Pasha1 Developers is a Dubai real estate venture from the Jain family. Its official website describes Pasha1 as the latest family venture under the umbrella of PJS Global, whose business history spans commodities, agro-processing, manufacturing, shipping, petroleum and asset management.

Pasha1 names Pulkit Jain and Parshva Jain in its leadership story and presents its real estate activity as a new chapter for the family’s Dubai business. The company’s published address is in Business Bay.

STAX is Pasha1’s debut residential project, located in District 15 of Jumeirah Village Circle. The official project presentation describes two connected residential towers and a mix of studios, one- and two-bedroom apartments.

The official STAX website publishes a six-year payment plan: 10% at booking, 30% during construction, 30% on completion and 10% post-handover over three years. It states completion in August 2028. Project availability and residence selection are published in the current sales materials. For how this payment structure compares with other Dubai off-plan launches, see our off-plan buyer's guide.

A Jain family real estate venture presenting STAX in JVC

JVCOff-planApartmentsLifestyleDubai

Who owns Pasha1 Developers?

The Dubai entity is PASHAONE REAL ESTATE DEVELOPMENT LLC, registered at Office C701, The Opus by Omniyat, Business Bay. LinkedIn records the company type as Privately Held and dates it to 2024. The company's own site places Pasha1 under PJS Global as the Jain family's latest venture. Its About page names three people: Pankaj Jain as Chairman of Pasha1 Developers, Pulkit Jain as Founder and Chairman of PJS Global and Co-Founder of Pasha1, and Parshva Jain as Co-Founder and Chief Executive Officer. No register, filing or audited account naming the shareholders has been published, so no percentage is stated here. The PJS Global link is the company's own description of itself rather than a filed corporate structure.

Source: Pasha1 Developers — About · Pasha1 Developers — LinkedIn company record

Track record

Buildings that made the name

  1. 01 STAX District 15, Jumeirah Village Circle. The company's debut project and its only one. Two towers on a shared podium holding 528 residences, from studios to three-bedroom duplexes, with more than 40,000 sq ft of podium-level amenities. Unveiled at a launch event on 16 December 2025. Development value stated at AED 550 million and completion stated for August 2028. Under construction, due 2028

Pasha1 track record

Projects handed over
0
No source records a completed building or a delivered unit
Projects under construction
1
STAX, District 15, Jumeirah Village Circle, two towers on a shared podium
Homes in the current project
528
Studios to three-bedroom duplexes, 384–3,375 sq ft
Stated development value
AED 550m
STAX; the figure published by development manager Refine and by Lovin Dubai in December 2025

The company publishes no handover and no earlier project.Launched, under construction and delivered are separate counts and are not added together.

What Pasha1 is known for

Group heritage
PJS Global, established 1985 — the company's own figure
Group footprint
9 countries and 14 offices — the company's own figures
Debut project
STAX, 528 homes in District 15 of JVC
Stated development value
AED 550m
Published payment plan
10 / 30 / 30 / 10 across six years
Post-handover tail
3 years
Completion stated
August 2028
Development manager
Refine Project Management LLC

Pankaj Jain is Chairman of Pasha1 Developers, Pulkit Jain is Co-Founder and also Founder and Chairman of PJS Global, and Parshva Jain is Co-Founder and Chief Executive Officer.The group figures are published by the company on its own site and carry no stated methodology.

Dubai represents a global benchmark for quality living and visionary development. With STAX, we bring four decades of entrepreneurial experience into a city that continuously sets new standards. This project reflects our commitment to responsible development and long-term value creation.
Pankaj Jain Chairman, Pasha1 Developers The Times of India — on the STAX launch, 19 December 2025

Where Pasha1 builds

STAX in Jumeirah Village CircleApartments in Dubai

Current projects via GRAF

STAX — Jumeirah Village Circle, Dubai

STAX

Jumeirah Village Circle, Dubai

From AED 663k

View project →

Pasha1 prices, payment plans and handover dates

Three payment plans have been published, each with its own date: 40/60 in October 2025, a six-year plan worded by the project site as 10% at booking, 30% during construction, 30% on completion and 10% post-handover over three years, and 20/80 in April 2026.The six-year wording adds up to 80% as printed; confirm the current plan in the sales material. It states completion in August 2028.

Project Area Type Price from Payment plan Handover Availability
STAX Jumeirah Village Circle, Dubai Residential apartments and duplexes From AED 663k 10% booking · 30% construction · 30% completion · 10% post-handover over 3 years August 2028 See current availability

Prices, payment plans, handover dates and availability verified by GRAF on 17 August 2026. Each row links to the project page, where the same figures are shown in full.

