Invest in Saudi Real Estate to Get Premium Residency
Saudi Arabia has introduced a premium residency program for foreigners who invest SR 4 million in real estate.
7 Types of Saudi Premium Residencies
Even if you do not have SR 4 million to invest, expats can still purchase one residential property in Saudi Arabia.
Requirements
To qualify for Saudi Premium Residency through real estate investment, the following are required:
- Valid Passport
- Medical examination
- Valid Iqama (for current Iqama holders)
- Investment of SR 4 million
- Application Fee: SR 4,000
Benefits of Saudi Premium Residency
Saudi Premium Residency offers several advantages, including:
- Residency for spouse and all children under 25
- Conducting business in Saudi Arabia
- No dependent fees for family members
- Travel without the need for an exit reentry visa
- Owning real estate in your name in Saudi Arabia
- Iqama transfer without any transfer fee
- Hosting and inviting relatives
Saudi Premium Residency with Real Estate Investment
Eligibility for Saudi Premium Residency through real estate investment includes the following criteria:
- Minimum Investment: SR 4 million
- Property must be free from mortgage
- Property cannot be mortgaged in the future
- Property purchase must be without financing
- The real estate must be residential
- The property must be fully developed (not just a plot)
- Property valuation must be approved by a Taqeem-registered evaluator
Validity
The Saudi Premium Residency obtained through real estate investment remains valid as long as the property is under your ownership.
You can apply for it here
