Studio in Elysee Heights, JVC with Post-Handover Plan to 2030

Property Overview

This 500 sq ft studio apartment in Elysee Heights by Pantheon Development, Jumeirah Village Circle (JVC), is offered at a total of AED 790,000 as an off-plan resale. According to the agent, the building is ready soon and AED 280,000 of the total is payable on a post-handover payment plan running until 2030. The unit has a road view.

Property Highlights

• Property type: Studio apartment
• Size: 500 sq ft (agent-stated)
• Asking price: AED 790,000 total (agent-stated)
• Price per sq ft: about AED 1,580 (calculated)
• Post-handover balance: AED 280,000 payable until 2030 (agent-stated)
• View: Road view
• Construction status: Off-plan, described by the agent as ready soon
• Developer: Pantheon Development

Why This Listing Is Classified as Off-Plan Distress

The agent brief does not supply an original purchase price, a DLD transaction or a dated market comparison, so DPF does not state a discount or savings figure for this unit. It is classified as Off-Plan Distress because the property is still under construction and is being offered as a resale deal by the agent. Buyers should request the seller's SPA, the developer's statement of account and recent JVC studio transactions before treating the price as below market.

Price and Payment Structure

At AED 790,000 for 500 sq ft, the asking rate works out to about AED 1,580 per sq ft. The brief states that AED 280,000 is scheduled under a post-handover plan until 2030. Simple subtraction leaves AED 510,000 as the remaining part of the AED 790,000 total. The brief does not confirm whether this is the amount payable at transfer, or how it splits between the seller's paid amount, any premium and outstanding pre-handover instalments.

The instalment schedule, due dates and any developer transfer or NOC fees should be confirmed against the SPA and the developer's statement of account before an offer is made.

About Elysee Heights and Pantheon Development

Elysee Heights is a residential project by Pantheon Development in District 15 of Jumeirah Village Circle. Published launch and construction announcements describe a G+4P+11 building with 183 residential units, offered as studios, one-bedroom and two-bedroom apartments, plus 10 retail units. Al Serh Al Kabeer Construction was appointed main contractor and Al Khawajah Engineering Consultants as design consultant.

Pantheon's earlier completed JVC projects include Pantheon Boulevard, Elysee I and Elysee II. The developer's 2023 announcements targeted handover of Elysee Heights in Q4 2025. The agent now describes the building as ready soon; no confirmed handover date has been supplied, so buyers should check current completion status with the developer.

Layout, Size and View

The agent lists the unit as a studio of 500 sq ft with a road view. Floor, bathroom count, parking and furnishing were not supplied. Launch announcements listed Elysee Heights studios at roughly 390 to 425 sq ft, so buyers should confirm whether the 500 sq ft figure includes a balcony or terrace and check the layout against the SPA floor plan.

Location: Jumeirah Village Circle

JVC is a master-planned residential community in Dubai made up of numbered districts of apartment buildings, townhouses and villas, with access to Al Khail Road and Sheikh Mohammed Bin Zayed Road. Elysee Heights sits in District 15 of the community. Travel times have not been verified for this unit and are not stated here.

Verification Notes

• Agent-stated facts: studio, 500 sq ft, road view, ready soon, AED 790,000 total, AED 280,000 post-handover plan until 2030.
• Calculated by DPF: price per sq ft (about AED 1,580) and the AED 510,000 remainder after the post-handover balance.
• External research: project facts come from 2023 Pantheon Development announcements reported by Gulf News and Middle East Construction News, not from an official developer project page.
• Not supplied: original purchase price or other price benchmark, confirmed handover date, floor, bathrooms, parking, furnishing and service charge.