Pantheon Development hit the ground to kick start the construction of its affordable luxury project Pantheon Elysee in Jumeirah Village Circle, Dubai.

Pantheon Elysee, valuing AED180 million will have 266 residential units and ratail outlets. The project is expected to be delivered in Q4, 2020.

Mr Kalpesh Kinariwala, Founder and Chairman of Pantheon Group, said: “At Pantheon Development, we have always been committed to provide value for money to our clients, and our new project will accelerate our vision to offer our customers luxury units at affordable prices. It will also fill the gap in the affordable luxury segment in Dubai’s realty market. Considering the strength and dynamism of the Dubai property market, we are confident that the Pantheon Elysee project will generate quick and high results, whilst boosting the economic development of the nation. While we anticipate that the project will be completed on time with the support of our contractor, we are certain that this new development will serve as a boost to the UAE’s burgeoning realty sector.”

Pantheon Elysee is Pantheon Development’s second project in Dubai. The developer launched its first affordable luxury project Pantheon Boulevard at Distict 13 of Jumeirah Village Circle. The company first completed the Dh150 million project with its own capital and then launched the sale, which is not common practice in the market as the off-plan sale is quite common in Dubai. The 162-unit project has been successfully delivered to end-users and investors.

Source: Zawya

Fulya Altunyay/ [email protected]