Studio Apartment in Maison Elysee II, JVC — 18.1% Below Original Price

Property Overview

This studio apartment in Maison Elysee II by Pantheon Development in JVC District 12 is listed at AED 600,000, which is 18.1% below the agent-stated original purchase price of AED 732,900. The unit spans 399 sq ft. The buyer pays AED 216,700 directly to the owner and takes over the remaining developer balance under a post-handover payment plan. Handover is expected in Q1 2027.

Property Highlights

• Type: studio apartment
• Built-up area: 399 sq ft
• Asking price: AED 600,000
• Original purchase price (agent-stated): AED 732,900
• Savings: AED 132,900 (18.1%)
• Rate: approximately AED 1,504 per sq ft
• Payment to owner: AED 216,700
• Developer balance taken over: approximately AED 383,300
• Payment plan: 60/40 with post-handover
• Handover: Q1 2027
• Construction: 15-18% complete (DLD, mid-2026)

Why This Price Qualifies as Below OP

The seller originally purchased this studio for AED 732,900, as stated by the listing agent. The current asking price of AED 600,000 produces a saving of AED 132,900, equivalent to an 18.1% reduction from the original price.

The payment structure is a resale assignment. The buyer pays AED 216,700 to the current owner to take over the unit, then assumes the remaining developer balance of approximately AED 383,300 under the existing post-handover payment plan. The total cost to the buyer is AED 600,000.

The stated OP of AED 732,900 is plausible as an early-buyer price. Current initial-sale studios of the same 399 sqft in Maison Elysee II are listed between AED 774,900 and AED 819,900, indicating the developer has since raised prices above the seller's original purchase level. The lowest resale studio in the building is listed at AED 650,000 for 399 sqft. At AED 600,000, this unit is AED 50,000 below even that resale listing and AED 174,900 below the lowest initial-sale listing.

Buyers should request the seller's signed SPA to confirm the original purchase price and the exact remaining developer balance. DPF has not verified the SPA and classifies this listing as a draft until that confirmation is received.

About Maison Elysee II

Maison Elysee II is a 30-storey residential tower by Pantheon Development (PANTHEON ELYSEE REAL ESTATE DEVELOPMENT L.L.C) in JVC District 12. The project is the second phase of the Maison Elysee series and offers studios, 1-bedroom and 2-bedroom apartments with modern finishes, floor-to-ceiling windows, built-in wardrobes, balconies and integrated kitchens. The building includes 429 parking spaces, 5 elevators and 2 retail centres at podium level.

According to DLD project data (Permit 71575606531), Maison Elysee II was 15% complete as of the March 2026 inspection and 18% complete as of the July 2026 inspection. Handover is scheduled for March 2027. The DLD-registered zone is Al Barsha South Fourth.

Amenities

Residents have access to a swimming pool, sun deck, fully equipped gymnasium, children's play area, landscaped gardens, BBQ area, sports facilities, retail and dining at podium level, covered parking, 24-hour security with CCTV, concierge services, electricity backup and a lobby reception.

Location and Connectivity

JVC District 12 is within Jumeirah Village Circle, a well-established residential community in Dubai. The area is connected to Al Khail Road in approximately 5 minutes and Sheikh Mohammed Bin Zayed Road in approximately 7 minutes. Mall of the Emirates is approximately 10 minutes, Dubai Marina approximately 15 minutes, and Downtown Dubai approximately 20 minutes by car. The community includes supermarkets, clinics, schools and nurseries within short driving distance.

Verification Notes

The asking price of AED 600,000, original purchase price of AED 732,900, studio classification, built-up area of 399 sq ft, payment to owner of AED 216,700, developer balance takeover, post-handover payment plan and 2027 handover are all sourced from the agent brief dated 17 September 2026. The price per square foot of AED 1,504 and savings of AED 132,900 (18.1%) are calculated from these figures.

DLD project data confirms 15-18% construction completion as of mid-2026 and March 2027 handover for Maison Elysee II. Current initial-sale and resale listing data is from Dubizzle, accessed 17 September 2026. Bathroom count and view were not specified in the agent brief and have been omitted.

This listing is classified as a draft. The original purchase price and remaining developer balance have not been independently verified against the seller's SPA. No images have been supplied; actual photography or renders are required before publication.