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DAMAC Seacrest — now Chelsea Residences by DAMAC

Name: DAMAC Seacrest (Chelsea Residences) — Dubai
Brand: DAMAC Properties
Availability: InStock

The project marketed pre-launch as DAMAC Seacrest officially launched in June 2025 as Chelsea Residences by DAMAC — six Gensler-designed waterfront towers in Dubai Maritime City with a Chelsea FC partnership. 1-bedroom apartments from ~AED 2.26M on registered DLD deals; handover Q4 2029.

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AED 2.26M

1-bed from (DLD)

Q4 2029

handover

~6–7%

gross yield (est.)

149 sales

registered DLD · H1 2026

By WIZI PREMIUM · Updated 27 June 2026

In short

DAMAC Seacrest is the pre-launch name of Chelsea Residences by DAMAC in Dubai Maritime City — six waterfront towers (1,400+ units, 1–3 beds) launched June 2025 with a Chelsea FC branding partnership. On registered DLD deals in H1 2026 one-beds start from ~AED 2.26M (median AED 2.69M, ~AED 3,182/sqft blended). Payment plan is 60/40 with no post-handover; completion is slated for Q4 2029. Yields are estimates only until handover — Maritime City runs ~6–7% gross today.

Developer: DAMAC Properties · Sources: developer brochure, Bayut, Property Finder, DLD · 2026

The project

About Chelsea Residences (Seacrest) in Dubai Maritime City

If you were quoted «DAMAC Seacrest», you are looking at Chelsea Residences by DAMAC: the project was marketed to brokers under the Seacrest name in late 2024 and officially launched on 16 June 2025 as the world's first Chelsea FC-branded residences. Six towers designed by Gensler rise over Dubai Maritime City between Port Rashid and Drydocks, with 1,400+ apartments of 1–3 bedrooms, an infinity pool over the Gulf, spa and aqua-gym, and direct promenade access. Downtown is roughly 15 minutes away.

The DLD registered 149 off-plan sales here in H1 2026 — one-beds from AED 2.26M (median 2.69M), two-beds from 3.57M, three-beds from 5.25M, a blended ~AED 3,182/sqft. That is prime-waterfront pricing for a district still under construction, so this is a capital-appreciation and lifestyle play, not a cash-flow one: no rental history exists until handover in Q4 2029, and Maritime City resales today yield roughly 6–7% gross. The 60/40 plan carries no post-handover component; select units are offered with 1%/month schedules and a 4% DLD-fee waiver.

Dubai Maritime City, Dubai

The setting

A look around Dubai Maritime City

Prices & payment · 2026

How much DAMAC Seacrest (Chelsea Residences) costs

Type	From	Gross yield
1 bedroom	from ~AED 2.26M (DLD)	~6.5–7% (est.)
2 bedroom	from ~AED 3.57M (DLD)	~6–6.5% (est.)
3 bedroom	from ~AED 5.25M (DLD)	~5.5–6% (est.)

Indicative 2026 launch pricing; varies by unit, floor and view. Payment plan: 60/40 (20% booking + 40% construction + 40% handover), no post-handover. Sources: DAMAC Properties, Property Finder, DLD.

Investment view

Is DAMAC Seacrest (Chelsea Residences) right for you?

In favour

Waterfront towers with open-Gulf views and beach access
Registered DLD demand: 149 sales in six months
Chelsea FC branding + Gensler architecture — strong resale story
60/40 plan, no premium for post-handover

Worth knowing

Handover only in Q4 2029 — long capital lock-up
Maritime City is still a construction site around you
~AED 3,182/sqft is prime pricing for an unproven district
Yield figures are estimates — no rental history until 2029

Calculator

Estimate your return

Currency

Purchase budget 2,262,380 AED

2.26M5.6M AED

Gross estimate from typical Dubai Maritime City yields; net is lower after service charges (AED 12–25/sq.ft). Off-plan rent applies after handover (Q4 2029).

Monthly rent—

Annual income—

Gross yield—

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FAQ

Common questions

Is DAMAC Seacrest the same as Chelsea Residences?

Yes. Seacrest was the pre-launch broker name; DAMAC officially launched the project on 16 June 2025 as Chelsea Residences by DAMAC — six towers in Dubai Maritime City. Some portals still list it under the Seacrest name.

What is the DAMAC Seacrest completion date?

Handover is slated for Q4 2029. The project launched in June 2025 and is in early construction, delivered in phases across the six towers.

What rental yield can DAMAC Seacrest give?

No rental history exists until handover in 2029, so any yield figure is an estimate. Dubai Maritime City resales currently return roughly 6–7% gross; broker projections of 7–10% for this project are marketing, not data.

How much does Chelsea Residences by DAMAC cost?

On registered DLD deals in H1 2026: one-beds from ~AED 2.26M (median AED 2.69M), two-beds from ~AED 3.57M, three-beds from ~AED 5.25M — about AED 3,182/sqft blended, on a 60/40 payment plan.

Is DAMAC Seacrest (Chelsea Residences) a good investment?

DAMAC Seacrest (Chelsea Residences) offers a gross yield of around ~6–7% and is best suited to buyers who value waterfront towers with open-gulf views and beach access. As with any Dubai purchase, returns depend on unit, floor and handover (Q4 2029); we model the net figure per unit before you commit.

What is the payment plan at DAMAC Seacrest (Chelsea Residences)?

DAMAC Seacrest (Chelsea Residences) is offered on a 60/40 (20% booking + 40% construction + 40% handover), no post-handover plan (developer terms, subject to availability). Handover is Q4 2029. We confirm the exact schedule and any current incentives per unit on request.

Does DAMAC Seacrest (Chelsea Residences) qualify for the Golden Visa?

Yes — units at DAMAC Seacrest (Chelsea Residences) from AED 2M qualify the buyer for the UAE 10-year Golden Visa, available off-plan. With entry around AED 2.26M, most units clear the threshold; we handle the application paperwork.