Metalurh Donetsk and loans

At the end of the Armenian Premier League season, Hakobyan moved to FC Metalurh Donetsk. However, he rarely played for the club, as the club is constantly loaned him out to the Ukrainian and Armenian Club. In the 2001–2002 season, he played in Spartak Yerevan. At the end of the season of Spartak merged with Banants Kotayk into a single club called Banants Yerevan. Hakobyan was at the club while transiting to Stal Alchevsk. In Banants, Hakobyan played one season and became an Armenian Cup finalist and Armenia's top scorer and Armenian Footballer of the Year in the 2003 season.

With the successful performance in Banants, Hakobyan returned to Donetsk, but only briefly. Club sent him back into the rental loan. Until 2009, Hakobyan never spent a full season after serving the team. After the permanent lease in 2007 and ending a contract with Metalurh, Hakobyan goes into Illychivets Mariupol, then in Kishinev Zimbru Chişinău. In Banants, he played in the summer interval Championship and moved to Zimbru Chişinău. Having played the end of 2007 and beginning of 2008, he joined FC Gomel.

Mika Yerevan

For the 2009 Armenian Premier League season, Hakobyan began playing for Mika Yerevan. His only season at the club held relatively full. With 7 goals scored, he did not make 10 of the top scorers in the championship. On 1 December 2009, his contract had expired with Mika. Renew it Hakobyan did not, giving it his priority interventions abroad.^[1] During the off season, Ara Hakobyan had gone through viewing FC Minsk, which had not attracted the coaches, as well as to return to former club, but here the dialogue regarding the contract has not come to an end.

Ulisses

In late winter, Hakobyan conduct training in Yerevan's Ulisses, for which he took part in the test match.^[2] In February 2010, he entered into a contract with the club for one year.^[3] In August, Hakobyan left the club, hoping to move to a foreign club. But the proposal had been received, thus ending the championship and Hakobyan ended in engaging in individual workouts.

Ararat Yerevan

In February 2011, the head coach of Ararat Yerevan said that Hakobyan will perform in the capital club.^[4] A contract with Ararat was signed for one year. Hakobyan spoke steadily, efficiently, had become a mainstream figure in the team, but after the summer break, decided to leave the club.^[5] Desire for Hakobyan was a performance for the border, in one of the clubs.^[6] A little later, was browsing in one of the Polish first division clubs, whose name was to be announced at the conclusion of the negotiations.^[7] The talks have not been fruitful and Hakobyan returned home. Before the beginning of the season, he had become known for the return of Ararat. The desire to act in Ararat Hakobyan expressed himself. But after a conversation with the head coach Albert Safaryan, negotiations have dragged on and the contract was signed in the near future. The agreement is valid until May 2013.^[8][9] But, the second coming of the club for Hakobyan did not last long. In June, the parties terminated the contract by mutual consent and Hakobyan left the club. As soon as it became known that, he moved to Alashkert Martuni, for which stands brother Aram Hakobyan.^[10]

Club

Spartak Yerevan

• Armenian Premier League (1): 2000
• Armenian Premier League Runner-up (1): 2002
• Armenian Premier League 3rd place (1): 1999

Banants

• Armenian Cup Runner-up (1): 2003

Mika

• Armenian Premier League Runner-up (1): 2009

Individual

• Armenian Premier League Top Goalscorer (3): 1998, 2000, 2003
• Armenian Footballer of the Year (1): 2003
• Armenian Premier League Record For Most Goals Scored in a Season: 45 goals (2003)