What is the payment plan for Chelsea Residences 1 Tower C?

Chelsea Residences 1 Tower C by Damac is sold on a 5/55/40 plan: 5% on booking, 55% during construction, 40% on handover, as published by the developer.

How much is the booking amount for Chelsea Residences 1 Tower C?

5% of the price. On the cheapest unit at AED 2.5M that is AED 127,400.

How much do I pay before I get the keys to Chelsea Residences 1 Tower C?

100% of the price, the payment due on handover day included. On the cheapest unit at AED 2.5M that is AED 2.5M by handover in Q2 2030.

Does Chelsea Residences 1 Tower C have a post-handover payment plan?

No. The published plan completes at handover in Q2 2030.

What are the registration fees on Chelsea Residences 1 Tower C?

The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 2.5M that is AED 101,920. It is paid to the Land Department, not to EZRE, and it sits outside the developer's payment plan. Administration, trustee and any developer charges are separate.

When is the handover of Chelsea Residences 1 Tower C?

Damac publishes Q2 2030, which is 45 months from now.

Damac · Maritime City · handover Q2 2030

Chelsea Residences 1 Tower C payment plan

Chelsea Residences 1 Tower C by Damac in Maritime City, Dubai is sold on a 5/55/40 payment plan. On the cheapest unit, starting from AED 2.5M, that is AED 2.5M (100%) paid by handover in Q2 2030. Handover is 45 months away.

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The Chelsea Residences 1 Tower C payment plan in dirhams

Payment plan as published by the developer

Stage	Share
On booking	5%
During Construction	55%
On Handover	40%

On the cheapest unit (1 BR, AED 2.5M)

On booking	AED 127,400
During Construction	AED 1,401,400
On Handover	AED 1,019,200
Total (100%)	AED 2,548,000
Months to handover	45

Percentages as published by Damac. Dirham figures are those percentages applied to the published starting price of AED 2,548,000. Registration and other fees are not included.

The Chelsea Residences 1 Tower C instalment schedule, line by line

Every instalment Damac publishes for Chelsea Residences 1 Tower C, in order, with the charges listed alongside the plan.

Payment Plan (4% DLD Waiver)

Published by Damac

Stage	Instalment	Share	On AED 2,548,000
On booking5%	On booking	5%	AED 127,400
	DLD feefee	4%	AED 101,920
During Construction55%	1 month after booking	10%	AED 254,800
	3 month after booking	5%	AED 127,400
	0.25% From 4 to 17 months after booking	3%	AED 76,440
	6% in 6, 12 months after booking	12%	AED 305,760
	0.25% From 18 to 41 months after booking	5%	AED 127,400
	5% in 18, 24, 30, 36 months after booking	20%	AED 509,600
On Handover40%	On Handover	40%	AED 1,019,200
Total of the plan		100%	AED 2,548,000

Lines marked fee (DLD fee) are charges the developer lists alongside the plan. They are paid on top of the price and are not part of the percentages above.

Instalments and charges as published by Damac; the dirham column applies each percentage to the published starting price of AED 2,548,000. Fixed charges are printed as published. Registration with the Land Department is shown separately below.

What each unit size pays at Chelsea Residences 1 Tower C

The same plan, applied to the starting price Damac publishes for each size in the building.

Unit	From	On booking (5%)	During Construction (55%)	On Handover (40%)
1 bedfrom 771 sq ft	AED 2,548,000	AED 127,400	AED 1,401,400	AED 1,019,200
2 bedfrom 1,158 sq ft	AED 3,683,000	AED 184,150	AED 2,025,650	AED 1,473,200
3 bedfrom 2,855 sq ft	AED 7,604,000	AED 380,200	AED 4,182,200	AED 3,041,600

Starting price per size as published by Damac; each column is that size’s published starting price multiplied by the stage percentage above.

What it costs to register Chelsea Residences 1 Tower C

The Dubai Land Department charges 4% of the purchase price to register the sale. It is paid to the Land Department, not to Damac and not to EZRE, and it sits outside the payment plan above. Administration, trustee and any developer charges are separate and are not shown here.

Unit	From	Land Department 4%
1 bed	AED 2,548,000	AED 101,920
2 bed	AED 3,683,000	AED 147,320
3 bed	AED 7,604,000	AED 304,160

4% applied to each published starting price. The rate is the Dubai Land Department’s published registration fee and is not a figure from the register.

Everything else on Chelsea Residences 1 Tower C

Chelsea Residences 1 Tower C payment plan: questions buyers ask

What is the payment plan for Chelsea Residences 1 Tower C?: Chelsea Residences 1 Tower C by Damac is sold on a 5/55/40 plan: 5% on booking, 55% during construction, 40% on handover, as published by the developer.
How much is the booking amount for Chelsea Residences 1 Tower C?: 5% of the price. On the cheapest unit at AED 2.5M that is AED 127,400.
How much do I pay before I get the keys to Chelsea Residences 1 Tower C?: 100% of the price, the payment due on handover day included. On the cheapest unit at AED 2.5M that is AED 2.5M by handover in Q2 2030.
Does Chelsea Residences 1 Tower C have a post-handover payment plan?: No. The published plan completes at handover in Q2 2030.
What are the registration fees on Chelsea Residences 1 Tower C?: The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 2.5M that is AED 101,920. It is paid to the Land Department, not to EZRE, and it sits outside the developer's payment plan. Administration, trustee and any developer charges are separate.
When is the handover of Chelsea Residences 1 Tower C?: Damac publishes Q2 2030, which is 45 months from now.