How to Buy a Property in Saudi Arabia

Here is a video on how to buy real estate in Saudi Arabia. Our article companyformati... contains more information about the procedure.
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Legislation
Real estate purchases in Saudi Arabia are subject to:
• the Sharia Law;
• the Off-Plan Sales Act;
• the Real Estate Brokerage Law.
Acquisition as a Foreigner
Foreign citizens are also allowed to buy properties in Saudi Arabia, however, certain restrictions must be observed.
Purchase Options
Here are the main options to buy a Saudi property:
1. direct purchases;
2. long-term lease/leasehold;
3. the Premium Residency Program.
Documents
Here are the documents to buy real estate in Saudi Arabia:
• valid ID/passport and residence permit;
• good behaviour letter;
• property survey report;
• bank statement;
• property description.
Premium Residency
Foreign citizens can buy real estate as part of the Premium Residency Scheme.
Under it, they can acquire real estate in designated areas.
Taxes
The following fees and charges must be considered when buying real estate in Saudi Arabia:
• transfer tax;
• Zakat/wealth tax;
• agent fee.
Legal Assistance
If you want to buy a property in Saudi Arabia, you can rely on our skilled lawyers.
Time Frame
It takes about one to two months to complete the property purchase procedure in Saudi Arabia.