1BR in Volta Tower, Downtown Dubai, 2.7% Below OP, Floor 30+, Burj Khalifa View

Property Overview

A 1BR apartment in Volta Tower by DAMAC Properties, Downtown Dubai, offered at AED 2,200,000. The unit is 688.78 sqft at AED 3,194 per sqft, located on floor 30+ with Burj Khalifa views. The asking price is 2.7% below the original purchase price of AED 2,260,000, a saving of AED 60,000. Off-plan assignment with an 80/20 payment plan and handover scheduled for Q2 2028.

Property Highlights

• Type: Apartment, 1 bedroom
• Size: 688.78 sqft
• Asking price: AED 2,200,000 (AED 3,194/sqft)
• Original price: AED 2,260,000 (AED 3,281/sqft)
• Discount: 2.7% below OP (AED 60,000 saving)
• Floor: 30+
• View: Burj Khalifa
• Unit series: 02
• Payment plan: 80/20
• Handover: Q2 2028

Why the Price Qualifies as Below OP

The agent states an original purchase price of AED 2,260,000. At the asking price of AED 2,200,000, the buyer saves AED 60,000, a discount of 2.7%. The agent describes this as a distress deal with a motivated seller.

The discount is minimal. However, the unit's floor 30+ position and Burj Khalifa view orientation (02 series) command a premium over lower-floor and community-view units in the same building.

Competing Listings: Important Context

Active 1BR listings in Volta Tower are available at significantly lower prices:

• 692 sqft, floor 21, unspecified view: AED 1,882,000 (AED 2,719/sqft)
• 699 sqft, low floor, community view: AED 1,950,000 (AED 2,790/sqft)

A DLD transaction in July 2026 recorded a 692 sqft 1BR at AED 1,977,000.

This listing at AED 2,200,000 carries a premium of AED 250,000 to AED 318,000 over these alternatives. The premium is attributable to the higher floor (30+ vs 21 or below) and Burj Khalifa view (vs community or unspecified view). Whether this premium is justified depends on the buyer's view preference. Buyers seeking value in Volta without a specific view requirement can access 1BR units from approximately AED 1,882,000.

About Volta Tower

Volta is a 60-storey residential tower by DAMAC Properties, located along Sheikh Zayed Road in Downtown Dubai. The tower comprises 1 to 4 bedroom apartments, with 1 and 2 bedroom units on levels 2 to 48 and larger units on levels 49 to 58. The project is sold out at developer level with launch prices that started from AED 2,496,000 for the larger 1BR layout (1,030+ sqft).

1BR unit sizes in Volta come in two layout ranges: the smaller layout at approximately 688-699 sqft and the larger layout at 1,030-1,073 sqft. This listing is the smaller layout type.

DAMAC Properties is one of Dubai's largest developers with an extensive portfolio of residential towers, branded residences and master-planned communities. DAMAC projects have historically experienced delivery delays of 6 to 12 months beyond SPA completion dates. The Q2 2028 handover should be treated as indicative rather than guaranteed.

Payment Plan and Handover

The payment plan is 80/20: 20% booking deposit, 60% during construction and 20% on handover. Handover is scheduled for Q2 2028 (May 2028). Buyers should verify the exact payment schedule, amounts paid to date and remaining installments through the SPA before proceeding with this assignment.

Location and Connectivity

Volta Tower is positioned along Sheikh Zayed Road with proximity to The Dubai Mall, City Walk and Dubai International Airport (approximately 15-20 minutes). The Downtown Dubai location offers access to the Burj Khalifa district, DIFC and Business Bay within minutes.

Verification Notes

• The asking price of AED 2,200,000, original price of AED 2,260,000, size of 688.78 sqft, floor 30+, 02 series, Burj Khalifa view, 80/20 payment plan and Q2 2028 handover are from the agent brief.
• Price per sqft (AED 3,194), savings amount (AED 60,000) and savings percent (2.7%) are calculated from stated figures.
• The discount from OP is only 2.7%, which is minimal for a distress classification.
• Active 1BR listings in Volta are available from AED 1,882,000 (692 sqft, floor 21). A July 2026 DLD transaction recorded AED 1,977,000 for 692 sqft. These are significantly cheaper, though on lower floors with different views.
• DAMAC handover dates are indicative. Historical delays of 6-12 months are common.
• Buyers should verify the SPA, payment schedule, amounts paid, remaining installments and assignment transfer fees before proceeding.