Chelsea Residences Tower B 3-Bedroom 14.4% Below OP, Full Sea View

Property Overview

This 2,050 sq ft three-bedroom corner apartment in Chelsea Residences Tower B by DAMAC, Dubai Maritime City, is offered as an off-plan resale at AED 4,600,000, against an agent-stated original purchase price of AED 5,371,000. The asking price is AED 771,000 (14.4%) below the original price. The agent describes a floor between the 8th and 12th levels with a full sea view, and handover in December 2029.

Property Highlights

• Property type: 3-bedroom corner apartment (off-plan resale)
• Building: Chelsea Residences Tower B, Dubai Maritime City
• Built-up area: 2,050 sq ft
• Floor: Between the 8th and 12th floors (agent-stated range)
• View: Full sea view (agent-stated)
• Handover: December 2029 (agent-stated)
• Asking price: AED 4,600,000
• Original purchase price (agent-stated): AED 5,371,000
• Saving versus original price: AED 771,000 (14.4%)
• Price per sq ft: approximately AED 2,244

Why the Price Qualifies as Below OP

The agent brief states an original purchase price of AED 5,371,000 and a selling price of AED 4,600,000. The difference is AED 771,000, or 14.4% below the original price, matching the agent's stated 14.4% discount. Including the 4% DLD fee the seller paid (a total cost of about AED 5,585,840), the asking price is roughly 17.6% lower. Dividing the asking price by 2,050 sq ft gives approximately AED 2,244 per sq ft.

The benchmark is the seller's original purchase price as supplied in the agent brief received on 13 October 2026, not a DLD transaction record or independent valuation. Buyers should confirm the original price, amount paid and outstanding balance against the Sales and Purchase Agreement (SPA) and DAMAC's statement of account.

About the Building and Community

Chelsea Residences is an off-plan residential development by DAMAC Properties in Dubai Maritime City, with more than one tower. This unit is in Tower B. Project amenities were not supplied with this brief and should be confirmed with DAMAC.

Layout, Floor and View

The agent describes this unit as a 2,050 sq ft three-bedroom corner apartment on a floor between the 8th and 12th levels, with a full sea view. Corner units often have windows on two sides, but the exact layout should be confirmed on the floor plan. The exact floor, bathroom count, maid's room, balcony and parking were not supplied.

Payment Plan and Handover

The agent states handover is expected in December 2029. The payment plan, amount already paid and remaining balance were not supplied. The buyer would typically reimburse the seller for amounts paid and take over the remaining instalments. Confirm all payment terms and any DAMAC transfer or NOC fees against the SPA.

Location and Connectivity

Dubai Maritime City is a waterfront district in Dubai. Specific travel times to nearby destinations have not been verified for this listing.

Verification Notes

• Unit facts (type, building, size, corner position, floor range, view, handover, original and asking price) come from the agent brief received on 13 October 2026.
• The saving, percentages, OP-plus-DLD figure and price per sq ft are DPF calculations based on those supplied figures, using the standard 4% DLD fee.
• No payment plan, photographs or documents were supplied with this brief.