# Chelsea Residences By Damac

Chelsea Residences By Damac is a project by Damac Crest Development L.L.C, recorded at 5% complete at its last Dubai Land Department inspection. 119 sales registered in the trailing 12 months at a median AED 3.29M (3 055 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 | 30 Apr 2025 | DLD verified |
| Construction started | 19 Jul 2025 | DLD verified |
| Declared completion | 31 Dec 2029 | DLD verified |
| Units in the project | 703 | DLD verified |
| Project area | 63 604 sqm | DLD verified |
| Escrow agent | Dubai Islamic Bank (Public Joint Stock Company) | DLD verified |
| Project number | 3719 | DLD verified |

Chelsea Residences By Damac is a project by Damac Crest Development L.L.C, recorded at 5% complete at its last Dubai Land Department inspection. 119 sales registered in the trailing 12 months at a median AED 3.29M (3 055 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 3.29M | +29.5% |
| Interquartile range | AED 2.48M – AED 4.62M | |
| Median price per sqft | 3 055 AED | +3.6% |
| Registered sales, 12 months | 119 | -43.1% |
| 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 | 58 | AED 2.48M | 3 194 | 774 sqft | — | — |
| 2-bedroom apartments | 48 | AED 4.48M | 2 936 | 1 575 sqft | — | — |
| 3-bedroom apartments | 13 | AED 5.57M | 2 719 | 2 049 sqft | — | — |

## Price per square foot by month

| Month | Sales | Median AED/sqft | IQR |
|---|---|---|---|
| Sep 2026 | 29 | 3 205 | 3 199 – 3 258 |
| Aug 2026 | 2 | insufficient data | |
| Jul 2026 | 2 | insufficient data | |
| Jun 2026 | 5 | 2 965 | 2 762 – 3 001 |
| May 2026 | 1 | insufficient data | |
| Apr 2026 | 4 | insufficient data | |
| Mar 2026 | 4 | insufficient data | |
| Feb 2026 | 12 | 2 967 | 2 881 – 3 121 |
| Jan 2026 | 2 | insufficient data | |
| Dec 2025 | 8 | 3 064 | 3 028 – 3 100 |
| Nov 2025 | 24 | 2 946 | 2 875 – 3 059 |
| Oct 2025 | 26 | 3 064 | 2 861 – 3 170 |
| Sep 2025 | 56 | 2 978 | 2 867 – 3 063 |

## 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-by-damac/  
**Suggested citation:** Continental Club Property, "Chelsea Residences By Damac", Dubai Data, data through 22 Oct 2026, https://datadubai.ae/projects/chelsea-residences-by-damac/  
**Disclaimer:** Registered transactions, not asking prices. Not investment advice, not a valuation. Not affiliated with or endorsed by the Dubai Land Department.