3BR Chelsea Residences Tower B | DAMAC | Maritime City | Full Sea View | AED 4.65M | Handover 2029

Chelsea Residences Tower B is a premium 3-bedroom waterfront residence in Maritime City, Dubai, offering an exceptional opportunity for investors seeking high-quality off-plan property at a distressed price. Developed by DAMAC Properties, one of the UAE’s most trusted luxury developers, this corner unit on Floor 7 delivers full sea views from every room.

Property Details

This spacious 3-bedroom, 3-bathroom apartment spans 2,050 square feet with an open-plan living and dining area, a fully fitted modern kitchen, and a private balcony overlooking the Arabian Gulf. The corner position ensures panoramic sea views from two sides, maximising natural light and cross-ventilation throughout the day.

Investment Highlights

• Asking Price: AED 4,650,000 — 13.4% below the original developer price of AED 5,371,000
• Developer: DAMAC Properties — the UAE’s leading luxury property developer
• Handover: December 31, 2029 — nearly 4 years of pre-handover price appreciation potential
• Payment Plan: 10/90 — 10% down payment, 90% on handover
• Energy Rating: A — highest efficiency standard
• Corner Unit — dual-aspect sea views, enhanced privacy and natural light

Why Maritime City?

Maritime City is a master-planned waterfront district strategically located between Dubai Marina and Deira, directly on Sheikh Zayed Road (E11). The community offers direct beach access, pedestrian promenades, retail outlets, and excellent metro connectivity via the Dubai Maritime Metro Station. Residents enjoy proximity to Dubai Marina Walk, The Beach at JBR, and Bluewaters Island with the iconic Ain Dubai.

Rental Yield Potential

3-bedroom units in Maritime City currently command annual rental rates of AED 140,000–160,000, translating to an estimated net rental yield of 6%–7.5% per annum — one of the most attractive returns in Dubai’s residential market.

Frequently Asked Questions (FAQs)

1. What makes Chelsea Residences Tower B a unique investment in Dubai Maritime City?

Chelsea Residences Tower B stands out due to its exclusive branding by DAMAC Properties and its premium waterfront location. This specific 3-bedroom corner unit on the 7th floor is a “distressed sale” opportunity, priced at AED 4,650,000—which is 13.4% lower than the original developer price. For investors, this provides immediate “equity” from day one and a high ceiling for capital appreciation before the 2029 handover.

2. What are the key features of the 3-bedroom corner unit?

This spacious 2,050 sq. ft. residence is designed for luxury and privacy. As a corner unit, it offers:

• Dual-aspect panoramic sea views from every room.

• An open-plan living and dining layout with a fully fitted modern kitchen.

• Three large bathrooms and a private balcony overlooking the Arabian Gulf.

• An Energy Rating A certification, ensuring long-term sustainability and lower utility costs.

3. What is the payment plan and expected handover date?

The property features an investor-friendly 10/90 payment plan, requiring only a 10% down payment, with the remaining 90% due upon handover on December 31, 2029. This structure allows investors to leverage their capital over a 4-year period while the surrounding Maritime City infrastructure matures, further driving property value.

4. What is the expected rental ROI for apartments in Maritime City?

Maritime City is emerging as a high-yield hub. Current market data for 3-bedroom units shows annual rental rates ranging from AED 140,000 to AED 160,000. Based on the distressed purchase price of AED 4.65M, this translates to an impressive net rental yield of 6%–7.5%, significantly outperforming many traditional residential areas in Dubai.

5. How is the connectivity and lifestyle in Dubai Maritime City?

Strategically positioned on Sheikh Zayed Road (E11), Maritime City bridges the gap between “Old Dubai” and the “New Dubai” hubs like Dubai Marina and JBR. Residents benefit from:

• Direct beach access and pedestrian-friendly promenades.

• Proximity to major attractions like Bluewaters Island and Ain Dubai.

• Seamless travel via the Dubai Maritime Metro Station, making it an ideal location for professionals and families alike.