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Downtown Dubai

VOLTA

2 BR · Apartment

What the seller states

Floor
(10-20)
View
Sea
Balcony
Yes

Details as stated by the seller for this specific unit — not characteristics of the building.

Payment plan

Payment plan for the unit
The seller’s own schedule for this unit. Fees and instalments are as stated by them and are confirmed at the deal.

About the building

63-storey residential building in Downtown Dubai. Developer — Damac Properties.

Specifications for Volta by Damac per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.

Where it is

Downtown Dubai

The Burj Khalifa district — the most recognisable address in the emirate and the densest piece of it.

  • short-let income
  • a landmark address
  • fast resale

What to check: The service charge here is among the highest in Dubai and in older towers it has climbed faster than rent. Calculate your yield after the charge, not before, and ask for three years of charge history before making an offer.

Full district guide →

Questions and answers about lot NP2-499587

How much is this 2-bedroom apartment in VOLTA?

Lot NP2-499587 is priced at AED 2 800 000, about $762 000. The size is 1 426 sq ft (132 m²), which works out at AED 1 964 per sq ft.

How much has the price of this lot been cut?

The price before the cut was AED 3 364 400; it is now AED 2 800 000 — AED 564 400 less, or 17%.

How does this price compare with other lots in VOLTA?

The database holds 2 lots in VOLTA right now, from AED 2 800 000 to AED 2 980 000. 2 of them share this type and bedroom count: this lot is the cheapest.

Is this expensive or cheap for Downtown Dubai?

The database holds 162 lots in Downtown Dubai. The area median is AED 3 538 per sq ft; this lot is at AED 1 964. A gap that wide usually means an error in the listing rather than a real price difference — I will check it when you ask. 35 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.

Downtown Dubai area guide →

Is the property ready or still under construction?

The handover date in the listing is Q1 2028. Until then payments follow the developer's payment plan. The date comes from the seller and is checked against the sale agreement before a deal.

Can I get a mortgage on this lot while it is still under construction?

During construction the buyer pays the developer under the payment plan — UAE banks grant standard mortgages on ready homes. A loan is possible for the final payment, once the property has its completion certificate.

Mortgage for the final payment →

What costs come on top of the price?

The main one is the Dubai Land Department registration fee: 4% of the price, AED 112 000 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.

Does buying this lot qualify for a UAE residence visa?

On price, yes: the 10-year Golden Visa is granted for property from AED 2 000 000, and this lot is priced at AED 2 800 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.

Golden Visa and residence visas →

What is known about VOLTA?

The building has 63 floors. The developer is Damac. Figures are from the project passport: Propsearch and the Dubai Land Department.

VOLTA project page →

What does the seller say about the property itself?

From the listing: floor — (10-20); view — Sea. The seller's wording is quoted as is.

How do I view the property and get the exact address?

Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP2-499587 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.

Video

Video: VOLTA

Reviews from the English YouTube channel — each one with a written breakdown on this site.

Handover payment

A mortgage covers the final instalment

The final payment on this building falls in 2028 — under off-plan plans that is 40–60% of the price in one go. A UAE bank closes it: the flat becomes the security, and nothing is added on top of what the developer has already been paid.

  • Up to 80% of the appraised value, no extra down payment
  • 3.99% fixed for three years, up to 25 years in term
  • 6–12 months before the keys — the bank wants six months of income history

Already been invoiced, or missed the date? That is not a dead end either — write and we will look at what the developer will accept.

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