Luxury residential development located in Riyadh’s Diplomatic Quarter set to be close to full capacity when Phase 4 is completed in Q1, 2018
Dur Hospitality has revealed that Phase 4 of its luxury Darraq Residences development located in Riyadh’s Diplomatic Quarter is proving hugely popular with prospective tenants, with the entire allocation of residential villas and apartments close to being assigned.
The remarkable achievement is a testament to the popularity of the luxury development, with phases 1 to 3 already fully occupied by tenants. Phase 4 is scheduled for completion in the first quarter of 2018.
Darraq Residences are tailor-made for businesspeople, diplomats, and senior executives seeking a modern lifestyle in a luxurious, safe and private environment for themselves and their families.
Commenting on the popularity of the development, Mr. Sultan Al Otaibi, Vice President of Property Management and Assets at Dur Hospitality, said: “With Darraq Residences, we took our vast experience managing and operating hotels and used it to create a premium luxury residential community that showcases the best aspects of our hospitality offerings.
“Darraq Residences set a new benchmark for the architectural design, luxury appointments and integrated, sustainable services. It is more than just a residential project; it is an integrated lifestyle development. It combines an unrivaled location in the heart of the Diplomatic Quarter and luxury accommodation options designed to appeal to clients seeking an extravagant, five-star lifestyle.”
Darraq Residences have been designed and developed according to the highest international standards and feature cutting-edge, integrated smart home technology, providing residents with the ability to monitor and remotely control various functions including interior lighting, air-conditioning, and home security networks.
Darraq Residences’ central location in the heart of the Diplomatic Quarter provides tenants easy access to the precinct’s premier amenities, including public utilities, gardens and parks, schools, meditation and health centres, restaurants and entertainment facilities.
© Press Release 2017