Chelsea Residences 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 دبي الاسلامي (شركة مساهمة عامة), as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 3,084/sqft, 3.6% below the Maritime City off-plan median across 25 projects-3.6%Context
4. Is it selling?126 off-plan sales registered in the last 12 months, of 703 units; the latest on 12 Oct 2026126Context
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 دبي الاسلامي (شركة مساهمة عامة)

Master developer

Dubai Maritime City

Registered start

July 2025

Configuration

Project consists of G+2P+25 Floors(Tower A) + 28Floors(Tower B) + 30 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 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 by DAMAC cost per square foot?

AED 3,084 per sqft, the median of 126 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 2.98M. That is 3.6% below the Maritime City off-plan median across 25 projects.

Is Chelsea Residences by DAMAC in escrow?

Yes: the Land Department register names بنك دبي الاسلامي (شركة مساهمة عامة) 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 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 by DAMAC have?

703 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.