# Chelsea Residences 2 By Damac

Chelsea Residences 2 By Damac is a project by Damac Crest Development L.L.C, recorded at 5% complete at its last Dubai Land Department inspection. 394 sales registered in the trailing 12 months at a median AED 2.63M (3 203 AED per square foot). Registry facts come from DLD; prices are registered transactions, not asking prices.

## Registry record

| Field | Value | Provenance |
|---|---|---|
| Developer | Damac Crest Development L.L.C | DLD verified |
| Status | Active | DLD verified |
| Construction progress | 5% | DLD verified |
| Registered with DLD | 12 May 2025 | DLD verified |
| Construction started | 29 Sep 2025 | DLD verified |
| Declared completion | 31 Dec 2029 | DLD verified |
| Units in the project | 958 | DLD verified |
| Project area | 83 443 sqm | DLD verified |
| Escrow agent | Abu Dhabi Commercial Bank | DLD verified |
| Project number | 3743 | DLD verified |

Chelsea Residences 2 By Damac is a project by Damac Crest Development L.L.C, recorded at 5% complete at its last Dubai Land Department inspection. 394 sales registered in the trailing 12 months at a median AED 2.63M (3 203 AED per square foot). Registry facts come from DLD; prices are registered transactions, not asking prices.

| Measure | Value | Year on year |
|---|---|---|
| Median sale price | AED 2.63M | +4.5% |
| Interquartile range | AED 2.49M – AED 2.85M | |
| Median price per sqft | 3 203 AED | +0.8% |
| Registered sales, 12 months | 394 | -17.7% |
| Off-plan share | 100.0% | |

## By number of bedrooms

| Homes | Sales | Median price | Median AED/sqft | Median size | Median rent | Gross yield |
|---|---|---|---|---|---|---|
| 1-bedroom apartments | 350 | AED 2.59M | 3 220 | 776 sqft | — | — |
| 2-bedroom apartments | 32 | AED 4.66M | 2 847 | 1 663 sqft | — | — |
| 3-bedroom apartments | 12 | AED 5.64M | 2 744 | 2 045 sqft | — | — |

## Price per square foot by month

| Month | Sales | Median AED/sqft | IQR |
|---|---|---|---|
| Aug 2026 | 7 | 3 241 | 3 163 – 3 246 |
| Jul 2026 | 6 | 2 986 | 2 927 – 3 003 |
| Jun 2026 | 7 | 2 995 | 2 929 – 3 094 |
| May 2026 | 8 | 3 174 | 3 041 – 3 421 |
| Apr 2026 | 26 | 3 289 | 2 979 – 3 423 |
| Mar 2026 | 26 | 3 180 | 3 086 – 3 472 |
| Feb 2026 | 36 | 3 219 | 3 202 – 3 351 |
| Jan 2026 | 20 | 3 223 | 3 038 – 3 467 |
| Dec 2025 | 35 | 3 261 | 3 041 – 3 436 |
| Nov 2025 | 89 | 3 188 | 3 020 – 3 271 |
| Oct 2025 | 130 | 3 205 | 3 022 – 3 340 |
| Sep 2025 | 217 | 3 173 | 3 054 – 3 293 |
| Aug 2025 | 139 | 3 214 | 3 067 – 3 339 |

## What these numbers do not show

- Prices from the developer. Nothing here is a price list, a payment plan or availability — these are transactions already registered with DLD.
- Whether construction is moving. The completion percentage is the figure recorded at the last technical inspection, and inspections are irregular: an unchanged number does not mean work stopped.
- A handover promise. The declared completion date is a registry field, not a commitment.
- Asking prices. Everything here is a registered transaction; what a home was listed at is a different number.
- Off-market and cash-equivalent deals that never reach the registry, and the price actually negotiated before registration.
- Service charges, chiller fees, agency commission, DLD transfer fees or mortgage costs — none of them are inside these prices.

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**Source:** Dubai Land Department open data, compiled by Continental Club Property  
**Data through:** 22 Oct 2026  
**Methodology:** https://datadubai.ae/methodology/ (v1.0)  
**License:** Reuse permitted with attribution  
**Canonical:** https://datadubai.ae/projects/chelsea-residences-2-by-damac/  
**Suggested citation:** Continental Club Property, "Chelsea Residences 2 By Damac", Dubai Data, data through 22 Oct 2026, https://datadubai.ae/projects/chelsea-residences-2-by-damac/  
**Disclaimer:** Registered transactions, not asking prices. Not investment advice, not a valuation. Not affiliated with or endorsed by the Dubai Land Department.