The Gunners are two points clear of Manchester United and the Spaniard believes his young team-mates have what it takes to pip United to the trophy.
"Even though we are still young we have shown all the world what we can do. We have had to learn, to be patient, and now we have taken our chance.
"Apart from William Gallas and Manuel Almunia everyone is 20, 22 and 24 - there's a good mix of youngsters and players with experience.
"Everyone is happy, everyone is working hard, we are consistent and that's really important for a team like us."
Chelsea, who are just six points behind the Gunners, are within touching distance of the top two.
And Fabregas insists it is not a two-horse race for the title, warning his team-mates they ignore the Blues at their peril.
"They are in a good position because no-one talks about them but they play and they win.
"Maybe they're not playing as well as they can but they're winning 1-0, 2-1 and that's what makes the difference at the end of the season.
"We'll see what happens but I'm sure they'll be there at the end.
"United have a very strong team and we know that they don't lose or very rarely so we have to remain really good until the end of the championship."