Palm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO OCT 2026
SoldDISTRESS DEAL: 2-BR IN VOLTA — distress deal in Downtown Dubai from Mitchell's Commercial Real EstateVOLTA · Downtown Dubai

DAMAC · Downtown Dubai

DISTRESS DEAL: 2-BR IN VOLTA

Asking price as listedAED 2,980,000,AED 2,107 per sq.ft
Original price + DLDAED 3,604,973
DiscountAED 624,97317.3% below original price
Unit
2-BR
Size
1,414 sq.ft
Developer
DAMAC
Handover
Q2 2028

The discount is measured against the original price + DLD recorded for this unit, not against a valuation.

Sold
Listed 13 March 2026Status confirmed 17 September 2026

This unit has sold. The page is kept as a record of a deal we transacted. Every figure on it — the asking price, the discount to original price and the payment schedule — is the position as listed on 13 March 2026 and is historic. It is not an indication of what the same unit, or a comparable one, would cost today.

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Payment breakdown

Total cost for buyer, as listedAED 3,186,523The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 2,980,000
Fees and commissionAED 206,523
Step 01Due at transferAED 2,019,973Payable when the unit transfers to the buyer.
  • Payment to sellerAED 1,813,450
  • DLD Transfer fee 4% of original price + 40 AEDAED 138,693
  • DLD Registration Trustee fee + 5% VATAED 5,250
  • Buyer's agent commission 2% + 5% VATAED 62,580
  • Total on transferAED 2,019,973
Step 02Payable to DAMAC after transferAED 1,166,550The balance of the payment plan, which the buyer takes over.
  • 27-SEP-2026AED 99,990
  • 27-DEC-2026AED 99,990
  • 27-MAR-2027AED 99,990
  • 27-JUN-2027AED 99,990
  • 27-SEP-2027AED 99,990
  • On HandoverAED 666,600
  • Total remaining payment planAED 1,166,550

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Floor plan

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Floor plan

Floor plan for DISTRESS DEAL: 2-BR IN VOLTA

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

This is a two-bedroom apartment in Volta by DAMAC, offered as a distress deal at AED 2,980,000. The unit measures 1,414 sq.ft, sits in the floor band between levels 20 and 25, faces the Burj Khalifa and has a balcony. The original price, including the 4% DLD fee, was AED 3,604,973, so the asking price represents a reduction of AED 624,973, or 17.3% below original price. On built-up area that is an entry basis of AED 2,107 per square foot. Handover is stated as Q2 2028, and a staged payment plan runs to completion. Volta itself is a residential skyscraper under construction in Downtown Dubai, 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 allocated principally to 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 forms part of this urban cluster and benefits from the infrastructure and services already established in the surrounding area, with road access toward Business Bay, Sheikh Zayed Road and the wider city network.

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 aimed at nearby residential towers and at office workers in Business Bay. Green and recreational spaces within a short distance include Bay Avenue Park and City Walk Central Park. The tower is classified as a high-rise residential building and forms part of the continuously expanding central skyline of Downtown Dubai.

MARKET

The arithmetic of this deal rests on three published figures: an original price of AED 3,604,973 including the 4% DLD fee, an asking price of AED 2,980,000, and a reduction of AED 624,973, which is 17.3%. The buyer's total commitment is not the asking price alone. AED 2,019,973 falls due on transfer, made up of AED 1,813,450 to the seller, AED 138,693 in DLD transfer fees calculated at 4% of the original price plus AED 40, AED 5,250 in trustee office fees and AED 62,580 in agency commission at 2% plus VAT. A further AED 1,166,550 remains outstanding to the developer, payable in five quarterly instalments of AED 99,990 from September 2026 to September 2027 and a final AED 666,600 on handover. Total cost to the buyer is therefore AED 3,186,523. The front-loaded structure is the feature to weigh: roughly two-thirds of the money is due at transfer rather than spread across the construction period, so this suits a buyer with capital available now rather than one relying on a long instalment runway.

