Gulf Construction Online - Gulf Related launches residential community

Saudi Focus

Antara ... to come up in the Diriyah area.

Gulf Related launches residential community

01 October 2020

Gulf Related has launched Antara, a landmark SR1 billion ($266 million) residential community development located in the Diriyah area in north Western Riyadh.

Gulf Related is a joint venture between UAE-based Gulf Capital, one of the largest investment firms in the GCC, and Related Companies, the most prominent privately-owned real estate firm in the US.

Comprising 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, said the developer.

Gulf Related pointed out that it has designed Antara to blend harmoniously with its historic surrounding environment.

Dr Karim El Solh, co-Managing Partner of Gulf Related and Gulf Capital CEO, 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 SR1 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,” he added.

Diriyah Gate Development Authority CEO 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 190 sq km catchment zone.”