DAMAC Dubai Payment Plan: The Confirmed Chelsea Residences Structure

Chelsea Residences, DAMAC's Dubai Maritime City address, has a published 60/40 payment plan: 20% at booking, 40 monthly instalments of 1%, and 40% at handover. DAMAC Bay 2's own plan is confirmed by your adviser.

6 November 2026 · By Orven Properties · 4 min read

Pictured: Lagoon Views, DAMAC Lagoons, Dubai

A "DAMAC Dubai payment plan" search generally has one confirmed answer in the Orven collection today: Chelsea Residences, in Dubai Maritime City, with a published 20% booking payment, 40 monthly instalments of 1% each, and 40% due at handover, commonly summarised as 60/40. DAMAC Bay 2, the developer's other Dubai Harbour address in the collection, has its own plan confirmed directly by your adviser.

The Chelsea Residences schedule in detail

According to the developer brochure provided to Orven on 17 September 2026, subject to availability: 20% is due at reservation, followed by 40 instalments of 1% each spread from month 3 to month 42, and a final 40% at handover. The 4% DLD registration fee is due in addition to the deposit, not deducted from it. Estimated completion (ACD) is December 2029, per the brochure, verified 17 September 2026; DAMAC's own project page was not accessible for automatic verification at that time.

Why this counts as a 60/40 plan

Adding the 20% booking payment to the 40 monthly instalments of 1% gives 60% paid before handover, with the remaining 40% due on delivery, which is why brokers commonly describe this structure as 60/40 even though the monthly schedule is broken into small steps rather than one lump sum.

Chelsea Residences published prices, for reference

Typology	Starting price
1-bedroom	AED 2.17 million
2-bedroom	AED 3.13 million
3-bedroom	AED 4.94 million

Figures from the developer brochure provided to Orven on 17 September 2026, subject to availability.

DAMAC Bay 2: a different address, a different plan

DAMAC Bay 2, the Cavalli-branded address at Dubai Harbour, is a separate project from Chelsea Residences, developed in a different district and marketed around a different design identity, and its payment plan is not detailed in the same brochure. Rather than assume the 60/40 Chelsea structure carries over automatically, your adviser confirms DAMAC Bay 2's current terms directly with DAMAC before you compare the two.

What the escrow system guarantees regardless of the plan

Every instalment under the Chelsea Residences plan, like any off-plan payment in Dubai, is routed into a Dubai Land Department-controlled escrow account rather than paid directly to DAMAC, regardless of how many months the schedule is spread across. Construction progress can be tracked through the DLD's Project Status Enquiry service, and registration for the sale is handled through the Oqood system.

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Financing alongside the DAMAC plan

Bank financing is possible for certain non-residents, always subject to the lender's own approval, and can be used to cover part of the monthly 1% instalments or the 40% handover balance, depending on your adviser's assessment of your situation and your overall budget plan. No bank or rate is confirmed specifically for Chelsea Residences.

Why the 42-month instalment window matters

Spreading 40% of the price across 40 monthly payments of 1% each, from month 3 to month 42, gives a buyer a longer runway than a plan concentrated into two or three large milestones. This matters for a buyer paying from monthly income or rental proceeds elsewhere rather than from a single lump sum, since the Chelsea Residences structure spreads the bulk of the pre-handover payment across more than three years rather than requiring it upfront.

Golden Visa relevance

All three published Chelsea Residences typologies, from AED 2.17 million for a one-bedroom, clear the AED 2 million threshold that can open a Golden Visa application, subject to conditions confirmed with the authorities.

Next step

If the 60/40 structure and the published Chelsea Residences prices fit your budget, your adviser can confirm current unit availability by typology; if DAMAC Bay 2 is the stronger location fit, ask for its current plan and price directly.

Our Chelsea Residences 60/40 payment plan guide and our Chelsea Residences prices by unit type guide break down both figures in more depth.

Message an Orven adviser on WhatsApp at +971 52 776 1939 or email sales@orvenproperties.com with your target typology, or browse current DAMAC listings through find your home.

FAQ

What is DAMAC's payment plan at Chelsea Residences? 20% at reservation, 40 monthly instalments of 1% each from month 3 to month 42, and 40% at handover, a structure commonly summarised as 60/40.

Does DAMAC Bay 2 follow the same 60/40 plan? Not confirmed. DAMAC Bay 2 is a separate project, and its specific payment plan is confirmed directly by your adviser.

When is Chelsea Residences expected to be delivered? December 2029, an estimated completion date (ACD) from the developer brochure, verified 17 September 2026.

Is the 4% DLD fee included in the 60% or the 40%? Neither. It is due in addition to the deposit, as a separate registration cost confirmed in the brochure.