# DAMAC Seacrest (Chelsea Residences) Dubai — Apartments for Sale > DAMAC Seacrest was launched as Chelsea Residences by DAMAC — 6 waterfront towers in Dubai Maritime City. 1-beds from ~AED 2.26M on registered DLD deals, 60/40 plan, handover Q4 2029. Prices and honest view. > Canonical (HTML): https://wizipremium.com/projects/damac-seacrest.html > Markdown twin generated from the live page content. Date: 2026-08-29 --- 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 2.26M 5.6M 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 — Payback — ### Get DAMAC Seacrest (Chelsea Residences) units that match this A shortlist with floor plans, payment plan and yield breakdown — to your WhatsApp within the hour. 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. 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