Sea View Apartment in Chelsea Residences by DAMAC, Maritime City, 17.1% Below Original Price

Property Overview

This apartment with full sea view in Chelsea Residences by DAMAC, Dubai Maritime City, is offered at AED 4,450,000, which is AED 921,000 below the original purchase price of AED 5,371,000, a reduction of 17.1%. The apartment spans 2,049 sqft and is the world's first football-branded residence, created in partnership with Chelsea Football Club. Handover is expected on 31 December 2029.

Property Highlights

• Apartment, 2,049 sqft (bedroom count not stated, likely 3BR)
• Full sea view with 270-degree panoramic vistas
• Chelsea FC branded residence
• Asking price: AED 4,450,000
• Original purchase price: AED 5,371,000
• Saving: AED 921,000 (17.1% below OP)
• Rate: AED 2,172 per sqft
• Off-plan with handover 31 December 2029
• Payment plan: 20/40/40

Bedroom Count Note

The agent brief does not state the bedroom count. Published Chelsea Residences sizing shows 1-bedroom units at 772 to 811 sqft and 2-bedroom units at approximately 1,610 sqft. At 2,049 sqft, this unit is likely a 3-bedroom apartment. DPF staff should confirm the bedroom count before publishing.

Why This Price Qualifies as Below OP

The seller's original purchase price is stated as AED 5,371,000. The current asking price of AED 4,450,000 represents a reduction of AED 921,000, equivalent to 17.1% below the original price. At the asking price, the rate per square foot is AED 2,172.

The agent brief states both 17.1% and 17.2% as the discount. The calculated figure is 17.1%. Buyers should verify the original SPA and payment history directly before proceeding.

About Chelsea Residences

Chelsea Residences by DAMAC is the world's first football-branded residential development, born from a landmark partnership between DAMAC Properties and Chelsea Football Club. The development comprises six iconic towers rising to 130 metres in Dubai Maritime City, offering over 1,400 apartments in 1, 2 and 3-bedroom configurations. The towers occupy one of the last remaining waterfront corner plots offering unobstructed 270-degree views of the Arabian Gulf and the Dubai skyline.

Designed with biophilic principles, the residences feature floor-to-ceiling windows, coral reef-inspired interiors and modern finishes. Chelsea FC branding permeates throughout, including a rooftop outdoor football pitch, an Aquarium Lounge in Chelsea blue, a private cinema, fitness and wellness facilities, a private beach, infinity sand pool, coral beach, starlit wellness centre, spa, yoga spaces, sports courts and gourmet dining. The sixth and final tower was launched in July 2026 following the sell-out of the first five towers.

Location and Connectivity

Chelsea Residences sits on the Dubai Maritime City peninsula with access to Sheikh Zayed Road and Al Khail Road. The development offers connectivity to Downtown Dubai, Dubai International Airport, La Mer, Dubai Creek and the city's major business and leisure destinations. Buyers should verify specific travel times independently.

Verification Notes

The asking price, original purchase price, built-up area (2,048.80 sqft, rounded to 2,049), full sea view and handover date (31 December 2029) are sourced from the agent brief received in September 2026. The bedroom count was not stated and is inferred as likely 3BR from the size. The savings calculation of AED 921,000 (17.1%) is derived from the difference between the stated original price and the asking price. The agent brief states both 17.1% and 17.2%; the calculated figure is 17.1%. The price per square foot of AED 2,172 is calculated from the asking price and stated built-up area. Project details are drawn from DAMAC Properties and secondary market sources. Buyers should independently confirm all figures, including the bedroom count, original SPA, payment history, remaining instalments and handover date, with the developer before committing.