Pantheon Developments

Searching for Pantheon distress deals or Pantheon below market properties? This guide covers Pantheon Development's verified buildings in Jumeirah Village Circle and Jumeirah Village Triangle, separates completed Pantheon Elysee towers from off-plan Maison Elysee projects, and explains below original price, motivated seller and assignment checks before buying.

Rendering of Maison Elysee II towers in Jumeirah Village Circle, developed by Pantheon Development — Maison Elysee II in Jumeirah Village Circle

Developer overview

Pantheon Development describes itself as a design-led private developer working across the UAE. Its about page says the company started out with residential buildings in Jumeirah Village Triangle before moving into newer work in Dubai's business districts and in Ras Al Khaimah, where it is developing One RAK Central. The company is led by its founder, Kalpesh Kinariwala, and frames its offer around what it calls affordable luxury. Its head office is in Business Bay.

The developer's website organises its work by destination, naming JVC, JVT, Al Wasl Gate and Ras Al Khaimah. In Dubai, its most familiar names belong to the Elysee family of buildings, which is why DPF buyers often meet several Pantheon projects with very similar titles.

Portfolio and locations

Pantheon divides its projects into completed and upcoming. The ones relevant to DPF listings are:

Pantheon Elysee III – a completed building in District 15 of Jumeirah Village Circle with one- and two-bedroom apartments, smart home features and shops on the ground floor. Pantheon lists completion in 2024.
Pantheon Elysee II – a completed Jumeirah Village Circle building with one- to four-bedroom units and ground-floor retail, listed as completed in 2022.
Pantheon Elysee I – Pantheon's earlier Jumeirah Village Circle building, also completed.
Maison Elysee I & II – an upcoming Jumeirah Village Circle project with studio to two-bedroom apartments, with road links to Al Khail Road and Sheikh Mohammed Bin Zayed Road. Pantheon markets the two phases together.
Maison Elysee III and Elysee Heights – further upcoming projects in the same family.
VOXA – a project Pantheon places in Jumeirah Village Triangle.

See Jumeirah Village Circle listings, the JVC area guide and Jumeirah Village Triangle listings.

Property types

Pantheon's Dubai stock is mainly apartments, from studios to two-bedroom units in the newer projects and up to four bedrooms in Pantheon Elysee II. Its completed buildings include retail units on the ground floor, which are listed separately from the homes above them. Smart home technology is a recurring feature in the developer's newer projects.

What buyers should verify

The exact building. Pantheon Elysee, Maison Elysee and Elysee Heights are different buildings at different stages. Check the project name and phase on the title deed or Oqood certificate, especially for Maison Elysee I and II, which are marketed together.
Ready or off-plan. The Pantheon Elysee towers are complete, while Maison Elysee projects are listed as upcoming. A ready unit needs a title deed check; an off-plan unit needs an Oqood check and a look at registered progress through the Dubai Land Department's Project Status Enquiry service.
Post-handover instalments. Pantheon has offered payment plans that continue after handover. Ask whether any instalments remain due to the developer, even on a completed unit.
Residential use. Make sure the unit is an apartment, not a ground-floor shop.

Finding distressed and below-market Pantheon properties

Pantheon's mix of completed buildings and off-plan launches creates two kinds of distressed property in Dubai listings. In the completed Elysee towers, a distress sale usually comes from an owner who wants to exit quickly, perhaps to clear a mortgage or move funds. In the Maison Elysee projects, the more common case is an off-plan resale or assignment, where the seller passes the contract and its remaining payment plan to a new buyer. Either way, a motivated seller may describe the listing as an urgent sale, invite cash buyer deals or ask less than their contract figure, which is what below original price (below OP) means. Below market value compares the asking figure with recent sales of similar units in the same building.

Post-handover plans make one check especially important: a completed Pantheon apartment can still carry an outstanding balance to the developer. Ask for Pantheon's statement of account, confirm any bank mortgage will be cleared at transfer, and check what Pantheon requires before issuing the NOC that the Dubai Land Department needs to register the sale. Settle these points before paying a deposit.

Frequently asked questions

Where are Pantheon Development's Dubai projects?

Mainly in Jumeirah Village Circle and Jumeirah Village Triangle. Pantheon also lists Al Wasl Gate as a destination and has a project in Ras Al Khaimah.

Are the Pantheon Elysee buildings complete?

Pantheon lists Elysee I, II and III as completed. Maison Elysee I & II, Maison Elysee III and Elysee Heights are listed as upcoming.

What is the difference between Pantheon Elysee and Maison Elysee?

They are separate projects. The Pantheon Elysee buildings are completed, while Maison Elysee is a newer off-plan series in Jumeirah Village Circle.

Can I buy Pantheon property below the original price?

It is possible when an owner accepts less than their original Pantheon price. DPF lists such homes but neither sets prices nor promises outcomes. Confirm any remaining post-handover instalments, the outstanding balance and the NOC position first.

Can a Maison Elysee unit be bought as an assignment?

Yes, if Pantheon consents. The buyer takes over the seller's contract and remaining payments, and the transfer is registered after the developer NOC is issued.