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The Saudi government has authorized expats and foreigners with an Iqama to purchase one property in Saudi Arabia if the following conditions are followed.
There are five requirements for expats to acquire a home.
- Iqama is correct.
- Property information, as well as a copy of the official document, should be provided.
- In Saudi Arabia, he should not have any other property in his name.
- The location of the property should not be Makkah or Madina.
- The expat will solely use the home as a place to live.
Procedures in Detail
- Find the property by searching for it.
- Shaikh Al Aqar carries out a building inspection.
- On the price, everybody agrees.
- Make a search for a title.
- Request approval from the Ministry of the Interior (explained below)
- Apply for a mortgage and get pre-approved for one.
- Prepare the necessary paperwork and have the funds on hand.
- Notary Public Office Registration and First Visit (Ministry of Justice)
- Transfer of Deeds & Last Visit To The Notary Public’s Office (Ministry of Justice).
- In your name, receive the title deeds.
Submit an application for MOI acceptance.
Visitors can use their Absher profile to register for a property purchase in Saudi Arabia. In order to achieve this,
- Visit https://absher.sa to access your Absher accounts.
- Just underneath “My Services,” select the “Services” option.
- Choose “General Services” from the drop-down menu.
- Select “Request Property Ownership for Non-Saudis” from the drop-down menu.
A page will open with all of the terms & conditions that relate to foreigners buying property in Saudi Arabia.
- Select “Create Request” from the drop-down menu.
- Fill in the details about the property.
What happens if Iqama is no longer valid?
You’re probably wondering what would happen if you bought a property in Saudi Arabia as an expat and then couldn’t renew your Iqama for some reason.
The Saudi government does not now provide you the ability to prolong your Iqama based on the fact that you own property in Saudi Arabia.
Makkah and Madina real estate
Non-Saudis are generally prohibited from purchasing property in Makkah and Madina.
Expats in Saudi Arabia, on the other hand, can participate in real estate investment funds with assets in Makkah and Madina. They would be able to buy real estate in Makkah and Madina in this manner.
Inherited Property RulesI
Inherited Property Rules
If a property or residence is inherited, expats might own it in Saudi Arabia. As it was previously permitted, many expats own property in Saudi Arabia.
Furthermore, there are Saudis whose children were denied Saudi citizenship but are still considered as iqama holders.
If the property is tied to waqf and the Supreme Council of Endowment has a supervisory role in it, foreigners are not entitled to property rights.
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