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WasaltGlobal Properties presents more than 31 properties for sale in Saudi Arabia directly from reliable developers and real estate companies.
If you want to buy housing on the primary or secondary market, use the convenient search form, advanced filters and sorting.
At the bottom of the page, there are quick links for easy selection of the right option. These are the most popular filter combinations, such as "by the sea", "on the first line," and others.
Convenient viewing is provided by the currency converter, which allows you to see prices in dollars, euros and national currency.
The rules regarding foreign ownership of property in Saudi Arabia have undergone some significant changes in the recent years. Overall, the Saudi government has been working to attract more foreign investment, including in the real estate sector.
Previously, non-Saudis were only allowed to own property in certain designated areas, such as some economic and residential cities. However, in 2021, the Saudi government announced new regulations that expand the opportunities for foreigners to purchase real estate in the country.
Under the current rules, foreigners who are not residents of Saudi Arabia can now buy freehold property in specific designated real estate development projects. This includes both residential and commercial properties. The properties must be for the foreigner's personal use, not for investment purposes.
Additionally, foreign nationals who are residents of Saudi Arabia, such as those holding valid work or residence permits, are now permitted to purchase real estate anywhere in the country, not just in designated areas. This includes the ability to buy both residential and investment properties.
It's important to note that there are still some restrictions in place. Foreigners are generally not allowed to purchase land or real estate in certain sensitive border areas or near military installations. There are also limits on the total area and number of properties a non-Saudi can own.
- Minimum value: $253134.
- Highest cost of property in Saudi Arabia: $48 million.
- Minimum floor area: 127 m².
- Largest area: 6,000 m².
A foreigner must have a licence from the Ministry of Interior to purchase a home. Owners can obtain the country's residence permit for the purchase of an object worth SAR 4 million ($1.07 million) or more. The property for the visa must:
- Be used for residential purposes only;
- Be built;
- Be free of existing and future mortgages;
- Be in possession or use unrelated to property finance;
- Not be mortgaged or encumbered after purchase;
- The initial value must be assessed by specialists who are registered with the Saudi Authority for Accredited Valuers (Taqeem).
There is no direct programme for obtaining citizenship for the purchase of properties in Saudi Arabia. One of the ways to become a citizen of the kingdom is naturalisation. People who have reached the age of majority can apply. A system of points is used to assess candidates, which are awarded for the period of residence in the country, professional qualifications and family ties with Saudis.
The maximum number of points is 33, and an application for citizenship is considered if the applicant scores a minimum of 23 points. The application is then referred to the Naturalisation Committee to make a final recommendation and forward it to the Minister of Interior.
The following locations have become the most sought-after destinations for holidays and shopping:
- Riyadh is the capital and largest city of the country. It is known for its rapid economic growth and developed infrastructure. Property in Riyadh ranges from luxury villas to modern apartments, making it attractive to potential owners with different preferences.
- Jeddah is a commercial and cultural centre located on the Red Sea coast. The city is renowned for its beaches and historical landmarks including the El Balad neighbourhood, the Tomb of Eve and the Gates of Mecca. It offers new complexes and traditional houses.
- Dammam is one of the key industrial and economic centres. The location is known for its oil facilities and ports. The region includes residential and commercial developments.
There is a choice of apartments and penthouses in modern skyscrapers, which sometimes include amenities for all residents. Other types include traditional houses, new mansions and townhouses located in gated communities. Villas often have private areas with gardens, balconies, terraces, car parks and in some cases swimming pools, gyms and barbecue areas.
Getting investment real estate in Saudi Arabia can be profitable for the long term, as the state is implementing the Vision 2030 concept. It is aimed at attracting investment, developing the property market and increasing the country's population. The kingdom is popular with foreigners: there are 2 holy cities, Mecca and Medina, which are annually visited by Muslim pilgrims from all over the world. Tourism is becoming increasingly in demand due to cultural attractions and seaside resorts.
Residents of the country may own the property for personal residence only. Owning properties in Saudi Arabia for investment is forbidden for local citizens.
Property in Saudi Arabia
The largest country on the Arabian Peninsula is attracting potential residents and investors with ambitious reforms under the Vision 2030 programme. Different areas of the economy are being actively developed here, as one of the state's goals is to increase the non-oil sector. Due to this, the kingdom aims to popularise the region among investors, entrepreneurs, highly qualified specialists, talented athletes and cultural figures. Tourism is actively developing, including pilgrimage, as well as resort regions on the Red Sea coast.
One of the main directions is the development of Saudi Arabia's real estate. Modern megaprojects are being created here, including Neom. This complex will consist of 3 regions: The Line, a 170 km long city with developed infrastructure and entertainment facilities, Oxagon port and a resort in the Trojena mountain area.
The country offers many options for purchase, including:
- Apartments, which are becoming increasingly popular, especially in the metropolises of Riyadh and Jeddah. Modern complexes offer a lot of different amenities, from fitness centres to swimming pools and 24-hour security. Buildings with flats are often located in central areas, providing easy access to business and shopping centres;
- Houses in Saudi Arabia, presented in gated communities, providing a high level of security and privacy. Some villas feature balconies, gyms and garages and other private facilities, making them ideal for families;
- Townhouses: complexes of several units that are mostly located in new neighbourhoods. They are often complete with courtyards, garages and terraces. Shared amenities are sometimes offered for residents of the development only.
New properties usually have all the necessary interior finishes and plumbing. Some units are fully furnished and equipped with appliances.
Property prices in Saudi Arabia depend on the location, condition of the object and proximity to infrastructure. Riyadh, Jeddah and Dammam are some of the most popular cities that offer a large selection of premises, high standard of living and favourable conditions for business. It is important to know that foreigners cannot buy houses and flats in Mecca and Medina.
Reasons for investing in property in Saudi Arabia
The Kingdom is becoming one of the attractive regions because of the strategic programme aimed at reducing the state's dependence on the oil sector. Infrastructure, tourism, healthcare and technology are being actively developed here, creating favourable conditions for foreigners.
Getting real estate for sale in Saudi Arabia will be a profitable decision due to the expansion of the market and the construction of new ambitious projects. Changes in legislation in this area are expected, which will attract even more foreign buyers.
Housing in the kingdom will become a long-term instrument, as the housing cost is increasing consistently. In Riyadh, the average price of apartments per m² has risen by 10.7%, while in Al-Khubar and Dammam, it will increase by 2% and 1.8% respectively as of late 2023. As for the price of villas in the capital, 1 m² rose by 5.5%. Average house prices in Jeddah, Al Hubar and Dammam rose by 4.8%, 1.1% and 0.3% respectively.
Buying real estate in Saudi Arabia
Our site is an aggregator with villas and apartments in Saudi Arabia from sought-after agencies and proven developers. The portal is regularly supplemented with new offers and updated, which helps to view options with the current cost and description. The catalogue with a filter search function will help you choose the ideal accommodation by sorting properties by price, number of bedrooms, area, amenities and location. Leave your contact details on the website for a specialist to contact you to discuss your requirements and budget.