Riyadh – Mubasher: Gulf Related has inaugurated on Tuesday Antara, the new sophisticated residential community development in the prestigious Diriyah area in north-western Riyadh.

Comprised of 520 units, the residential development is valued at SAR 1 billion and offers a wide range of villas, contemporary townhouses, and modern apartments, according to a press release.

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 US. 

“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,” said Co-Managing Partner of Gulf Related and CEO of Gulf Capital, Karim El Solh.

For his part, Co-Managing Partner of Gulf Related and CEO, Related Urban, Kenneth Himmel, added, “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 has already attracted considerable interest ahead of its official inauguration, with immediate leasing commitment of over 100 units."