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DLD · MEDIAN 12M TO JUL 2026
DISTRESS DEAL: 4-BR IN VOLTA

Distress Deal

DISTRESS DEAL: 4-BR IN VOLTA

Asking PriceAED 2,980,000
Below Original Price56.0%
Size2310 sq.ft
Bedrooms4
Price / Sq.FtAED 1,290
HandoverQ2 2028
Sold
Listed 13 March 2026Status confirmed 3 August 2026

This unit has sold and is no longer available. 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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The numbers

Payment breakdown

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

Distress Deal

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.

Illustrative model

Scenario modeller

Set your own assumptions and see how DISTRESS DEAL: 4-BR IN VOLTA behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.

Purchase

The price you are actually 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.

8% is roughly a month plus re-letting.

Letting fees and routine repairs.

Replace with the building's own schedule.

Acquisition costs

4% is the Dubai standard.

Buyer-side. 5% VAT added.

Trustee, title deed, NOC.

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 actually considering.

How each figure is calculated
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 Realty is a trading brand; the RERA-licensed entity is The Luxury Real Estate Brokers LLC.

Location

VOLTA — Downtown Dubai

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