Chelsea Residences: the 60/40 payment plan month by month
How the 60/40 payment plan for Chelsea Residences breaks down for 1, 2 and 3 bedroom apartments, from the 20% reservation deposit to the 40 monthly instalments and the handover balance, plus DLD fees.
A 60/40 plan spread over 42 months
Chelsea Residences by DAMAC is sold against a published brochure payment plan: 20% at reservation, 40 monthly instalments of 1% each from month 3 to month 42, and the remaining 40% on the anticipated handover date. Add the monthly instalments to the deposit and you reach 60% paid before the keys change hands, hence the "60/40" shorthand. The figures below come from the DAMAC brochure shared by Orven on 17 September 2026, subject to availability; the developer's own project page was not accessible for independent verification at the time of writing.
This structure suits a buyer who wants to spread the bulk of the price over more than three years rather than concentrate it in two or three large construction milestones, which is how some other off-plan projects in our selection are structured. Treat every figure below as a starting point for the tower and unit you are considering; your adviser confirms the exact schedule and current price list before you reserve.
The published brochure prices, by unit type
| Unit type | Brochure starting price |
|---|---|
| 1 bedroom | AED 2.17 million |
| 2 bedroom | AED 3.13 million |
| 3 bedroom | AED 4.94 million |
These are DAMAC's brochure starting prices, subject to availability, not the price of any specific unit today. The Chelsea Residences guide sets out the full published unit range, including the Legends Collection.
Reservation: 20% deposit, by unit type
The reservation payment is 20% of the brochure starting price. On a rounded basis: a 1 bedroom unit calls for roughly AED 434,000 at reservation, a 2 bedroom roughly AED 626,000, and a 3 bedroom roughly AED 988,000. This is a simple arithmetic reading of the brochure price, not a quote; your adviser sends the exact reservation amount for the specific unit you choose, since price varies by floor, view and release.
The 40 monthly instalments, month 3 to month 42
After reservation, the brochure calls for 40 monthly instalments of 1% of the price each, starting in month 3 and running through month 42. On a 1 bedroom unit at AED 2.17 million, 1% is roughly AED 21,700 a month, for a running total of roughly AED 868,000 across the 40 instalments, the 40% construction portion of the plan. On a 2 bedroom at AED 3.13 million, each instalment is roughly AED 31,300; on a 3 bedroom at AED 4.94 million, each instalment is roughly AED 49,400. Set up a standing reminder or a recurring transfer with your bank for this window, since missing an instalment on an off-plan contract can trigger penalties set out in the sale agreement, not by Orven.
The 40% due on handover
The remaining 40% of the brochure price is due at the anticipated completion date, published in the brochure as December 2029. On the same rounded basis, that is roughly AED 868,000 for a 1 bedroom, AED 1,252,000 for a 2 bedroom, and AED 1,976,000 for a 3 bedroom. Because the handover date is described as anticipated rather than guaranteed on every point, ask your adviser how the sale agreement treats a delay before you sign.
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DLD fees and other costs to plan for
On top of the brochure price, the Dubai Land Department registration fee applies at 4% of the price, in addition to the deposit rather than instead of it. There is also the Oqood registration for the off-plan sale itself, a fixed fee confirmed in the contract. On a 1 bedroom unit, 4% of AED 2.17 million is roughly AED 86,800; scale the same 4% to whichever unit type you are budgeting for. Every payment, the reservation, the 40 instalments and the handover balance, is wired to an escrow account controlled by the Dubai Land Department, and you can check the project's registration through the DLD's Project Status Enquiry service. Bank financing for part of the price is possible for some non-residents, always subject to the lender's approval, never assumed in advance.
Preparing your wire transfers
Because the plan runs 42 months, the practical part of preparing for it is less about the total price and more about setting up a repeatable process. Confirm with your bank which corridor it uses for transfers to a UAE escrow account, ask what source-of-funds documentation it requires for each transfer rather than only the first one, and keep a simple spreadsheet of due dates so a monthly 1% instalment never arrives late because of a bank holiday on either side. If your investment reaches the AED 2 million threshold, the Golden Visa becomes a question worth raising with your adviser, subject to the conditions set by the relevant authorities. For the full published detail on the district around Chelsea Residences, read the Dubai Maritime City district guide; the current unit selection is on the Chelsea Residences project page.
To start, send your target unit type and budget on WhatsApp to +971 52 776 1939, or by email to sales@orvenproperties.com, and your adviser replies with the exact schedule for the units currently available.
FAQ
Is the 60/40 plan the same for every Chelsea Residences tower? The brochure shared by Orven describes a 20% deposit, 40 monthly instalments of 1%, and a 40% handover balance. Since Chelsea Residences 2 adds towers A, B and C, confirm with your adviser that the schedule applies to the specific tower and release you are considering.
What happens if I miss a monthly instalment? The sale agreement, not this guide, sets out the penalties for a late instalment. Ask your adviser to walk through the relevant clause before you sign, and set up a recurring transfer so this does not become an issue.
Are the prices in this guide guaranteed? No. They come from DAMAC's brochure, shared by Orven on 17 September 2026, and are subject to availability. Your adviser confirms the current price of the specific unit before you reserve.
Does the 4% DLD fee replace part of the deposit? No. It is charged in addition to the 20% deposit, not deducted from it.
Can I finance part of the plan through a bank? Bank financing for part of the price is possible for some non-residents, always subject to the lender's approval. Discuss it with your adviser early, since it can affect how you time the monthly instalments.
ORVEN PROPERTIES
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Leave your number: an adviser calls you back or replies on WhatsApp, in your language. No commitment.
Frequently asked questions
Is the 60/40 plan the same for every Chelsea Residences tower?
The brochure shared by Orven describes a 20% deposit, 40 monthly instalments of 1%, and a 40% handover balance. Since Chelsea Residences 2 adds towers A, B and C, confirm with your adviser that the schedule applies to the specific tower and release you are considering.
What happens if I miss a monthly instalment?
The sale agreement, not this guide, sets out the penalties for a late instalment. Ask your adviser to walk through the relevant clause before you sign, and set up a recurring transfer so this does not become an issue.
Are the prices in this guide guaranteed?
No. They come from DAMAC's brochure, shared by Orven on 17 September 2026, and are subject to availability. Your adviser confirms the current price of the specific unit before you reserve.
Does the 4% DLD fee replace part of the deposit?
No. It is charged in addition to the 20% deposit, not deducted from it.
Can I finance part of the plan through a bank?
Bank financing for part of the price is possible for some non-residents, always subject to the lender's approval. Discuss it with your adviser early, since it can affect how you time the monthly instalments.
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