Pantheon Development on Wednesday started construction of its affordable luxury project Pantheon Elysee in Jumeirah Village Circle (JVC), Dubai.
Pantheon Elysee, valued at AED180 million, will have 268 residential units and retail outlets.
The project is expected to be delivered in the fourth quarter of 2020, the developer said in a statement.
Kalpesh Kinariwala, founder and chairman of Pantheon Group, said: “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.”
Pantheon Elysee is Pantheon Development’s second project in Dubai.
The developer launched its first affordable luxury project Pantheon Boulevard at District 13 of Jumeirah Village Circle. The 162-unit project has been delivered to end-users and investors.
The UAE-based Pantheon Group has offices in Latin America, Far East and India with an annual turnover of more than $325 million.For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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