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 2.4M 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 2.4M that is AED 2.4M 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.

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 2.4M 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 39 months from now.

Damac · Maritime City · handover Q4 2029

Chelsea Residences 1 payment plan

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 2.4M, that is AED 2.4M (100%) paid by handover in Q4 2029. Handover is 39 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 (1–3 BR, AED 2.4M)

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	39

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 Feefee	4%	AED 95,440
During construction55%	Within 1 months after booking	10%	AED 238,600
	Within 3 months after booking	5%	AED 119,300
	8% (1% per month) From 4 to 11 months after booking	8%	AED 190,880
	12th months after booking	5%	AED 119,300
	11% (1% per month) From 13 to 23 months after booking	11%	AED 262,460
	24th months after booking	5%	AED 119,300
	11% (1% per month) From 25 to 35 months after booking	11%	AED 262,460
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 2.4M 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 2.4M that is AED 2.4M 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.
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 2.4M 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 39 months from now.