How much do houses cost in Saudi Arabia?

Housing costs in Saudi Arabia Two-bedroom flats in this sort of location begin at around SAR 6,000, while three-bedroom apartments can go up to SAR 16,000. Outside these compounds, a 200-square-meter flat can be rented for around SAR 2000/month, however, in other cities costs can drop.

Can a foreigner buy a house in Saudi Arabia?

Foreigners are allowed to own real estate, but are subject to approval of the licensing authority. Foreign investors can purchase property for construction and investment, but this also requires prior approval. Foreign ownership is forbidden in Mecca and Medina.

Are houses expensive in Saudi Arabia?

In the capital city, Riyadh, A one-bedroom apartment averaged 360,000 riyals and the two-bedroom price was 537,500 riyals. The average price for a 3 bed-room villa in Jeddah was 2.57m riyals and in Riyadh the price of the same unit was 2.8m riyals in the first quarter, data from the report shows.

Can I buy house in Medina?

Foreigners are allowed to own real estate, subject to approval of the licensing authority. However, foreign ownership is forbidden in Mecca and Medina, except through inheritance, Non-Saudi Muslims are can obtain leases of up to two years in these cities. Leases are renewable for the same period.

How can I get Saudi citizenship?

Saudi Arabian citizenship may also be granted to a foreigner who fulfills the following conditions: They must have reached the age of maturity when submitting the application; they must be mentally competent at the time of submitting the application; they must have acquired the status of ordinary permanent residence in …

Is Saudi more expensive than Dubai?

Cost of living in Riyadh (Saudi Arabia) is 33% cheaper than in Dubai (United Arab Emirates)

How much is an apartment in Saudi Arabia?

Housing in Saudi Arabia for Expatriates Rental options range from small studio apartments to four-bedroom flats. A one-bedroom rental can range from $700/month to $1,500/month. 3-bedroom apartments range from $1,400 to $2,700/month.