The Saudi government has announced that non-Saudis who are legal residents of the Kingdom, can now own a single property. However, certain conditions should be met to buy a property in the Kingdom. The Absher platform has set out several requirements that must be fulfilled by expatriates to buy a property in the Kingdom. What are these conditions? What is the procedure for buying a property? What if a property owner cannot renew his Iqama? To know more, keep reading.
Conditions to Own a Property in the Kingdom
Abshar explained with the support of infographics that the service enables residents to apply for a permit to own a property within the Kingdom, the following conditions are,
- The foreigner should have a valid and unexpired Iqama (Muqeem).
- The resident must provide all information about the property along with a copy of the title deed.
- He or she should not have another property in the Kingdom.
- The property should not be in Makkah or Madina.
- The expat will use the property only for residency purposes.
How can the Service be Availed?
Absher stated that the service can be availed through their Abshar account by the following steps,
- Click on My Services (Khidmaty) on the Absher platform, then entering Services (Khidmat).
- Then General Services (Al-Khidmatul Aamma).
- And from there to Application for owning real estate for non-Saudis.
A new tab will open with all terms and conditions from where the expats can buy their property. From there click on Create Request, and enter property information.
What if you can not Renew your Iqama after Buying a Property?
In case you buy a property in Saudi Arabia as an expat and then due to any reason you are not able to renew Iqama. Then, as of now, the Saudi government does not give you any right to extend your Iqama based on owning property in Saudi Arabia.
Can Saudi Expats Own Inherited Property?
In the case of inherited property, the expats can own a property or house in Saudi Arabia. Many expats own property in Saudi Arabia as it was allowed before. Moreover, there are Saudis whose children could not get Saudi nationality so they are still treated as Iqama holders.
Property Linked to Waqf
Foreigners are not entitled to property rights if the property was linked to waqf and if the Supreme Council of Endowment has a supervisory role in it.
In this way, the Saudi expats can now own property in the Kingdom. However, the property should only be used for residency purposes. For more information, do visit our website. Stay tuned to Saudi expat news.