Riyadh/Abu Dhabi – Gulf Related, a leading real estate developer, announced today that Antara, the new residential community development in the prestigious Diriyah area in North Western Riyadh, officially opened today. Comprised of 520 units, Antara offers a wide range of carefully crafted villas, contemporary townhouses, and modern apartments that can satisfy the preferences of individuals, couples, and families with children.
Gulf Related, the Development Manager of Antara, is a partnership between UAE-based Gulf Capital, one of the largest and most active investment companies in the GCC, and the Related Companies, the most prominent privately-owned real estate firm in the United States. Gulf Related has designed Antara in a manner that blends harmoniously with its historic surrounding environment. The overall vision for this cultural landmark location was safeguarded and successfully implemented in the design of the completed development.
Dr. Karim El Solh, co-Managing Partner of Gulf Related and Chief Executive Officer of Gulf Capital, commented: “Antara is a high-end, sophisticated, and family-friendly residential resort in the heart of historic Riyadh. We are privileged to be part of the Diriyah community of developers who are contributing to and revitalising an area of high cultural and historic significance. Gulf Related’s SAR 1 billion investment in Antara highlights our belief in the promising residential real estate sector in Riyadh and the long-term growth prospects of the Kingdom. This development is Gulf Capital’s sixth major investment in Saudi Arabia and represents our commitment to supporting the Kingdom’s 2030 vision of achieving far-reaching economic prosperity and supporting the growth of the real estate sector as a key pillar of the economy.”
Jerry Inzerillo, CEO of Diriyah Gate Development Authority, said: “We are very pleased that a global real estate developer of the stature of Gulf Related has decided to invest in the Diriyah area, and to launch a high-end residential project within our 190 square kilometer catchment zone. We wish them every success with their residential compound development and hope it will attract the international standing and future acclaim that it deserves."
Kenneth Himmel, co-Managing Partner of Gulf Related and Chief Executive Officer, Related Urban, added: “We are proud to announce the opening of Antara in Diriyah today. Antara was designed at the highest international standards to create a unique and sophisticated residential experience catering to both long-term and short-term stays. Antara is strategically located in the prestigious Diriyah area, and we were keen to ensure that the unique and historic settings were incorporated into Antara’s urban planning, design, and architecture. Antara has already attracted considerable interest ahead of its official inauguration, with immediate leasing commitment of over 100 units. Despite challenging times for global and regional economies, the completion and opening of Antara comes at a time of renewed investments in landmark real estate projects in Saudi Arabia.”
Antara offers a resort style living experience where residents can enjoy a variety of recreation and relaxation facilities in a resort-like environment surrounded by lush landscaping. The new residential community also has a large fitness and wellness centre, terrace restaurants and poolside cafes with five high quality food and beverage concepts namely Circle Café, Taqado, Poke by Sushi, Park House and Sushi Counter, all overlooking five interconnected pools. The Smart Kids Montessori Pre-School will have the capacity to accommodate up to a hundred children. Antara also offers a large and sophisticated business lounge, providing the convenience of working remotely in a relaxed yet professional environment. Antara is also launching the Village Inn, a ready-made temporary stay solution for those who wish to experience hotel life in a secure residential community.
© Press Release 2020
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