Saudi Arabia, the largest country in the Middle East, is undergoing a historic transformation under its ambitious Vision 2030 plan. Spearheaded by Crown Prince Mohammed bin Salman, this strategic initiative aims to diversify the economy away from oil and create a dynamic society driven by innovation, investment, and tourism.

Real estate has emerged as one of the key pillars of this transformation. The government is investing billions into infrastructure, smart cities, tourism, and housing, opening the door for local and foreign investors to take part in Saudi Arabia’s development journey. Mega-projects like NEOM, The Line, Red Sea Global, and Qiddiya are redefining the future of urban living and sustainable development in the Kingdom.

The Saudi real estate market is now more transparent and accessible than ever. New legislation allows foreign ownership in select areas, including economic zones and giga-projects, while regulatory bodies like the Real Estate General Authority (REGA) ensure oversight and standardization across the sector.

Property Types Available

• Apartments/Flats: Ideal for professionals and expats, typically located in high-rise towers in major cities.

• Villas: Standalone homes offering more space and privacy, commonly found in suburban or gated communities.

• Townhouses: Multi-level homes in planned neighborhoods, combining privacy and community living.

• Commercial Spaces: Offices, retail outlets, and business units located in commercial districts.

• Lands: Empty residential and commercial plots available for development or long-term investment.

Top Cities to Buy Property

• Riyadh: Capital city and economic center with premium properties, business hubs, and new developments.

• Jeddah: A vibrant coastal city offering a blend of modern lifestyle and traditional culture.

• Dammam: Located in the Eastern Province with a growing industrial base and more affordable real estate.

• NEOM: A futuristic mega-city under development offering innovative living concepts.

• Makkah & Madinah: Religious cities ideal for short-term rental investments due to year-round pilgrimage tourism.

Average Property Prices (2025)

• Riyadh: Apartments SAR 7,000–12,000 per m², Villas SAR 6,000–10,000 per m²

• Jeddah: Apartments SAR 6,000–10,000 per m², Villas SAR 5,500–9,000 per m²

• Dammam: Apartments SAR 5,000–8,000 per m², Villas SAR 4,500–7,500 per m²

• NEOM (expected): Apartments from SAR 15,000 per m², Villas from SAR 12,000 per m²
  (1 SAR ≈ 0.27 USD)

Why Invest in Saudi Arabia Real Estate?

• Prime location connecting three continents

• Vision 2030 reforms driving infrastructure and tourism

• Legal property ownership zones for foreign investors

• High rental returns in major cities

• Participation in mega-projects like NEOM and Red Sea Project

• Rising demand from a growing expat and citizen population

Legal Requirements for Foreigners

• GCC citizens can buy property freely

• Foreigners can invest in designated economic or freehold zones

• Property ownership may support residency permit eligibility

• Registration must be completed via the Ministry of Justice

• A 5% VAT applies to property transactions; zakat/property tax may also be applicable

Property Buying Process in Saudi Arabia

• Choose a licensed real estate agent

• Visit and select your desired property

• Sign a preliminary purchase agreement

• Conduct legal and physical property due diligence

• Pay the deposit (usually 10%)

• Finalize legal contract and notarize it

• Settle the remaining payment and register ownership

Featured Projects and Communities

• King Abdullah Economic City (KAEC): Smart city near Jeddah with residential and commercial districts

• Diriyah Gate: A luxury community blending heritage and modern living in Riyadh

• NEOM: A smart, sustainable city offering futuristic living and investment potential

• Roshn Communities: PIF-backed nationwide residential developments providing affordable housing options

Documents Required for Foreign Buyers

• Valid passport

• Saudi visa or residency permit (Iqama)

• Proof of income or employment

• Bank statement showing sufficient funds

• Signed property sales agreement

Tips for Buyers

• Always use agents registered with the Real Estate General Authority (REGA)

• Verify property ownership and legal documents

• Compare pricing across cities and developments

• Be cautious with off-plan investments—review developer credentials

• Focus on government-approved zones for foreign ownership

Real Estate Services We Offer

• Property buying and selling consultation

• Legal assistance with registration and contracts

• Price evaluations and market analysis

• Listings for luxury and off-plan developments

• Personalized investment strategies

• On-ground support for international buyers

You can find and reach me on: WhatsApp,  imo,  WeChat, Viber, Messenger

Emdadul Hoque, Realtor

☎ +1 514 654 8890

To learn more, call today at  ☎ + 1 514-654-8890 or send an e-mail at: [email protected] for all of your real estate needs.!