Studio in Pantheon Elysee II, JVC at AED 650,000 - 14.7% Below OP with Pool View

Property Overview

A studio apartment in Pantheon Elysee II by Pantheon Development, located in District 12, Jumeirah Village Circle. The asking price is AED 650,000 for 399 sqft, equalling AED 1,629 per sqft. The original purchase price was AED 762,216, placing this unit at a 14.7% discount with a saving of AED 112,216. The unit is on the 19th floor with pool views.

Property Highlights

• Type: Studio
• Size: 399 sqft
• Asking price: AED 650,000
• Original price: AED 762,216
• Saving: AED 112,216 (14.7%)
• Rate: AED 1,629 per sqft
• Floor: 19th
• View: Pool
• Handover: Q2 2027

Why the Price Qualifies as Below OP

The agent states the original purchase price was AED 762,216. The asking price of AED 650,000 represents a saving of AED 112,216, equal to 14.7% off the original price. Calculation: 112,216 divided by 762,216 equals 14.72%, rounded to 14.7%.

DLD transaction records for Pantheon Elysee II show eight studio transactions ranging from AED 550,000 to AED 635,000 for units of 391 to 395 sqft. The asking price of AED 650,000 for a 399 sqft unit on the 19th floor sits slightly above most DLD-recorded studio prices. The original price of AED 762,216 is above the DLD range, which may reflect the 19th-floor premium or a later purchase phase. Buyers should verify the original price through the SPA.

About Pantheon Elysee II

Pantheon Elysee II is developed by Pantheon Development and is also known as Maison Elysee. It is a twin-tower development in District 12, Jumeirah Village Circle. The project offers studios from 399 sqft with prices from AED 775,000. The project is sold out from the developer.

Property Finder lists the project handover as Q1 2027 (March 2027), while the agent states Q2 2027. Buyers should confirm the latest timeline directly with the developer or RERA.

Amenities and Facilities

Pantheon Elysee II features swimming pools including an infinity pool, fitness centre, tennis courts, basketball courts, an open-air cinema and children play areas.

Location and Connectivity

Jumeirah Village Circle is a mixed-use community in central Dubai, offering access to Al Khail Road and Sheikh Mohammed Bin Zayed Road. The area provides connectivity to Dubai Marina, Downtown Dubai, Mall of the Emirates and Dubai Hills Mall. JVC has developed into a popular residential area with a growing selection of retail and dining options.

Payment and Handover

The developer payment plan is 30/70 with 30% during construction and 70% on handover. For this resale unit, buyers should confirm the remaining payment obligations. Handover is expected in Q2 2027 per the agent brief.

Verification Notes

The asking price, original price, size, 19th floor, pool view and Q2 2027 handover are from the agent brief. The 14.7% discount and AED 112,216 saving are calculated figures. The agent stated a discount of 15%, but the calculated figure is 14.7%. DLD studio transactions range from AED 550,000 to AED 635,000 for 391-395 sqft units. The asking of AED 650,000 for 399 sqft is slightly above most DLD recordings, though the 19th-floor pool-view positioning may account for the difference. Property Finder lists handover as Q1 2027 versus the agent-stated Q2 2027. Project details including developer, amenities and sold-out status are from Property Finder. Buyers should verify the original price through the SPA.