VOLTA RESIDENCES by Damac Properties in Downtown Dubai, Dubai

Volta Residences by Damac Properties

Damac Properties has unveiled its new project, Volta Residences in Dubai, UAE. The building is being constructed in the central district of Downtown Dubai. The project is scheduled to be commissioned in Q2 2028.

The new complex is a high-rise tower consisting of:

The first floor that features a lobby with 4.

9-meter ceilings, a concierge desk, lounge areas, and a climbing wall
Amenities Floor
59 residential floors
Rooftop with a swimming pool and a garden.

A separate building will adjoin the tower, comprising a first floor with a lobby, a 13-story podium, and a rooftop with a garden and amenities.

The residential part of the tower will house:

212 apartments of 62 to 100 sq. m with one bedroom
172 apartments of 129 to 136 sq. m with two bedrooms
20 apartments of 163 to 166 sq. m with three bedrooms
20 apartments of 195 to 201 sq. m with four bedrooms.

The starting price for a one-bedroom apartment at the excavation stage is AED 1.68 million (USD 457,500).

Location

The new complex boasts its prime location in the heart of the city, in the dazzling Downtown Dubai area. Within a 5-minute drive or 20-minute walk from the tower, there are popular locations, including:

Dubai Opera
Burj Khalifa Tower, which offers an observation deck and fine dining
Dubai Fountain, located in the center of an artificial lake
Dubai Mall with an ice skating rink, an oceanarium, a movie theater, and a huge selection of stores of famous world brands
Souk Al Bahar, a shopping area styled after a traditional Middle Eastern market
Wings of Mexico Statue in the shape of angel wings.

It will take a few minutes to drive to Sheikh Zayed Road, which provides easy access to all the main areas of the emirate, including Dubai International Airport. And for those who prefer to travel by subway, a pleasant bonus will be the presence of the Burj Khalifa/Dubai Mall station, which is seven minutes’ walk from the tower. You can also easily get to Dubai Marina and Business Bay.

Properties in Volta Residences for investments

Today, investors can profitably purchase apartments in Volta Residences, the prices from the developer at the excavation stage will be the most favorable. By the time the construction works are completed, the cost of the apartment may increase by 20–30% from the original. Properties in Dubai increase in price annually. For example, in 2022, the cost of housing in Downtown Dubai increased by 25%. In the current year, the average price growth in the emirate is expected to be 13.5%, but in the city center, it may be even more.

After completion of construction, owners will be able to rent out apartments and receive a passive income of 6.5% per annum.