Distress Deal | Chelsea Residences by DAMAC Tower B | 3BR Apartment at Dubai Maritime City | 13.4% Below OP | Full Sea View

• 3 Bedroom Apartment — Corner Unit, DAMAC Properties, Dubai Maritime City, Dubai, UAE — World’s first Chelsea FC-branded residences.
• 2,049 sqft BUA (190.35 sqm) | 2 Covered Parking | Semi-Furnished | Full Sea View — 180-Degree Arabian Gulf | 5th Floor
• Asking Price: AED 4,650,000 — AED 721,000 (13.4%) below original price of AED 5,371,000; AED 750,000 below current market value of AED 5,400,000
• Payment status: 40% paid by seller (AED 2,148,400); buyer assumes remaining 60% (AED 3,222,600) at 31 December 2029
• Handover: 31 December 2029 | Dubai Maritime City — government-backed waterfront free zone with AED 5.3B infrastructure programme

What is this Chelsea Residences by DAMAC — Tower B 3BR deal in Dubai Maritime City?

This is a verified motivated-seller distress listing at Chelsea Residences by DAMAC — Tower B by DAMAC Properties in Dubai Maritime City. The seller is exiting at AED 721,000 (13.4%) below the original purchase price of AED 5,371,000, handing the incoming buyer AED 750,000 in immediate paper equity versus the current secondary market value of AED 5,400,000. At AED 2,269/sqft, this 2,049 sqft 3BR enters the Dubai Maritime City market at a price that is AED 631/sqft below the current Dubai Maritime City resale comparable of AED 2,900/sqft — a built-in discount of 21.8% from the moment of signing. Dubai Maritime City recorded 2,800 DLD-registered residential transactions in 2025, up 45% year-on-year, confirming the depth of buyer liquidity that supports any future disposal.

The unit is positioned on 5th Floor at Chelsea Residences by DAMAC — Tower B, delivering Full Sea View — 180-Degree Arabian Gulf. Semi-Furnished specification means the buyer benefits from the flexibility to finish the unit to their own specification while capitalising on the seller discount. Handover is scheduled for 31 December 2029, with 40% of the original purchase price already paid by the seller. The buyer assumes only the remaining 60% (AED 3,222,600) at 31 December 2029 handover — providing cashflow planning runway of 36 or more months between transfer and final payment.

The seller’s exit is driven by a genuine personal liquidity need — not a change in market outlook, developer delivery risk or asset-specific concern. Having committed AED 2,148,400 (40% of the original price) in capital, the seller is crystallising a loss of AED 721,000 rather than holding through the remaining construction period to the 31 December 2029 handover. For the buyer, this is an entry at AED 2,269/sqft against a Dubai Maritime City resale market of AED 2,900/sqft and new off-plan launches pricing at AED 3,100/sqft — a simultaneous discount to both current resale and future replacement cost that cannot be achieved through any direct developer channel in Dubai Maritime City today.

Chelsea Residences by DAMAC — Tower B Dubai Maritime City — Property Specifications

• Project: Chelsea Residences by DAMAC — Tower B
• Developer: DAMAC Properties
• Community: Dubai Maritime City, Dubai
• Unit Type: 3 Bedroom Apartment — Corner Unit
• BUA: 2,049 sqft (190.35 sqm)
• Bathrooms: 3
• Parking: 2 Covered Spaces
• Floor: 5th Floor
• View: Full Sea View — 180-Degree Arabian Gulf
• Furnishing: Semi-Furnished
• Handover: 31 December 2029
• Ownership Type: Freehold — Open to All Nationalities
• Listing Reference: CHELSEA-RES-DAMAC-MC-3BR-DISTRESS-001

Payment Plan Breakdown — What the Buyer Takes Over

• 40% Already Paid by Seller: AED 2,148,400 — seller has paid 40% of the original purchase price of AED 5,371,000 to DAMAC Properties across multiple installments
• Buyer Transfer Payment to Seller (at MOU): AED 1,427,400 — buyer pays seller the agreed price minus the outstanding handover installment at MOU execution
• DLD Registration Fee (4% of Selling Price): AED 186,000 — mandatory property transfer fee paid by buyer directly to DLD at novation registration
• Developer NOC and Transfer Fee (DAMAC Properties): approx. AED 5,000–6,500 — standard developer No Objection Certificate and administrative fee
• 60% Final Installment — On Handover (31 December 2029): AED 3,222,600 — final payment due directly to DAMAC Properties at unit handover, assumed by buyer on novation
• TOTAL ALL-IN BUYER COST: AED 4,841,500 (purchase price AED 4,650,000 + DLD AED 186,000 + NOC approx.). Zero agent fee for buyer.

