Pantheon Development, the UAE-based developer, has announced that the mobilisation work for its project Pantheon Elysee is completed.
Signalling a major milestone, the company said that the structural work for the upcoming project was 12 percent complete while work related to mechanical, electrical and plumbing (MEP) stood at 3 percent completion.
Pantheon Elysee is the second project in Jumeirah Village Circle (JVC) for the Pantheon Group, following the successful launch of Pantheon Boulevard at District 13 in JVC.
Pantheon Elysee is an affordable luxury development, and the $49 million project consists of 268 residential units and retail outlets.
Kalpesh Kinariwala, founder and chairman of Pantheon Group, said: “We are pleased that the work for Pantheon Elysee is well on track. As an organisation, delivering on time has been our distinguishing factor, which has led customers to trust in us. Given the way the project is shaping up, we are confident that the tenants will be able to move to their residential and retail units by end of 2020.”
Kinariwala added that the UAE’s construction and real estate sector were experiencing a dramatic shift, with affordable luxury forming the next level of demand.
CJTech Contractors have been appointed as the contractor on the project, while Al Khawajah Engineering Cosultants is serving as the project consultant.
Pantheon Development has offices in Latin America, Far East and India with an annual turnover of more than $325 million.
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