The Kingdom of Saudi Arabia, has launched new “real estate option” under the premium residency program. Under the new RE program, foreign investor must buy a property worth a minimum of SAR 4,000,000 in Saudi Arabia. The residency duration is linked to the ownership of the property.
General benefits
- Reside in Saudi with family members, including parents, spouses, and children under 25.
- Flexibility to move from one establishment to another.
- Exemption from the fees imposed on expats and their dependents and companions.
- Exit and return to Saudi for the premium residency holder and their family members without requiring a visa.
- The entitlement to obtain visit visas for relatives.
- Use tracks dedicated to citizens at airports.
- The entitlement to work in the private sector and move between establishments applies to the husband, wife, and dependents, including the daughters’ and sons’ dependents.
- Conducting business under the guidelines of The Investment Law.
- Own and Usufruct real estate.
Eligibility Criteria
- Own or Usufruct real estate assets worth a minimum of SAR 4,000,000 within Saudi
- The property is free from existing and future mortgages.
- Property ownership or utilization is not associated with real estate financing.
- The real estate must be residential.
- The real estate must be developed and not from undeveloped or unimproved lands.
- The real estate asset must be appraised by accredited valuers within the Saudi Authority for Accredited Valuers “Taqeem”.
Residency Duration
Tied to real estate ownership or usufruct
Onetime fee:
4,000 SAR
Electronic Platform
The Premium Residency Center has launched a new electronic platform to make applying for Premium Residency simpler and smoother. The platform provides a package of advanced digital services designed according to the highest international standards. These services help ensure better communication with applicants from around the world.