CONCLUSION

The case here is a Downtown Dubai address with a Burj Khalifa outlook, bought 17.3% below the original price on a mid-to-high floor of a DAMAC tower with a stated Q2 2028 handover. The discount is real and sourced, but it is quoted against original price plus DLD rather than against current market evidence, and the distinction matters when the building is still under construction. A buyer should also read the payment profile carefully, because the sum due at transfer is substantially larger than the balance owed to the developer. We will verify the outstanding instalments, the transfer costs and the seller's circumstances directly with the source before proceeding.

Location

VOLTA — Downtown Dubai

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Illustrative model

Scenario modeller

Set your own assumptions and see how DISTRESS DEAL: 2-BR IN VOLTA behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.

Purchase

The price you are considering.

Drives the service charge only.

Rent and service charge both start here.

Holding & income

Your figure. We have not assumed one.

0% holds rent flat. It may be negative.

Your figure — we publish none. A month vacant plus re-letting time is roughly 8%, if that fits your building.

Your figure — we publish none. Letting fees and routine repairs.

Your figure — we publish none. Look your building up on Mollak — rates run AED 3 to AED 30+.

Acquisition costs

4% is the Dubai standard.

Buyer-side. 5% VAT added.

Your figure — we publish none. The trustee tariff is tiered and the admin lines vary by office; ask your trustee office for the total, and add your NOC and any legal quote.

Exit

1 to 40 years.

0% by default: we publish no price forecasts.

5% VAT added automatically.

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Every figure recalculates as you type. Use the price you are considering.

Method
Handover
The date the unit is handed over, set in quarters from purchase. Gross rent, the vacancy allowance, maintenance and management, and the service charge all start there and not before — an unbuilt unit cannot be let and is not billed. The year handover falls in gets the exact fraction it is entitled to, not a rounded whole year. Capital growth is not treated this way: it compounds from today across the whole hold, because an off-plan unit can be sold before it completes. Where the holding period ends before handover, there is no operating income anywhere in the schedule and the whole return is capital movement less costs.
Gross yield
Gross annual rent ÷ purchase price. Before every cost. Where handover is in the future this is a stabilised full year from handover — a rate on the price, not a figure reduced by the construction period. The schedule shows what each year actually books.
Net yield
(Rent collected after the vacancy allowance − maintenance and management − service charge) ÷ purchase price. Stabilised on the same basis as the gross yield.
Rent growth
Compound annual movement in gross rent, applied from handover and stepping at each anniversary of it, which is when a tenancy renews. It may be negative. It does not touch the service charge, which is held flat in nominal terms.
ROI
Total profit over the whole hold ÷ total cash invested (price + all acquisition costs). Unlevered. Not an annual rate.
ROE
Total profit over the whole hold ÷ equity contributed (deposit + all acquisition and finance costs), after debt service. Levered. Not an annual rate.
Cash-on-cash return
Year-one operating cash flow, after debt service where there is a mortgage, ÷ cash invested. Reported separately from ROI/ROE and never merged with it. Year one means the first year of the schedule as it stands: where that year falls before handover it carries no rent, so on a mortgaged off-plan purchase the figure is negative — that is the year you fund out of pocket, and it is shown rather than smoothed away.
IRR
The annualised rate that discounts the dated cash-flow schedule above to a net present value of zero, solved numerically. Where the schedule has no sign change, or the solver does not converge on a single meaningful rate, we print “—” rather than substitute a simpler annualised-return figure.

An illustrative model, not a forecast, a valuation, an offer or investment advice. Every figure is generated from the assumptions on this page — some yours, the rest stated defaults, not promises. Rents, service charges, fees, vacancy, handover dates, financing terms and sale prices vary by unit and over time; past prices are not a guide to future prices. Returns are not guaranteed and capital is at risk.

Mortgage availability, loan-to-value, rate and term are subject to lender criteria and underwriting; nothing here indicates that finance will be offered. Figures exclude any tax payable in your country of residence — take independent financial, tax and legal advice before committing. Mitchell's Commercial Real Estate is a trading brand; the RERA-licensed broker is Stephen James Mitchell, BRN 68593.

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A discounted unit is bought the same way any other is. The questions are just sharper. These are our own guides and articles on buying from overseas, taking on a resale or an off-plan assignment, and what the purchase costs.

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