Maritime City
Chelsea Residences
AED3,002,000
Project general facts Chelsea Residences by DAMAC is an ultra luxury waterfront development located in Dubai Maritime City. The project consists of six archite…
- Handover
- DEC 2029
- Developer
- Damac
- Units
- 101
- Unit types
- 26
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Key figures
- From
- AED 3,002,000
- Handover
- DEC 2029
- Developer
- Damac
- Units
- 101
- Unit types
- 26
- Golden Visa
- Golden Visa eligible
- DLD fee (4%)
- AED 120,080
Source: Reelly project starting price; official UAE Golden Visa property threshold (AED 2,000,000); Dubai Land Department transfer fee of 4%. Rule last verified by DubaiYield on 2026-08-14 (published public rule — not a live government API).
Payment plan
Payment Plan
5%
On booking
AED150,100
55%
During construction
AED1,651,100
40%
Upon Handover
Due on handover
AED1,200,800
Percentages from developer payment plan via Reelly. Confirm in SPA.
Golden Visa
Golden Visa eligibility
Property at AED 2,000,000 or above may qualify for the UAE 10-year Golden Visa. Off-plan purchases can qualify once the SPA is registered with the Dubai Land Department, including bank-financed purchases.
Threshold
AED2,000,000
Likely eligible — 10-year Golden Visa
Indicative guidance only. Eligibility is subject to legal and regulatory review. The 10-year Golden Visa property route is distinct from shorter investor residency programmes.
Area overview
Maritime City is a freehold residential district in Dubai featured in the DubaiYield catalogue.
Listings here show starting prices, payment plans, and handover quarters drawn from project data — without unsourced yield claims.
About the developer
DAMAC Properties is a Dubai-based real estate developer founded in 2002 by Hussain Sajwani, following the government's 2002 decision to allow foreign nationals to own freehold property in the emirate. The company was listed on the Dubai Financial Market in 2015. DAMAC has since become one of the larger private developers operating in the UAE, with a portfolio extending to other regional markets and to cities including London and Toronto.
DAMAC's master communities include DAMAC Hills, formerly known as Akoya by DAMAC, a mixed residential development of roughly 42 million square feet built around the Trump International Golf Club, an 18-hole course designed by Gil Hanse. DAMAC Hills 2, previously named Akoya Oxygen, follows a similar community model with a stronger focus on townhouses. DAMAC Lagoons is a more recent master community themed around Mediterranean coastal destinations, combining waterfront townhouses and villas.
The company is also known for residential towers developed in partnership with international fashion and hospitality brands, including Versace, Fendi, Roberto Cavalli, de Grisogono, and Paramount Hotels & Resorts, as well as a golf-course collaboration with the Trump Organization. Notable branded towers include Cavalli Tower and AYKON City on Sheikh Zayed Road.
