Residency in Saudi Arabia Through Real Estate Investment

With continuous development across various sectors, Saudi Arabia has emerged as a distinctive destination for individuals seeking residency and investment opportunities. The Kingdom offers a unique blend of rich cultural traditions and modern aspirations, making it an attractive choice for those looking to experience a progressive and innovative environment. This overview delves into different aspects of residency in Saudi Arabia, highlighting the opportunities and benefits presented by this advanced and culturally rich destination.

Can Residency in Saudi Arabia be Obtained Through Real Estate Investment?

Yes, residency in Saudi Arabia can be obtained through the purchase of real estate. This process is part of the Kingdom's efforts to attract investors, promote the real estate sector, and diversify its economic sources. Individuals seeking real estate residency must be property owners and meet the conditions and requirements set by the Saudi authorities. This approach enhances the Kingdom's appeal as a destination for living and investing, allowing individuals to benefit from stability and participate in sustainable economic development.

Requirements for Obtaining Real Estate Residency in Saudi Arabia

1. The value of the owned residential property must not be less than SAR 4 million in Saudi Arabia.
2. The property should not be mortgaged or encumbered after the purchase.
3. The ownership of the property should not be acquired through real estate financing.
4. The property must be for residential purposes only.
5. The property should be constructed and not part of undeveloped or developing lands.
6. A certified valuation of the property's original value from accredited assessors registered with the Saudi Authority for Accredited Assessors "Taqeem."

Note: All mentioned conditions are subject to change based on legal developments and applicable regulations.

Advantages of Residency in Saudi Arabia

Distinctive residency benefits in Saudi Arabia include living in the Kingdom with family, freedom of movement between facilities, exemption from financial fees for expatriates, issuance of visit visas for relatives, as well as the ability to work in the private sector, engage in business activities, and own real estate.

Here are more details about the benefits of residency in Saudi Arabia:

1. Living in a Safe Environment

Saudi Arabia is renowned for its strong reputation in safety and stability, providing residents with a secure and comfortable living environment.

2. Employment and Investment Opportunities

The Kingdom offers diverse job opportunities across various sectors, focusing on promoting investment and supporting small and medium-sized enterprises, attracting professionals and entrepreneurs.

3. Business-Friendly Environment

The Saudi government is actively working to improve the business environment through structural reforms and facilitations for companies and investors, enhancing the Kingdom's attractiveness for business and investment.

4. Diverse Culture and Rich Heritage

Residents have the opportunity to explore a diverse cultural heritage in the Kingdom, enjoying recreational activities and regular cultural events.

5. Healthcare Services

Saudi Arabia provides an advanced healthcare system and high-quality medical facilities, ensuring excellent healthcare for residents.

6. Quality of Life Improvements

The Kingdom is undergoing significant transformations in entertainment and culture, with the launch of events and projects aimed at improving residents' quality of life.

7. Easy Transportation and Mobility

Saudi Arabia has developed its transportation and communication networks, facilitating easy mobility for residents between cities and regions.

Procedure and Required Documents for Real Estate Residency in Saudi Arabia

Procedure for Obtaining Real Estate Residency

1. Purchase the Property: The applicant must purchase a residential property that complies with local regulations.
2. Confirm Property Ownership: Document your property ownership through official documents.
3. Submit the Application: Apply for real estate residency through dedicated online platforms.
4. Document Review: The Immigration and Passport Office reviews the submitted documents to ensure compliance with the required conditions.
5. Security Check: A security check is conducted to ensure the applicant poses no security threats.
6. Payment of Fees: Pay the necessary fees for obtaining real estate residency.
7. Residency Card Issuance: Upon successfully completing all steps, the real estate residency card will be issued.

Required Documents for Real Estate Residency in Saudi Arabia

• Sales Contract: Document proving the property purchase agreement.
• Ownership Declaration: Document verifying your ownership of the property.
• Passport: Copy of passport and recent personal photos.
• Online Application: Completion of the online residency application on the official platform.
• Medical Examination: Health certificate confirming the applicant's health for residency.
• Personal Photos: Recent passport-sized photos.
• Financial Documents: In some cases, proof of official financial status and the ability to bear costs may be required.

Real Estate Residency in Saudi Arabia with Imtilak Global's Assistance

Through Imtilak Global, we can streamline the process of obtaining real estate residency in the Kingdom of Saudi Arabia. We fully understand the importance of choosing the right property and are committed to providing our services with high efficiency to ensure the comfort and satisfaction of investors. We offer comprehensive support, including careful property selection at the best prices, along with effective assistance at every step towards obtaining real estate residency. As a specialized company, we utilize all our resources and expertise to ensure a successful and smooth investment and settlement experience in the Kingdom.