Damac · Maritime City · handover Q4 2029
Chelsea Residences 1 payment plan, price and handover
Chelsea Residences 1 by Damac in Maritime City, Dubai is sold on a 5/55/40 payment plan. On the cheapest unit, starting from AED 2.39M, that is AED 2.39M (100%) paid by handover in Q4 2029. Handover is 37 months away.
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The Chelsea Residences 1 payment plan in dirhams
Payment plan as published by the developer
| Stage | Share |
|---|---|
| On booking | 5% |
| During construction | 55% |
| Upon Handover | 40% |
On the cheapest unit (1 BR, 772 sqft, AED 2.39M)
| On booking | AED 119,300 |
| During construction | AED 1,312,300 |
| Upon Handover | AED 954,400 |
| Total (100%) | AED 2,386,000 |
| Months to handover | 37 |
Percentages as published by Damac. Dirham figures are those percentages applied to the published starting price of AED 2,386,000. Registration and other fees are not included.
The Chelsea Residences 1 instalment schedule, line by line
Every instalment Damac publishes for Chelsea Residences 1, in order, with the charges listed alongside the plan.
Payment Plan
Published by Damac
| Stage | Instalment | Share | On AED 2,386,000 |
|---|---|---|---|
| On booking5% | On Booking | 5% | AED 119,300 |
| DLD Fee | 4% | AED 95,440 | |
| During construction55% | 1st month installment | 10% | AED 238,600 |
| 3rd month installment | 5% | AED 119,300 | |
| 4th month installment | 1% | AED 23,860 | |
| 5th month installment | 1% | AED 23,860 | |
| 6th month installment | 1% | AED 23,860 | |
| 7th month installment | 1% | AED 23,860 | |
| 8th month installment | 1% | AED 23,860 | |
| 9th month installment | 1% | AED 23,860 | |
| 10th month installment | 1% | AED 23,860 | |
| 11th month installment | 1% | AED 23,860 | |
| 12th month installment | 5% | AED 119,300 | |
| 13th month installment | 1% | AED 23,860 | |
| 14th month installment | 1% | AED 23,860 | |
| 15th month installment | 1% | AED 23,860 | |
| 16th month installment | 1% | AED 23,860 | |
| 17th month installment | 1% | AED 23,860 | |
| 18th month installment | 1% | AED 23,860 | |
| 19th month installment | 1% | AED 23,860 | |
| 20th month installment | 1% | AED 23,860 | |
| 21st month installment | 1% | AED 23,860 | |
| 22nd month installment | 1% | AED 23,860 | |
| 23rd month installment | 1% | AED 23,860 | |
| 24th month installment | 5% | AED 119,300 | |
| 25th month installment | 1% | AED 23,860 | |
| 26th month installment | 1% | AED 23,860 | |
| 27th month installment | 1% | AED 23,860 | |
| 28th month installment | 1% | AED 23,860 | |
| 29th month installment | 1% | AED 23,860 | |
| 30th month installment | 1% | AED 23,860 | |
| 31st month installment | 1% | AED 23,860 | |
| 32nd month installment | 1% | AED 23,860 | |
| 33rd month installment | 1% | AED 23,860 | |
| 34th month installment | 1% | AED 23,860 | |
| 35th month installment | 1% | AED 23,860 | |
| Upon Handover | as published | 40% | AED 954,400 |
| Total of the plan | 100% | AED 2,386,000 | |
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 2,386,000. Fixed charges are printed as published. Registration with the Land Department is shown separately below.
What each unit size pays at Chelsea Residences 1
The same plan, applied to the starting price Damac publishes for each size in the building.
| Unit | From | On booking (5%) | During construction (55%) | Upon Handover (40%) |
|---|---|---|---|---|
| 1 bedfrom 772 sq ft | AED 2,386,000 | AED 119,300 | AED 1,312,300 | AED 954,400 |
| 2 bedfrom 1,158 sq ft | AED 3,460,000 | AED 173,000 | AED 1,903,000 | AED 1,384,000 |
| 3 bedfrom 2,052 sq ft | AED 5,789,000 | AED 289,450 | AED 3,183,950 | AED 2,315,600 |
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
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 2,386,000 | AED 95,440 |
| 2 bed | AED 3,460,000 | AED 138,400 |
| 3 bed | AED 5,789,000 | AED 231,560 |
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
Chelsea Residences 1 payment plan: questions buyers ask
- What is the payment plan for Chelsea Residences 1?
- Chelsea Residences 1 by Damac is sold on a 5/55/40 plan: 5% on booking, 55% during construction, 40% upon handover, as published by the developer.
- How much is the booking amount for Chelsea Residences 1?
- 5% of the price. On the cheapest unit at AED 2.39M that is AED 119,300.
- How much do I pay before I get the keys to Chelsea Residences 1?
- 100% of the price, the payment due on handover day included. On the cheapest unit at AED 2.39M that is AED 2.39M by handover in Q4 2029.
- Does Chelsea Residences 1 have a post-handover payment plan?
- No. The published plan completes at handover in Q4 2029. If you sell before handover, this is how it works.
- What are the registration fees on Chelsea Residences 1?
- The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 2.39M that is AED 95,440. 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?
- Damac publishes Q4 2029, which is 37 months from now.
Payment plans in Maritime City
- Franck Muller Yachting payment plan
- Chelsea Residences 1 Tower C payment plan
- Hilton Residences payment plan
- Chelsea Residences 2 payment plan
- Anwa Aria payment plan
- Soulever by Beyond payment plan
Damac payment plans
Other Damac payment plans
starting from
AED 2.39M
handover Q4 2029