Chelsea Residences 3: Damac in Maritime City
Damac Properties is developing Chelsea Residences 3 within the Chelsea Residence cluster in Dubai's Maritime City. This is the third phase in the series, offering apartments across 1, 2, and 3-bedroom configurations. Construction started on 9 July 2026, with completion expected in June 2030. For buyers entering now, this is a four-year off-plan commitment from ground break to handover.
15 Minutes from Downtown: The Maritime City Case
Maritime City is a waterfront district in central Dubai, positioned between Deira and Port Rashid. Sheikh Zayed Road connects the area to the city's main spine. Downtown Dubai and Business Bay are roughly 15 minutes by car. Dubai International Airport sits approximately 20 minutes east. Dubai Marina and the western residential clusters are further out, typically 30 to 35 minutes in normal traffic.
The district is still establishing itself as a residential community. Waterfront access and direct road connections to Dubai's central corridors are in place. The community infrastructure around those fundamentals is still developing. The combination of central location and waterfront setting is the main draw for buyers and investors evaluating this address.
What the Price Gap Tells You
Prices run from AED 2,560,000 to AED 7,600,000. The spread is wide, but it is driven entirely by bedroom configuration.
| Bedroom Type | Starting Price |
|---|---|
| 1-Bedroom | AED 2,560,000 |
| 2-Bedroom | AED 3,680,000 |
| 3-Bedroom | AED 7,600,000 |
From 1-bedroom to 2-bedroom, the step is AED 1,120,000, roughly a 44% increase. From 2-bedroom to 3-bedroom, the increase is AED 3,920,000: the 3-bedroom price more than doubles from the 2-bedroom base. This is not a graduated scale. The 3-bedroom sits in a different pricing tier from the 1 and 2-bedroom units.
At the lower end, the 1-bedroom at AED 2.56M is the accessible entry point in this project. It suits investors or buyers who want a position in a Damac waterfront development at a lower capital commitment. The 2-bedroom at AED 3.68M covers a wider buyer profile: couples, small families, or buyers who need more space for flexible use. The 3-bedroom at AED 7.6M targets buyers with a specific need for larger accommodation in this location.
Six Amenities, Practical for Residents
| Category | Amenities |
|---|---|
| Fitness | Indoor Swimming Pool, Gymnasium |
| Outdoor | Landscaped Gardens |
| Family & Dining | Children's Play Area, Restaurants |
| Security | CCTV Security |
The project offers six amenities. The indoor pool and gymnasium cover the fitness side. Landscaped gardens provide outdoor communal space. The children's play area and on-site restaurants make the development practical for families and buyers who want basic lifestyle services within the building. The amenity list is focused rather than broad: it covers core resident needs without specialty or entertainment facilities. For a project across three bedroom types at this price range, the mix is well-matched to the likely resident profile.
Four Years from Ground Break to Delivery
Construction started on 9 July 2026, with completion expected in June 2030. The build window is approximately four years. Buyers entering at this stage are at the start of the construction cycle, with handover falling in mid-2030. The payment schedule runs in parallel with this timeline.
Getting In for 15%
| Payment Stage | Percentage |
|---|---|
| Down Payment | 15% |
| During Construction | 45% |
| At Handover | 40% |
The structure opens with a 15% down payment at signing. That leaves 85% of the total price split between the construction period and handover. Construction installments of 45% are distributed across the four-year build period through to June 2030. The final 40% is due at handover in a single payment. There is no post-handover facility, so all obligations settle at delivery. The 40% handover payment is the largest single component of the schedule and falls at completion.