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Thu 30 Jan 2020 02:07 PM

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Pantheon says $49m residential project in Dubai set for end-2020 delivery

Developer says structural work on Pantheon Elysee project in Jumeirah Village Circle has been completed ahead of schedule

Pantheon says $49m residential project in Dubai set for end-2020 delivery

The $49 million project will be the second affordable luxury development by the company and will consist of 268 residential units and retail outlets.

Pantheon Development, a subsidiary of Pantheon Group, has announced the completion of the structural work of its Pantheon Elysee project in Jumeirah Village Circle (JVC), Dubai.

The developer said in a statement that the work has been completed ahead of schedule.

It added that the $49 million project will be the second affordable luxury development by the company and will consist of 268 residential units and retail outlets.

The homes are expected to be delivered by the end of this year.

Kalpesh Kinariwala, founder and chairman of Pantheon Group said: “It has been an exciting journey to have witnessed the steady progress on the construction of this project, and we cannot wait until it goes on floors later this year. With the structural and mobilization work now complete, all work concerning the mechanical, electrical and plumbing stands at 40 percent completion.”

Following the successful launch of its maiden project Pantheon Boulevard at District 13 in JVC, Kinariwala said the Dubai property market is "very versatile", adding that projects like Pantheon Elysee "will boost the economic development of the nation and increase the demand for affordable luxury units within the region".

Pantheon Group is US-based global business conglomerate with more than AED1.2 billion ($325 million) annual turnover. The group has offices in the UAE, India Far East and Latin America.

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