Real estate developer Gulf Related has announced the official opening of Antara – a $266.6m (SAR1bn) residential community development – in Saudi Arabia’s Diriyah area, located northwest of Riyadh.
Comprised of 520 units, Antara offers a range of villas, townhouses, and apartments catering to individuals, couples, and families with children.
Antara offers a resort-style living experience where residents can enjoy a variety of recreation and relaxation facilities surrounded by lush landscaping.
The residential community also has a large fitness and wellness centre, terrace restaurants, and poolside cafes, with five high quality food and beverage concepts, including 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 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.
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, a privately-owned real estate firm in the United States.
Gulf Related has designed Antara carefully, keeping in mind its historic surrounding environment. The overall vision for this cultural landmark location was safeguarded and successfully implemented in the design of the completed development.
The co-managing partner of Gulf Related and chief executive officer of Gulf Capital, Dr Karim El Solh, said: “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 SAR1bn 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.”
The chief executive officer of the Diriyah Gate Development Authority, Jerry Inzerillo, 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 190km2 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.”
The co-managing partner of Gulf Related and chief executive officer of Related Urban, Kenneth Himmel, added: “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.”
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