Chelsea Residences 2 by DAMAC

1. Is it on schedule?0% built in July 2026 against a December 2029 handover: 100% left to build in 41 months · DLD project register, Jul 20260%Context
2. Is my money protected?Payments go to an escrow account at بنك ابوظبى التجارى, as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 3,202/sqft, 0.0% above the Maritime City off-plan median across 25 projects0.0%Context
4. Is it selling?350 off-plan sales registered in the last 12 months, of 958 units; the latest on 30 Sept 2026350Context
5. Who is building it?The register names the master developer, Dubai Maritime City; the builder is not recordedNo record

Sizes run from the 10th to the 90th percentile of registered floor area, so one mislabelled unit cannot set the range. A title is issued at handover: a live project shows few or none however many units have sold, and an untitled unit is not necessarily for sale.

Escrow agent

بنك ابوظبى التجارى

Master developer

Dubai Maritime City

Registered start

September 2025

Configuration

Project consists of G+2P+33 Floors(Tower A) + 30Floors(Tower B) + 33 Floors(Tower C) + Roof, residential building located in Dubai Maritime City, Dubai.The building are designed to have a concrete structure and block with internal and external finishes.

Construction progress is the percentage DLD recorded in its project register as of July 2026, the latest DLD record for this project; the register lags DLD’s inspections by months, so it is dated separately. The developer is the company licensed to build it, by the register’s own licence number; the master developer owns the land under it and is often another company entirely. Off-plan price is the median of registered off-plan sales across this project’s published buildings, 12 months to 12 Oct 2026.

When will Chelsea Residences 2 by DAMAC be completed?

The developer registered handover for December 2029, 41 months after DLD’s latest record, and the project was 0% built as of July 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department project register as of July 2026.

What does Chelsea Residences 2 by DAMAC cost per square foot?

AED 3,202 per sqft, the median of 350 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 2.64M. That is 0.0% above the Maritime City off-plan median across 25 projects.

Is Chelsea Residences 2 by DAMAC in escrow?

Yes: the Land Department register names بنك ابوظبى التجارى as the project’s escrow agent, the bank that holds buyers’ payments for the developer. Dubai Land Department project register as of July 2026.

Who is the developer of Chelsea Residences 2 by DAMAC?

The register names the master developer, Dubai Maritime City, which owns the land; the company building the project is not recorded. Dubai Land Department project register as of July 2026.

How many units does Chelsea Residences 2 by DAMAC have?

958 registered units, of which 0 have a title issued. A title is issued at handover, so a live project shows few or none however many units have sold. Dubai Land Department project register as of July 2026.