Dubai Maritime City · Dubai
Chelsea Residences 2
by Damac Properties · also listed as Chelsea Residences 2 By Damac
- From
- AED 2.16M
- ≈ $588K
- Handover
- Q4 2029
- Homes
- 1 bed to 3 bed
- 780 – 2,040 sqft
Price per sqft vs registered sales
Dubai Land Department open dataAED 2,338/sqft (est.)
The DLD median for apartments in Dubai Maritime City is AED 3,314/sqft (as of 24 Sep 2026). This project's figure is our estimate from the starting price and the smallest unit, so it is not compared: the gap appears once the register shows this project's own sales or the developer states a price per sqft.
How the 59 was scored
5 of 7 factors · 85% of the weight · 24 Sep 2026- Price against what buyers actually paidAssessed · weight 25
- Developer track recordAssessed · weight 20
- Payment planAssessed · weight 15
- Location and infrastructureAssessed · weight 15
- How easy it is to sell laterAssessed · weight 10
- Construction on scheduleNot assessed · weight 10
- The basics on fileNot assessed · weight 5
Unchanged since the first scoreScored since 24 Sep 2026 · 0 changes
The formula is public: how the Rendr Score works. Our opinion, not investment advice. A figure you believe is wrong: alexk.dxb02@gmail.com.
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The full working behind the 59
Registered visitors- All 7 factor scores, with the figure and source behind each
- Score history since 24 Sep 2026 and why each move happened
- Damac Properties' DLD record: 17 projects, 0 past their date
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- Projects covered
- 1,540
- projects covered
- Factors
- 7
- factors, formula public
- Registers
- ADREC · DLD
- registered sales, not asking prices
Handover date
Q4 2029
Announced
What this means
Chelsea Residences 2 is due to hand over in Q4 2029. The project is announced. Handover dates are the developer's own estimate and off-plan schedules move, so confirm the current date in writing before paying anything.
Payment plan
20/40/40
- Down payment
- 20%
- During construction
- 40%
- On handover
- 40%
What you’d pay and when
On the starting price of AED 2,160,000, as the plan splits it.
- 20% at bookingAED 432,000≈ $118K
- 40% during construction, until handover (Q4 2029)AED 864,000≈ $235K
- 40% on handover (Q4 2029)AED 864,000≈ $235K
A unit’s own price, its instalment dates and any fees are in the developer’s sales agreement; confirm them there before paying anything.
Unit types
from AED 2.16M1 bed
from 780 sqft
2 bed
from 1,300 sqft
3 bed
from 2,040 sqft
Apartment · Freehold
Full table
| Type | Bedrooms | Size (sqft) | Price | Per sqft |
|---|---|---|---|---|
| Apartment | 1 bed | from 780 | AED 2.16M | AED 2,769 |
| Apartment | 2 bed | from 1,300 | AED 3.1M | AED 2,385 |
| Apartment | 3 bed | from 2,040 | AED 4.77M | AED 2,338 |
DLD registration status
- Project registrationNot published yet
- Escrow accountNot published yet
- Developer licenceNot published yet
Where the figures come from, and what escrow means
We do not yet hold a DLD project registration number for Chelsea Residences 2. An escrow account is a regulated account the developer cannot draw on freely: your payments go in and are released as building progresses. Escrow accounts and project registrations are published by the Dubai Land Department (DLD) on dubailand.gov.ae. Always check them, and pay into the escrow account only, before handing over a deposit. How to read the DLD register.
Figures from propertyfinder.ae (propertyfinder.ae/en/new-projects/damac-properties/chelsea-residences-2-by-damac), read 2026-09-24; found in the Dubai web sweep; 138 off-plan sales registered with the DLD in 2026 under "CHELSEA RESIDENCES 2 BY DAMAC".
About
Chelsea Residences 2 is Damac's apartment tower in Dubai Maritime City, Dubai, with one to three-bedroom apartments from about 780 to 2,040 sq ft.
