Pantheon Development
Pantheon Development is a private developer from the UAE focused on the affordable luxury segment. The company delivers residential and mixed-use projects in high-demand areas such as Jumeirah Village Circle, Jumeirah Village Triangle, and the new business district RAK Central in Ras Al Khaimah.
- AED 1B Value of One RAK Central
- 6 Land plots in RAK Central
What the Developer Is Known For
Project Portfolio and Scale
Pantheon Development is a private UAE developer founded by entrepreneur Kalpesh Kinariwala. The company has delivered a number of residential developments and continues to expand its portfolio in the UAE. The total value of Pantheon’s current and announced projects exceeds AED 3 billion.
Strong presence in JVC
Pantheon Development is known for residential projects in Jumeirah Village Circle (JVC), including Pantheon Boulevard and the Elysee I, II, and III developments. JVC remains one of Dubai’s most active districts for buy-to-let investment due to strong rental demand and average yields of around 6–8% per year.
Expansion in RAK Central
Pantheon Development has become one of the early investors in the new RAK Central business district in Ras Al Khaimah. The developer is currently working on the One RAK Central mixed-use project with an estimated development value of around AED 1 billion.
One RAK Central Development
The One RAK Central project covers approximately 48,500 sq m and combines residential apartments, office space, and business-oriented amenities within the emerging RAK Central district.
Partnership with NBCC (India)
In 2024, Pantheon Development signed an agreement with the state-owned construction company NBCC (India) Limited, which serves as project management consultant for developments with a total value of about AED 2 billion.
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What is Pantheon Development?
Pantheon Development is a private real estate developer from the UAE founded by entrepreneur Kalpesh Kinariwala. The company focuses on residential and mixed-use projects in growing investment districts.
What types of properties does Pantheon Development build?
Pantheon Development develops residential apartments and mixed-use real estate projects that combine residential, office, and commercial spaces.
Where does Pantheon Development develop projects?
Pantheon Development develops projects in the UAE, including residential developments in Jumeirah Village Circle and the One RAK Central mixed-use project in Ras Al Khaimah.
Does Pantheon Development operate in Ras Al Khaimah?
Yes. Pantheon Development is one of the early investors in the RAK Central business district in Ras Al Khaimah, where it is developing the One RAK Central mixed-use project.
What is the One RAK Central project?
One RAK Central is a mixed-use development by Pantheon Development located in the RAK Central business district in Ras Al Khaimah. The project covers approximately 48,500 sq. m and combines residential apartments and commercial areas designed to support the emerging business hub. The estimated development value of the project is about AED 1 billion.
What are the most notable projects by Pantheon Development?
Notable projects by Pantheon Development include Pantheon Boulevard and Elysee I, II and III in Jumeirah Village Circle, as well as the One RAK Central mixed-use project in Ras Al Khaimah.
Are Pantheon Development properties available to foreign buyers?
Yes. Properties developed by Pantheon Development in designated freehold areas of the UAE are available to international buyers.
What investment potential do Pantheon Development projects offer?
Projects developed by Pantheon are located in high-demand residential areas. For example, properties in Jumeirah Village Circle have historically generated rental yields of around 6–8% per year, making the area popular among buy-to-let investors.
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