Riyadh / Abu Dhabi – Gulf Related, a leading real estate development company, announced today that Antara, the new residential project located in the prestigious Ad Diriyah area in northwestern Riyadh, has officially opened today. The “Antara” project, which includes 520 residential units, offers a wide range of modern villas and townhouses designed according to the highest international standards, in addition to modern apartments that meet the tastes of individuals, couples, and families.
Antara residential project value SAR1bn ($267m).
It is noteworthy that “Gulf Related”, Project Development Manager, “Antara”, is a partnership between the UAE-based “Gulf Capital”, which is one of the largest and most active investment companies in the GCC region, and “The Related Companies”. , The most famous private real estate company in the United States of America. “Gulf Related” has designed the “Antara” project keeping in mind its harmony with its historical location and the surrounding environment. The overall vision of this culturally important site, which constitutes a cultural landmark, has been preserved through the successful application of that vision in the design of the completed project.
Dr. Karim El Solh, Managing Partner at Gulf Related and CEO of Gulf Capital commented: “Antara is a high-end, sophisticated family-friendly residential resort located in the heart of the historic Riyadh district. We are proud to be part of the Diriyah developer group. Those who contribute to the development and revitalization of a region of great cultural and historical significance. The investment of “Gulf Related” in the “Antara” project, which amounted to one billion Saudi riyals, confirms our belief in the promising real estate sector in Riyadh and the growth prospects and potentials of the Kingdom in the long term. Real Estate Development This is the sixth mega-investment that Gulf Capital is making in the Kingdom of Saudi Arabia, and it demonstrates our commitment to support the Kingdom’s 2030 vision to achieve economic prosperity for all and to support the growth of the real estate sector as one of the main pillars of the economy.
Jerry Enzrillo, CEO of the Diriyah Gate Development Authority, said: “We are very pleased that a global real estate development company of the same stature and importance as ‘Gulf Related’ has decided to invest in the Diriyah area and is launching a high-end residential project in the area we are developing, which occupies an area of 190 square kilometers. We wish them success in their housing project, and we hope that it will achieve the global status and praise it deserves in the future. “
“We are proud to announce today the opening of Antara in Ad Diriyah. The Antara project is designed according to the highest international standards in order to provide a unique and upscale residential experience that meets the needs of those interested,” said Kenneth Hamel, Managing Partner at Gulf Related and CEO of Gulf Related Urban. In housing for extended or short periods of time, ‘Antara’ is strategically located in the prestigious area of Dir’iyah and we were keen to ensure that the distinctive and historical elements were taken into account when planning, designing, and engineering the ‘Antara’ project. ‘Antara’ received great attention even before its official opening. Immediate requests for leasing more than 100 units have been registered. Despite the difficult times that the global and regional economies are going through, the completion and opening of the Antara project come at a time when we are witnessing the return of investments in landmark real estate projects in the Kingdom of Saudi Arabia.
“Antara” project provides a lifestyle experience similar to high-end resorts, in which residents can enjoy a variety of recreational facilities and relaxation options in a resort-like environment surrounded by beautiful green spaces. The new residential complex includes a health and sports center, as well as restaurants with outdoor views and cafes next to the swimming pools, including five food and beverage restaurants: Circle Café, Takado, Poképai Sushi, Park House, Sushi Counter and all of these facilities It overlooks five connected swimming pools. The project will include a Montessori nursery for children, which can accommodate about 100 children. The project will also contain a business salon that will allow remote work in a comfortable yet professional environment. Antara will also launch the Village Inn, a temporary stay service for those who wish to enjoy hotel life in a secure residential environment.