The transfer process works via a DAMAC Properties-approved novation: the seller is legally replaced on the original SPA by the new buyer with the developer’s written consent. The seller first obtains a No Objection Certificate from DAMAC Properties confirming no arrears or disputes; both parties execute an MOU with a 10% escrow deposit of AED 465,000; DAMAC Properties, the seller and the buyer sign the novation SPA; the buyer registers at the Dubai Land Department and pays the 4% DLD fee of AED 186,000 directly. The buyer then assumes the final 60% installment of AED 3,222,600 due at 31 December 2029 handover. DistressPropertyFinder.com coordinates the full process — from initial documentation review and NOC procurement through to DLD title registration.

Pricing Analysis — Why This is a Deal in 2026

• Original Purchase Price (OP): AED 5,371,000
• DLD Registration Fee (4%): AED 186,000
• Total Original Cost (OP + DLD): AED 5,557,000
• Seller’s Asking Price: AED 4,650,000
• Seller’s Loss vs OP: AED 721,000 (13.4%) — genuine cash loss, not a paper adjustment
• Current Dubai Maritime City Market Value: AED 5,400,000
• Buyer’s Day-One Unrealised Equity: AED 750,000 (16.1% of acquisition price)
• This Listing — Price per Sqft: AED 2,269/sqft
• Dubai Maritime City Current Resale Market — Price per Sqft: AED 2,900/sqft (source: DMC Chelsea Residences 3BR current resale)
• New Off-Plan Launches in Dubai Maritime City (2025–2026): AED 3,100+/sqft
• Estimated Gross Rental Yield at Asking Price: 4.1%–5.4% p.a.
• Estimated Annual Rent (Mid-Range): AED 210,000/yr
• Estimated Annual Service Charge: AED 35,000/yr
• Total All-In Acquisition Cost (Price + DLD): AED 4,836,000
• Agent Fee for Buyer: Zero

At AED 2,269/sqft, this unit sits AED 631/sqft (21.8%) below the current Dubai Maritime City secondary market average and AED 831/sqft below comparable new off-plan launches — meaning any buyer entering through a developer channel today would pay materially more for an equivalent Dubai Maritime City address with a 2–3 year construction wait and no existing owner discount. At a gross rental yield of 4.5% on the mid-range annual rent estimate of AED 210,000, this unit provides AED 175,000/yr net of service charges on a day-one basis — before any capital appreciation across the 31 December 2029 hold period is factored in.

Dubai Maritime City Location — Why This Community Matters

Dubai Maritime City (DMC) is a government-backed waterfront free zone positioned between Port Rashid and the heart of Old Dubai, 12 minutes from DIFC and 15 minutes from Downtown. AED 5.3 billion has been allocated for area infrastructure including the Shindagha Corridor upgrades, Al Khaleej Tunnel (12,000 vehicles/hour capacity) and the Infinity Bridge — reducing Dubai Deira-to-DMC travel times from 100 minutes to under 20 minutes as of March 2025. The area is expected to house 26,000+ residents by 2027.

The Shindagha Corridor upgrade and Al Khaleej Tunnel (1.65km, 6-lane, 90% complete March 2025) directly connect DMC to Sheikh Zayed Road, DIFC and Downtown. DMC’s Master Plan allocates one-third of plots to mixed-use residential, with Chelsea Residences being the first and most prominent branded residential development. Blue Flag eco-certified beaches adjoin the residential towers.

DMC’s diverse tenant base spans maritime engineers, corporate executives and cruise ship guests — generating consistent year-round occupancy without seasonal dependency. Net rental yields of 5-7% per annum have been cited in DAMAC’s own investor materials, with branded units (Chelsea FC partnership) commanding an estimated 15-20% premium over non-branded comparable towers based on DAMAC’s track record in branded developments. Maritime sector tenants typically sign 2-3 year leases, reducing vacancy risk materially below the Dubai average.

DLD transaction volumes in DMC grew 45% year-on-year in 2025, one of the highest growth rates of any Dubai sub-market. Price per sqft in DMC’s Chelsea Residences started at AED 2,800/sqft at cluster 1 launch and reached AED 3,100/sqft at cluster 2 within weeks — a 10.7% in-launch appreciation that signals extremely strong institutional demand. Chelsea FC branding (Jersey partnership from 2025-2026 season) adds international visibility to the project.

