Resort Style Residential Opens in Riyadh

Real estate developer Gulf Related announced that Antara, the new residential community development in the prestigious Diriyah area in North Western Riyadh, has officially opened. Gulf Related says investment in Antara reflects its confidence in the Saudi capital's property market Antara offers a resort style living experience including a large fitness and wellness centre, terrace restaurants and poolside cafes, all overlooking five interconnected pools. Comprised of 520 units, Antara offers a villas, townhouses and apartments and represents a SR1 billion ($266 million) investment by the developer. Gulf Related is a partnership between UAE-based Gulf Capital and the Related Companies, a privately-owned real estate firm in the United States. Dr Karim El Solh, Co-Managing Partner of Gulf Related and CEO of Gulf Capital, 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." He added that Gulf Related’s investment in Antara highlights the company's belief in the promising residential real estate sector in Riyadh and the long-term growth prospects of the kingdom.