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PAYMENT PLAN
UNIT PRICE | AED 2,980,000 |
PAYMENTS ON TRANSFER
1. Payment to seller | AED 308,850 |
2. DLD Transfer fee 4% + 40 AED | AED 119,240 |
3. DLD Registration Trustee fee + 5% VAT | AED 5,250 |
4. Buyer's agent commission 2% + 5% VAT | AED 62,580 |
PAYMENT PLAN SCHEDULE
27-MAR-2026 | AED 195,450 |
27-JUN-2026 | AED 195,450 |
27-SEP-2026 | AED 195,450 |
27-DEC-2026 | AED 195,450 |
27-MAR-2027 | AED 195,450 |
27-JUN-2027 | AED 195,450 |
27-SEP-2027 | AED 195,450 |
On Handover | AED 1,303,000 |
SUMMARY
Total on Transfer | AED 495,920 |
Total remaining Payment Plan | AED 2,671,150 |
TOTAL COST FOR BUYER | AED 3,167,070 |
PROJECT DESCRIPTION
OVERVIEW
Volta by Damac is a residential skyscraper currently under development in Downtown Dubai, United Arab Emirates. The project forms part of the wider Burj Khalifa district within the Downtown Dubai master community, one of the primary mixed use urban centres in the city. The tower is being developed by Damac Properties through its subsidiary Damac CSL Investment. According to project documentation, the development consists of a 63 storey tower with one basement level primarily allocated for parking and building services.
LOCATION & TRANSPORT
Downtown Dubai is widely regarded as the commercial and tourism heart of the city. Developed by Emaar Properties as the master developer, the community contains some of the most prominent landmarks in the Middle East including the Burj Khalifa, Dubai Mall, Dubai Opera and the Dubai Fountain complex. The district combines residential towers, hotels, retail centres and entertainment facilities within a dense mixed use urban environment. Volta by Damac forms part of this urban cluster and benefits from the infrastructure and services already established in the surrounding area.
AMENITIES & SURROUNDING
The immediate surroundings of the development contain an extensive range of retail, dining and leisure infrastructure. Dubai Mall located nearby is one of the largest retail complexes in the world and includes hundreds of shops, restaurants, cinemas and entertainment venues such as Dubai Aquarium. Bay Avenue Mall and Park lies less than one kilometre away and provides neighbourhood retail and dining services focused toward nearby residential towers and office workers in Business Bay. Green and recreational spaces within a short distance include Bay Avenue Park and City Walk Central Park.
MARKET
The development comprises a mix of residential apartment layouts including one bedroom, two bedroom, three bedroom and four bedroom units along with a selection of penthouses located in upper levels of the tower. The structure consists of sixty three above ground floors with a single basement level that accommodates vehicle parking facilities and building infrastructure systems. The building is classified as a high rise residential tower and forms part of the continuously expanding central skyline of Downtown Dubai. Initial sales launches indicated starting prices from approximately AED 1700000 for entry level units during the early phase of the project marketing cycle. The developer introduced an installment based payment structure that required 80 percent of the purchase price to be paid during the construction period and the remaining 20 percent on completion and handover of the residential units.
CONCLUSION
The development comprises a mix of residential apartment layouts including one bedroom, two bedroom, three bedroom and four bedroom units along with a selection of penthouses located in upper levels of the tower. The structure consists of sixty three above ground floors with a single basement level that accommodates vehicle parking facilities and building infrastructure systems. The building is classified as a high rise residential tower and forms part of the continuously expanding central skyline of Downtown Dubai.