3-Bedroom Corner with Full Sea View at Chelsea Residences Tower B, 12.5% Below OP

Property Overview

This 3-bedroom corner apartment in Chelsea Residences Tower B by DAMAC, Dubai Maritime City, is offered at AED 4,700,000. It has a built-up area of 2,050 sq ft with a full sea view and a large balcony, and handover is stated as December 2029. Against an agent-stated original purchase price of AED 5,371,000, the asking price is AED 671,000 or 12.5% below OP.

Property Highlights

• Asking price: AED 4,700,000
• Original purchase price: AED 5,371,000
• Below OP by: AED 671,000 (12.5%)
• Bedrooms: 3
• Built-up area: 2,050 sq ft
• Asking rate: about AED 2,293 per sq ft (OP rate about AED 2,620)
• Position: corner unit (agent-stated)
• View: full sea view (agent-stated)
• Large balcony (agent-stated)
• Handover: December 2029 (agent-stated)
• Developer: DAMAC Properties

Why the Price Qualifies as Below OP

The agent supplied an original purchase price of AED 5,371,000 and a selling price of AED 4,700,000. The difference is AED 671,000, which is 12.5% of the OP. The agent's summary quotes 14.4%; the figure calculated from the supplied prices is 12.5%.

The amount already paid to DAMAC and the remaining balance were not supplied. Published plans for the project place 40% on handover, so confirm the outstanding balance and whether the asking price includes it, using the SPA and DAMAC's statement of account.

About Chelsea Residences and Dubai Maritime City

Chelsea Residences is a six-tower DAMAC development in Dubai Maritime City, branded in collaboration with Chelsea Football Club and designed by Gensler. Published project information lists 1- to 3-bedroom apartments, with 3-bedroom units up to about 2,133 sq ft, and amenities including an infinity pool, gym, wellness facilities, gardens, barbecue area, cricket field, restaurants, sky bar, yoga room and private beach access.

Layout, Floor and View

The agent describes a three-bedroom corner apartment of 2,050 sq ft in Tower B with a full sea view and a large balcony. Floor number, bathroom count and parking were not supplied.

Payment Plan and Handover

The agent states handover in December 2029, consistent with the Q4 2029 date in published project information. The payment plan and amount paid were not supplied; confirm both in the SPA.

Location and Connectivity

Dubai Maritime City is a waterfront peninsula between Port Rashid and Dubai Drydocks, close to Bur Dubai and Jumeirah. Exact travel times were not supplied.

Verification Notes

• Agent-supplied: price, OP, built-up area, bedrooms, tower, corner position, full sea view, large balcony, December 2029 handover and the 14.4% figure.
• Calculated by DPF: discount amount, discount percentage and rates per sq ft.
• External research: developer, branding, tower count, unit sizes, amenities, handover timing and published payment structure.
• Not supplied: floor number, bathrooms, parking, payment plan and amount paid.