Dubai Maritime City Distances & Connectivity

• Dubai Creek Harbour: 8 km — Waterfront District
• Dubai International Airport DXB: 12 km — International Airport
• Downtown Dubai: 15 km — Urban District
• Burj Khalifa: 16 km — Iconic Landmark
• Dubai Mall: 16 km — Shopping & Entertainment
• DIFC: 12 km — Financial Centre
• Deira City Centre: 8 km — Shopping
• QE2 Hotel and Port Rashid: 2 km — Heritage Landmark

Chelsea Residences by DAMAC — Tower B — Building & Amenities

• Seafront Infinity Pool with 180-Degree Arabian Gulf Views
• Rooftop Football Pitch (Chelsea FC-Themed)
• High-Performance Training Centre and Sports Courts
• Cryotherapy Chamber and Wellness Spa
• Aerial Yoga Studio and Meditation Pavilion
• Private Beach Club — Blue Beach Club
• Blue Flag Eco-Certified Beach Access
• Corner Unit with Oversized Terrace Balcony
• 24-Hour Concierge and Security
• 2 Covered Resident Parking Spaces
• Kids’ Play Area — The Dome
• Halotherapy Lounge and Aqua Recovery Pool
• Retail Promenade and Waterfront Dining
• Smart Home Technology with App Control

Who Should Buy This Chelsea Residences by DAMAC — Tower B 3BR in Dubai Maritime City?

1. The Capital-Efficient Below-Market Investor: You have been tracking Dubai Maritime City fundamentals and seeking a distress entry below current resale pricing. At AED 2,269/sqft versus market AED 2,900/sqft and new off-plan at AED 3,100/sqft, this unit provides AED 750,000 in day-one unrealised equity — a 16.1% immediate paper return. DAMAC Properties’s construction milestone system and RERA-regulated escrow account de-risk the 31 December 2029 handover. At a conservative AED 210,000/yr annual rent post-handover, gross yield of 4.5% compares favourably with European prime residential at 2-4%.
2. The End-User Buyer or Lifestyle Purchaser: You are currently renting in Dubai Maritime City or a neighbouring community and want to own rather than lease. Typical 3BR rents in Dubai Maritime City range from AED 190,000 to AED 250,000/yr — equating to a mortgage-equivalent buy decision. At AED 4,836,000/yr all-in (including DLD, zero agent fee), ownership of a 2,049 sqft Semi-Furnished 3BR with Full Sea View — 180-Degree Arabian Gulf delivers both lifestyle value and equity accumulation that renting cannot replicate. Handover in 31 December 2029 aligns with most standard lease renewal cycles, enabling a seamless transition from tenant to owner.
3. The Portfolio Diversifier and Institutional Acquirer: You already hold property in a mature Dubai sub-market and are seeking a high-conviction, below-replacement-cost position in Dubai Maritime City to diversify your income base. DAMAC Properties’s brand provides institutional-quality exit liquidity at any future disposal — secondary buyers recognise the developer premium and price accordingly. The AED 750,000 built-in equity provides a meaningful margin of safety against short-term market softening, while the semi-furnished specification allows cost-controlled customisation with the discount providing the capex budget. Dubai Maritime City’s 2,800 annual transactions (2025) confirm strong liquidity depth for a future exit at any timeline.

How to Acquire This Chelsea Residences by DAMAC — Tower B Unit — Step by Step

1. Express Interest (Day 0): Contact Distress Property Finder quoting listing reference CHELSEA-RES-DAMAC-MC-3BR-DISTRESS-001. We share full SPA, all payment receipts (AED 2,148,400 confirmed to DAMAC Properties), unit floor plan and title deed extract within 24 hours.
2. Documentation Review (Day 1–3): Examine the original SPA with DAMAC Properties, DLD registration certificate, all installment payment receipts, and current building progress report. Independent legal review via a UAE-registered conveyancer is recommended.
3. Sign MOU — Form F (Day 3–7): Execute the Memorandum of Understanding with the seller. A 10% deposit of AED 465,000 is held by a DLD-registered trustee in escrow pending NOC.
4. Obtain DAMAC Properties NOC (Day 7–17): DistressPropertyFinder.com submits the novation application to DAMAC Properties. NOC is typically issued within 5–10 business days. Developer NOC and transfer fee of approximately AED 5,000–6,500 applies.
5. Execute Novation SPA (Day 15–20): DAMAC Properties, the seller and the buyer sign the novation SPA. The buyer is now the registered purchaser on the DAMAC Properties SPA for the remaining 60% at 31 December 2029 handover..
6. Dubai Land Department Registration (Day 17–22): Both parties attend DLD (or authorise a licensed registered agent). Buyer pays DLD registration fee of AED 186,000 (4% of selling price) directly to DLD. Title deed issued: 1–3 business days.
7. Final Payment to Seller (Day 17–22): Buyer pays AED 1,427,400 to the seller at DLD registration. MOU escrow deposit is credited against this amount.
8. Monitor Construction and Prepare for Handover (Post-Transfer): Buyer monitors DAMAC Properties construction updates and prepares AED 3,222,600 (60%) for 31 December 2029 handover. DistressPropertyFinder.com manages the full process from MOU to title deed.