Read more
Prices start at AED 2,160,000 on a 20% booking, 40% during construction and 40% on handover plan, with handover listed for the fourth quarter of 2029.
The figures here are the starting price and plan as published for the project. Confirm the price, unit availability and service charge with the developer before committing.
- Damac apartment tower in Dubai Maritime City
- One to three-bedroom apartments from 780 sq ft
- 20/40/40 payment plan
- Handover Q4 2029
- Developer
- Damac Properties
- Status
- Announced
- Ownership
- Freehold
Amenities
- Rooftop Football
- Leisure and Entertainment
- Beach Club
- Gymnasium
- Shared Spa
- Children's Pool
- View of Water
- Dining in building
- Lobby in Building
Dubai Maritime City · Dubai
Man-made peninsula between Port Rashid and Dubai Drydocks, offices and a marina with apartment towers under construction.
More in Dubai Maritime City
Compare side by sideAll projects in Dubai Maritime CityChelsea Residences 2: questions buyers ask
How much does Chelsea Residences 2 cost?
Prices at Chelsea Residences 2 start from AED 2,160,000 and reach AED 4,770,000 (about $588K) for 1-bedroom, 2-bedroom and 3-bedroom homes. Asking prices come from the developer and change without notice.
What is the price per sqft at Chelsea Residences 2?
The asking price is around AED 2,338 per sqft, our estimate from the starting price and the unit sizes rather than a figure the developer has stated. Per-sqft prices vary by floor, view and finish within one building.
When is the Chelsea Residences 2 handover date?
Chelsea Residences 2 is expected to hand over in Q4 2029. The project is announced. Handover dates are the developer's own estimate and off-plan projects can move, so confirm the current date in writing before you pay anything.
What is the Chelsea Residences 2 payment plan?
Chelsea Residences 2 is offered on a 20/40/40 plan: 20% on booking, 40% during construction and 40% at handover. Developers change plans between phases, so confirm yours before signing.
What is the Rendr Score of Chelsea Residences 2?
Chelsea Residences 2 scores 59 of 100 on the Rendr Score, fair, as of 24 Sep 2026. The score weighs seven factors: the price against what buyers paid in Dubai Maritime City according to DLD, the developer's record, the payment plan, location, resale, construction progress and the paperwork on file; 5 of the 7 are assessed here, 85% of the weight. Our opinion, not investment advice; every input is on this page.
Who is the developer of Chelsea Residences 2?
Chelsea Residences 2 is being developed by Damac Properties. It sits in Dubai Maritime City, Dubai. You can see every project by Damac Properties we list, and how their asking prices compare with registered sales, on their page.
Can foreigners buy at Chelsea Residences 2?
Chelsea Residences 2 is in a freehold area, so buyers of any nationality can own a home here outright rather than on a lease. Dubai sets which zones are freehold; confirm the title type on your own unit's contract before paying.
Is Chelsea Residences 2 registered with DLD?
We do not yet hold a project registration number for Chelsea Residences 2. Every off-plan project must be registered and sell through an escrow account, where the money is released as building progresses. Check both at dubailand.gov.ae before you pay.
Changes
Listed 24 Sep 2026 · 1 change since, last 24 Sep 2026
Payment plan changed to 20/40/40
Source: propertyfinder.ae (propertyfinder.ae/en/new-projects/damac-properties/chelsea-residences-2-by-damac), read 2026-09-24; found in the Dubai web sweep; 138 off-plan sales registered with the DLD in 2026 under "CHELSEA RESIDENCES 2 BY DAMAC"
Listed on the site
Source: propertyfinder.ae (propertyfinder.ae/en/new-projects/damac-properties/chelsea-residences-2-by-damac), read 2026-09-24; found in the Dubai web sweep; 138 off-plan sales registered with the DLD in 2026 under "CHELSEA RESIDENCES 2 BY DAMAC"
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