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Real Estate in Saudi Arabia

Residency by Investment

Saudi Arabia Residency by Real Estate Investment

Saudi Arabia has emerged as a significant player in the global real estate market, attracting investors from around the world. To boost foreign investment, Saudi Arabia offers the Saudi Premium Residency by Investment program, which includes real estate investment as one of its options. This aligns with the Kingdom’s Vision 2030 plan to diversify its economy and reduce its dependency on oil revenues.

Why make a real estate investment in Saudi Arabia?

Investing in Saudi Arabian real estate offers several compelling reasons:

  1. Economic Diversification: Saudi Arabia’s Vision 2030 aims to diversify the economy beyond oil, creating opportunities in various sectors, including real estate.
  2. Stable Market: The Saudi real estate market has shown resilience, with stable growth even amidst global economic fluctuations.
  3. Government Initiatives: The government’s pro-business policies and initiatives, such as Vision 2030 and the National Transformation Program, support real estate investment.
  4. Infrastructure Development: Significant investments in infrastructure projects, including transport, housing, and entertainment, enhance the attractiveness of the real estate market.
  5. Growing Demand: Population growth, urbanization, and increasing household incomes drive demand for residential, commercial, and hospitality properties.
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Processing Time

4-6 months

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Contribution

$ 100,000 USD

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Visa-Free Travel Within

160+ countries

The Citizenship by Investment program of Antigua & Barbuda necessitates investors to make a contribution to the National Development Fund or engage in real estate projects or government-approved businesses. In exchange for their investment, they are granted citizenship and a passport.

$200,000

Real Estate Investment

Applicants for the Antigua & Barbuda citizenship by investment program have the option of making a joint investment in real estate through the purchase of shares in a company holding the asset. Two applications from related parties in the amount of a minimum of US$200,000 will be considered as qualifying investment.

Real Estate Market Information in Saudi Arabia

Saudi Arabia’s real estate sector has witnessed robust growth fueled by population expansion, urbanization trends, and government-driven initiatives. Notably, initiatives like Vision 2030, aimed at economic diversification and reducing oil dependency, have spurred further development. Investments in infrastructure projects, spanning transportation, healthcare, and education, have notably augmented demand for real estate. Moreover, regulatory reforms, including the relaxation of foreign ownership restrictions and the implementation of new laws, have enhanced transparency and attractiveness for investors, shaping a dynamic market landscape poised for continued expansion.

Real Estate Investment Criteria in Saudi Arabia

  1. Possess or hold real estate assets valued at least SAR 4,000,000 within Saudi Arabia.
  2. The property should be clear of any present or future mortgages.
  3. Property acquisition or usage should not involve real estate financing.
  4. The property must be for residential purposes.
  5. The property must be constructed and not derived from undeveloped or raw lands.
  6. The real estate asset must undergo evaluation by certified appraisers within the Saudi Authority for Accredited Valuers “Taqeem”.

Key Facts

Capital

Riyadh

Languages

Arabic

Currency

Riyal

Population

36,947,025 (2024)

Benefits of Residency by Real Estate Investment

  • Reside in Saudi Arabia with family members, including parents, spouses, and children under 25.
  • Flexibility to transition between different establishments.
  • Exemption from fees imposed on expatriates, their dependents, and companions.
  • Exit and re-entry to Saudi Arabia for the premium residency holder and their family members without needing a visa.
  • Ability to obtain visit visas for relatives.
  • Access to citizen-specific lanes at airports.
  • Authorization to work in the private sector and transfer between establishments for the husband, wife, and dependents, including dependent daughters and sons.
  • Conduct business in accordance with the guidelines of The Investment Law.
  • Own and hold usufruct rights to real estate.

Minimum Investment Requirement

Foreign investors must buy a property worth a minimum of SAR 4,000,000 in Saudi Arabia.

Real Estate Owner Premium Residency Validity

Residency duration in Saudi Arabia hinges on either real estate ownership or usufruct.

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    General Required documents

    • A valid passport with passport details
    • Passing a medical examination
    • Regular residency (for those applying from within Saudi).

    Note: Some other relevant documents may be requested by the government.

    Legal and Regulatory Considerations

    In Saudi Arabia, foreigners and entities seeking to own properties for professional or economic activities must obtain approval from the Ministry of Investment. This regulatory step is mandatory and underscores the importance of compliance with Saudi property ownership laws. While foreign ownership is permitted within designated areas, adherence to the approval process ensures alignment with legal frameworks and regulations. Such measures not only facilitate investment but also uphold transparency and accountability within the real estate sector. Thus, obtaining approval from the Ministry of Investment is a crucial step for foreigners and entities navigating property ownership in Saudi Arabia

    Risks and Considerations

    Investing in real estate to gain residency in Saudi Arabia involves understanding and navigating through various factors. This includes keeping up with changing regulations, fluctuations in the property market, and dealing with legal matters and taxes. To qualify for residency, you must meet specific criteria and have a plan for selling your property if needed. It is crucial to thoroughly research properties and consider cultural norms and social dynamics. Success in this endeavor relies on careful planning, seeking advice from experts, and being adaptable to changing circumstances.

    Program Summary

    Learn more about the country and it's citizenship by investment.

      Similar Citizenship by Investment Programs

      Exit Strategy: Options for selling or divesting the real estate investment after obtaining residency.

      Once you have secured residency in Saudi Arabia through real estate investment, having a solid exit plan in place is crucial for potential future sales. Options include selling traditionally through real estate agents or privately, participating in real estate auctions, or considering lease options for ongoing rental income. Exchange programs and real estate investment trusts (REITs) offer alternative avenues for diversifying portfolios or selling indirectly. Developer buyback programs and property management companies can also provide structured pathways for divestment. It’s important to carefully consider market conditions, legal obligations, and tax implications when choosing the best exit strategy. Seeking guidance from real estate experts and financial advisors can help make informed decisions tailored to your specific needs and investment goals

      Comparing Citizenship by Investment Countries

      Frequently Asked Questions

      Foreign investors have the opportunity to secure a Premium Residency status in Saudi Arabia through ownership or usufruct rights to residential properties valued at a minimum of four million Saudi Riyals.

      Real estate in Saudi Arabia is currently considered favorable. The stable and growing economy, driven largely by government initiatives such as Vision 2030, has bolstered the real estate market. This makes it an opportune time to invest in property, particularly luxury options like villas. If you're considering purchasing a villa, the current market conditions provide a promising outlook.

      The primary investors in Saudi Arabia, by country, include the United States, Kuwait, France, Japan, and the United Arab Emirates.

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