How Pasha1 differs from other Dubai developers

Pasha1 Developers has one address and one project. Its money and its management history come from outside real estate, and the building work is run by a named third party.

One project, not a portfolio
Alnair's developer record reads "Pasha 1 has 1 project." STAX in District 15 of Jumeirah Village Circle is the company's debut and its only development.
The capital comes from another industry
The company describes itself as the Jain family's venture under PJS Global, a group whose listed sectors are commodity trading, agro-processing, steel manufacturing, shipping, petroleum and asset management.
Development is run by a third party
Refine Project Management LLC publishes STAX on its own site with the developer named as Pasha1 Developers, the value at 550 million and the status as under construction.
A six-year payment period against a 2028 completion
The project site publishes 10% at booking, 30% during construction, 30% on completion and 10% across three post-handover years.
A unit inside another developer's tower
The registered office is Office C701 in The Opus by Omniyat, Business Bay, printed on the company's site and repeated on its Facebook page.
The launch was staged as an entertainment event
Two Indian film actors performed at the unveiling on 16 December 2025, and the coverage that followed came from film and lifestyle titles rather than the property trade press.
Why GRAF recommends Pasha1

Pasha1 Developers suits a buyer looking at mid-to-premium off-plan in Jumeirah Village Circle who wants a long payment tail and accepts a developer with no completed building behind it.

What the record shows
  1. The terms sit in one place with a dateThe official STAX site publishes the entry price, the size range from 384 to 3,375 sq ft, the six-year payment plan and the August 2028 completion date together.
  2. A development manager is named and publishes the project itselfRefine Project Management LLC lists STAX under Pasha1 Developers with a stated value of 550 million and the status "Under Construction".
  3. The company and its people are on the recordThe legal name, the registered office and three named executives are published by the company, and Lovin Dubai reported construction under way in December 2025.

GRAF editorial team

Pasha1 — frequently asked questions

Who owns Pasha1 Developers?

The developer is PASHAONE REAL ESTATE DEVELOPMENT LLC, a private company registered at The Opus by Omniyat in Business Bay. LinkedIn records the type as Privately Held and the founding year as 2024. The company's own site places Pasha1 under PJS Global as the Jain family's latest venture and names Pankaj Jain as Chairman, Pulkit Jain as Co-Founder, and Parshva Jain as Co-Founder and Chief Executive Officer. No public register names the shareholders, so no percentage is stated.

Source: Pasha1 Developers — About

What has Pasha1 Developers built?

STAX in Jumeirah Village Circle is the company's debut project and its only one, currently under construction. Development manager Refine lists the project's status as under construction, and Lovin Dubai reported in December 2025 that construction was already under way; no source records a handover yet.

Source: Refine — Stax JVC Apartments

What is STAX?

Two residential towers on a shared podium in District 15 of Jumeirah Village Circle, holding 528 residences from studios and one- and two-bedroom apartments to three-bedroom duplexes, with sizes from 384 to 3,375 sq ft. The company publishes more than 40,000 sq ft of podium-level amenities, including a lazy river and two rooftop infinity pools. It was unveiled at a launch event on 16 December 2025.

Source: Pasha1 Developers — Pasha1 Developers Unveil STAX

What payment plan does STAX publish?

The official project site publishes a six-year plan of 10% at booking, 30% during construction, 30% on completion and 10% post-handover across three years, with prices from AED 663,000 and completion in August 2028. Two other plans have been published with earlier and later dates — 40/60 in October 2025 and 20/80 in April 2026 — so the plan on the contract should be confirmed in writing.

Source: STAX — official project site

Who manages the development of STAX?

Refine Project Management LLC. It publishes STAX on its own site with the developer named as Pasha1 Developers, a gross development value of 550 million and the status "Under Construction". Alnair names the selling agency as Refine Associates Real Estate L.L.C.

Source: Refine — Stax JVC Apartments

Where does Pasha1 Developers build?

In one place. STAX stands in District 15 of Jumeirah Village Circle, with access to Al Khail Road, Sheikh Mohammed Bin Zayed Road and Sheikh Zayed Road. The company's registered office is Office C701 in The Opus by Omniyat, Business Bay.

Source: Pasha1 Developers — official site

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Official sources
Official websitePasha1 Developers — official sitePasha1 Developers — AboutSTAX — official project sitePasha1 Developers — LinkedInPasha1 Developers — InstagramPasha1 Developers — FacebookPasha1 Developers — YouTube
About this profile

Maintained by the GRAF editorial team from public sources and our own project data. Updated 21 August 2026. Contact us

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