Real Estate License
in Saudi Arabia
Obtaining a Real Estate License
Thriving Market: Saudi Arabia’s real estate sector offers lucrative opportunities for investors
Steady Growth: The market experiences consistent growth with ongoing development projects
Vision 2030 Alignment: Expansion plans align with Saudi Vision 2030, ensuring sustained growth
Government Backing: Strong government support and rising demand ensure the industry’s stability
Insights into the Real Estate Market
Housing Initiatives
The government focuses on affordable housing, notably through initiatives like Sakani, aiming to accommodate over a million families by 2030.
Commercial Development
Saudi Vision 2030 drives growth in commercial real estate, particularly in office and retail spaces, reflecting the increasing business activity in the country.
Real Estate Financing
Efforts by the Saudi Arabian Monetary Authority to enhance real estate financing include reducing mortgage down payments and introducing diverse mortgage products.
Tourism Expansion
Saudi Arabia aims to enhance its tourism industry, with projects like Qiddiya and the Red Sea Project, aligning with Vision 2030’s goals to boost hospitality and leisure sectors. Overall, the real estate market in Saudi Arabia promises a prosperous future, making it an attractive investment destination.
Requirements for Real Estate in Saudi Arabia
Real estate licenses are granted to foreign companies in the property sector if:
• The project’s total cost, covering both land and construction, is at least SAR 30 million.
• The investment is located outside of Mecca and Medina.
Required Documents
- Interested investors need to provide:
a) A certified copy of the commercial registration of the partner involved, endorsed by the Saudi Embassy.
b) If any partner holds citizenship from a GCC country and their details aren’t in the ABSHAR system, a copy of their national identity is required.
- Foreign companies applying for the license must also submit their financial statements for the previous fiscal year, verified by the Saudi Embassy.
Rules and Restrictions
- The Saudi shareholder(s) must hold a consistent percentage of total ownership and capital within the financial limits set for the specific business activity.
- Holders of premium residence status are exempt from submitting the aforementioned documents.
- If any partner has previously been licensed by the Ministry of Investment, this information should be disclosed when filling out the electronic application.
- During the electronic application process, the applicant must provide either the Saudi national identity/premium residence/residence data of any partner holding such status, or the commercial registration details for participating Saudi companies.
- For businesses involved in property investment projects, the project’s total cost, covering land and buildings, should be a minimum of SAR 30 million and located outside Mecca and Medina.
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