diff --git a/src/coreclr/jit/codegenarm64.cpp b/src/coreclr/jit/codegenarm64.cpp
index 4da5ba3dd174f..250a23904944a 100644
--- a/src/coreclr/jit/codegenarm64.cpp
+++ b/src/coreclr/jit/codegenarm64.cpp
@@ -3356,6 +3356,9 @@ void CodeGen::genCodeForStoreInd(GenTreeStoreInd* tree)
             else
             {
                 // issue a full memory barrier before a volatile StInd
+                // Note: We cannot issue store barrier ishst because it is a weaker barrier.
+                // The loads can get rearranged around the barrier causing to read wrong
+                // value.
                 instGen_MemoryBarrier();
             }
         }
diff --git a/src/coreclr/jit/gentree.cpp b/src/coreclr/jit/gentree.cpp
index 206b326ed6b7b..543c83af19a88 100644
--- a/src/coreclr/jit/gentree.cpp
+++ b/src/coreclr/jit/gentree.cpp
@@ -3886,6 +3886,14 @@ unsigned Compiler::gtSetEvalOrder(GenTree* tree)
                                 }
                             }
                         }
+#ifdef TARGET_ARM64
+                        if (tree->gtFlags & GTF_IND_VOLATILE)
+                        {
+                            // For volatile store/loads when address is contained we always emit `dmb`
+                            // if it's not - we emit one-way barriers i.e. ldar/stlr
+                            doAddrMode = false;
+                        }
+#endif // TARGET_ARM64
                         if (doAddrMode && gtMarkAddrMode(addr, &costEx, &costSz, tree->TypeGet()))
                         {
                             goto DONE;