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Under Construction Apartments for Sale in Saudi Arabia

As the pace of real estate development accelerates in the Kingdom of Saudi Arabia, the investment opportunities in purchasing under-construction apartments emerge as an ideal choice for investors and those desiring to own properties with increasing value.

In this article, we will detail the benefits and advantages of buying these types of properties, in addition to providing an overview of the exceptional services offered by Imtilak Global in this field.

Benefits of Buying an Under-Construction Apartment in Saudi Arabia

Purchasing an under-construction apartment in Saudi Arabia offers a unique investment opportunity at competitive prices and with easy terms. This step is a smart investment that carries many attractive advantages, including:

  • Reduced Prices: Buying under-construction properties allows for lower prices compared to completed properties, enabling investors to achieve significant profits upon project completion and value increase.
  • Personal Planning and Design: Buying under-construction apartments gives buyers the chance to influence the design and layout of their apartment according to their desires and needs, ensuring a property that reflects their personal taste.
  • Flexible Payment: Many real estate development companies in Saudi Arabia offer flexible payment plans for under-construction apartments, making it an attractive option for investors with various budgets.
  • Increased Investment Value: Under-construction apartments are characterized by a rise in their investment value once completed and ready for residency, which means the potential for significant long-term profits.
  • New Urban Developments: Choosing under-construction apartments often means being in areas experiencing new urban and infrastructure developments, enhancing their attractiveness and market value.

Under Construction Apartments for Sale in Saudi Arabia

Advantages of Investing in Under-Construction Apartments in Saudi Arabia

Investing in under-construction apartments is a golden opportunity in the Saudi real estate market, providing many benefits for investors, including:

  • Profit in the Short and Long Term: Investing in under-construction apartments offers a chance for profit whether by selling after construction completion or by renting the property, providing diverse financial returns.
  • Control Over Costs: Investors can control purchase costs by choosing the early stages of construction, where prices are lower, enhancing the potential profit margin.
  • Benefiting from Urban Development: Investing in new development areas means benefiting from new infrastructure and improved services that increase property values.
  • Diverse Investment Options: The under-construction apartment market in Saudi Arabia offers diverse options that suit all budgets and needs, from small apartments to luxury villas.
  • Transparency and Security: Real estate companies in Saudi Arabia provide all necessary guarantees and insurance for investors, making investing in under-construction apartments a safe and reliable option.

Regarding the return on investment, the yield on under-construction apartments tends to be higher than that on completed apartments due to the significant potential for market value increase after construction completion and infrastructure improvement in the area.

Average Prices of Under-Construction Apartments in Saudi Arabia

Determining the average prices of under-construction apartments in Saudi Arabia is a task that requires considering several factors, including location, size, finishing level, and provided amenities. Generally, the prices of these apartments range between 300,000 and 800,000 Saudi Riyals, heavily influenced by the project's location and proximity to vital centers and essential services.

In the capital, Riyadh, for instance, prices may rise in upscale areas or those close to business centers and premium services, while in other cities like Jeddah and Dammam, the price depends on proximity to beaches and commercial areas.

Apartments within comprehensive projects featuring recreational facilities such as gardens, pools, and sports centers tend to be priced higher due to the added value these amenities provide to residents. It's also worth noting that prices are lower in the early stages of construction because the buyer bears part of the risks related to project completion.

However, this provides an excellent investment opportunity as prices tend to increase significantly once construction is completed and apartments are delivered, especially amid infrastructure development and increasing housing demand in surrounding areas.

Under-Construction Apartments for Sale in Saudi Arabia by Imtilak Global

Imtilak Global has partnered with leading real estate development companies in Saudi Arabia to provide a range of under-construction apartments that meet the needs of clients with various budgets. Among the projects we offer:

  1. Riviera 28: This project is one of the luxurious options that combine elegance and modernity, providing comfort and security.
  2. Anwar Project: Located in the heart of the city, it offers easy access to essential and recreational services, making it ideal for families seeking comfort and security.
  3. Luxury 30 Project: It stands out for its contemporary designs and strategic location, facilitating access to commercial centers and educational institutions.
  4. Riyadh 6: This project offers multiple apartment options characterized by spaciousness and smart design to maximize space use.
  5. Rivan Project: It is a comprehensive project that combines comfort, security, and modern designs that meet the requirements of modern living.

Under-Construction Apartments for Sale in Saudi Arabia by Imtilak Global

Best Areas to Buy Under-Construction Apartments in Saudi Arabia

The Kingdom boasts several areas that are ideal for purchasing under-construction apartments, including:

  1. Riyadh: The capital is one of the most attractive cities for real estate investment, with continuous development in infrastructure and integrated services.
  2. Jeddah: Jeddah's coastal location and rapid urban development make it a preferred destination for those looking for luxurious and modern apartments.
  3. Khobar: Known as an important economic and commercial center, it offers diverse real estate options that meet the needs of investors and residents alike.
  4. Dammam: It is one of the promising cities in the real estate market due to its strategic location and continuous urban expansion.
  5. Mecca: Mecca is an attractive area for investment due to the continuous and high demand for properties, especially those adjacent to religious areas.

Book a Free Real Estate Tour with Imtilak Global

Imtilak Global offers a free real estate tour service, a unique experience that allows clients to explore the best real estate projects that match their desires and needs. Through these tours, the client's request is carefully studied, and diverse project offers are presented. Then, the client is taken on a free tour including the selected projects, allowing them to choose the most suitable for them comfortably and securely.

Imtilak Global is your trusted partner in the Saudi real estate market, distinguished by its extensive experience and cooperation with the leading real estate development companies in the Kingdom to provide the best investment opportunities.

Edited by: Imtilak Real Estate©

Update date: 2024-05-28

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