Daily Newsletter

11 September 2023

Daily Newsletter

11 September 2023

Pantheon selects main contractor for Dubai residential project

Al Khawajah Engineering has been selected as design consultant for the project.

Archana Rani September 11 2023

Pantheon Development has selected the main contractor and design consultant for its Elysee Heights residential project in Dubai, United Arab Emirates, reported Gulf News.

Al Serh Al Kabeer Construction has been appointed as the main contractor while Al Khawajah Engineering Consultants as the project design consultant.

Planned to be built in District 15 in Jumeirah Village Circle (JVC) with an investment of Dh150m ($40.83m), the G+4P+11 project will cover an area of 200,000ft².

Pantheon Development founder Kalpesh Kinariwala was quoted by the news agency as saying: “Elysee Heights is yet another milestone in our affordable luxury residential proposition in Dubai’s realty market.

“Pantheon has successfully created and nurtured the niche of affordable luxury with four projects, and Elysee Heights is yet another value-packed development in this category, contributing to Dubai’s reputation as a high-return real estate investment destination.”

The Elysee Heights project will comprise 183 residential units and ten retail units. It will offer studios, and one and two-bed options to investors.

The studios at the property will cover an area of 390ft²-425ft². The one-bed units will have an area that ranges between 650ft² to 800ft² while the two-bed units will range from 850ft² to 1,100ft².

Planned to be handed over in Q4 2025, the Elysee Heights property will feature exclusive design components to comply with its positioning as a lifestyle development in the community. 

Some of the amenities at the project include a fully equipped gym, swimming pool, kids play area and a retail space for shopping.

South-East Asia Construction Market Dynamics

Per GlobalData analysis, the South-East Asia construction industry in 2023 is dominated by Indonesia, though the country will see a slowdown compared to 2022 due to elevated building material prices, weak commercial property demand, high interest rates and a softening of external demand. The construction industry in the Philippines is estimated to register a AAGR of 7.2% between 2024 and 2027, supported by the government’s focus on the development of the country’s rail and road transport and energy infrastructure.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close