Published
April 17, 2025
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Saudi Arabia is undergoing a transformative economic revolution. Under the Vision 2030 initiative, the country is diversifying its economy, attracting investments, and fostering a business-friendly environment. All of this, in combination with new investor friendly ownership laws and regulation is driving considerable demand.
Why Investors choose to invest in Saudi Arabia
Saudi Arabia's GDP surged by 8.7% in 2022, the fastest rate in over a decade. This remarkable growth is driven by strong oil prices, increased non-oil sector activity, and government investments.
The kingdom boasts the largest economy in the Arab world. It enjoys substantial financial reserves and a stable currency, providing a secure platform for investment.
Saudi Arabia boasts a rich cultural heritage with 10,000 historic sites and over 100 cultural sites. The country is home to 5 UNESCO world heritage sites, attracting millions of visitors. Seasonal entertainment events draw over 7 million visitors, contributing to the Kingdom's goal of attracting more than 94 million tourists annually.
Source: Statista
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Saudi Arabia’s property market has experienced steady price growth, driven by increasing urbanization, strong demand for quality housing, and significant government investment in infrastructure. Key cities such as Riyadh and Jeddah have seen notable appreciation, particularly in premium residential and mixed-use developments.
Average rental yields in Saudi Arabia are competitive, typically ranging between 6% and 8% in prime urban areas like Riyadh and Jeddah. These strong returns are driven by growing demand for high-quality rental properties, fueled by an influx of expatriates and Vision 2030's economic diversification efforts.
Due to increasing demand and limited supply of high-end properties, luxury real estate in Saudi Arabia offers high returns on investment.
Source: EuroWeekly, Just, Airbtics, Pinnacle, future hubs
Saudi Arabia is investing heavily in infrastructure with new cities, airports, and transportation networks, creating a modern and efficient environment.
The country offers a stable and secure business environment, with strong government support and a secure investment climate.
Saudi Arabia boasts a growing number of wealthy individuals fueling the demand for luxury real estate, creating lucrative investment opportunities.
0% income tax. 100% foreign ownership. Stronger investor protections and streamlined dispute resolutions.
The Saudi Real Estate market is supported by the $620 billion Public Investment Fund (PIF). Full Government Support: Grants, subsidies, and funding programs available.
Significant investments in world-class universities and research institutions, such as KAUST and Princess Nourah bint Abdulrahman University.
Sources: Y Chart, Euronews, Internations, Homelike, Celis, EuroNews
Sovereign Wealth Fund projected to manage $2 trillion in assets by 2030. Low Inflation: Stable inflation rate of 2.8% in 2023.
FDI Growth: Attracted $19.3 billion in FDI in 2022. Tax Incentives: 30-year corporate tax exemption for regional HQs.
Budget Surplus: $27 billion surplus in 2022, the first in nearly a decade. Labor Participation: 60% participation rate, bolstered by Saudization policies.
Saudi Arabia's GDP surged by 8.7% in 2022, the fastest rate in over a decade. This remarkable growth is driven by strong oil prices, increased non-oil sector activity, and government investments.
Sources: Reuters, Iberia Living, Andalucía, The A Position, Sevilla, ScienceDirect, Etias, PwC
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Riyadh, the thriving capital of Saudi Arabia, is at the forefront of the Kingdom’s Vision 2030 transformation. With unprecedented urban development, cultural revitalization, and economic reforms, the city has become a magnet for global property investors. From the King Abdullah Financial District (KAFD), a cutting-edge financial hub, to Diriyah Gate, a $50 billion heritage and lifestyle destination, Riyadh combines tradition with modernity. The Riyadh Metro further enhances urban connectivity, increasing property values in its vicinity and making the city a strategic investment hotspot.
Riyadh’s real estate sector is flourishing, driven by population growth and heightened foreign interest. Luxury apartments in vibrant districts like Al Olaya attract professionals and high-net-worth individuals, while exclusive villas in gated communities such as Al Nakheel and Sedra by ROSHN offer privacy and security, ideal for families and expatriates. The demand for off-plan properties continues to rise, delivering strong returns on investment as the city’s ambitious projects progress.
Saudi Arabia’s reforms have reshaped Riyadh into a highly favorable investment destination. Key incentives include 100% foreign property ownership in designated areas, zero income tax, and lucrative corporate tax policies. These measures, coupled with robust infrastructure and a growing economy, offer investors significant opportunities for long-term capital appreciation.
Jeddah, Saudi Arabia's vibrant coastal city, is a dynamic hub of culture, commerce, and investment opportunity. As the Kingdom’s commercial epicenter and a key player in Vision 2030, Jeddah is undergoing a remarkable transformation, blending its rich heritage with modern infrastructure and global appeal. Positioned on the Red Sea, its strategic location connects Africa, Asia, and Europe, solidifying its role as a logistical and trade powerhouse.
Jeddah’s booming real estate market caters to diverse investors. From luxury waterfront villas along the iconic Corniche to sleek urban apartments like those in Emaar Jeddah Gate, the city offers premium living options. Developments such as the Jeddah Downtown project and King Abdulaziz Road are redefining the urban landscape, while projects like the Jeddah Tower—the world’s tallest building—signal the city’s ambition on the global stage.
The city’s appeal extends beyond commerce. Historic Al-Balad, a UNESCO World Heritage Site, preserves its cultural roots, while vibrant attractions like the Jeddah Art Promenade and the Red Sea International Film Festival enhance its status as a lifestyle destination. High-end shopping at Red Sea Mall, waterfront dining, and world-class medical and educational facilities cater to both residents and expatriates.
With initiatives like the nearby Red Sea Project, eco-friendly developments, and sustained economic growth, Jeddah is poised to become a tourism and investment hub. Its strategic location, evolving infrastructure, and blend of tradition and modernity make it an exceptional choice for investors seeking both lifestyle and returns.
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Saudi Arabia’s property market is a force to be reckoned with. Driven by Vision 2030—a bold blueprint to diversify the Kingdom’s economy—the real estate sector is evolving at a relentless pace. For those eyeing opportunities, this isn’t a game of chance; it’s a calculated move into one of the Middle East’s most dynamic landscapes. From sprawling urban developments to untapped rural potential, the Kingdom offers a spectrum of options. Here’s the straight-talking guide to the top 10 insights you need to navigate buying and investing in property in Saudi Arabia.
Saudi Arabia’s real estate boom doesn’t exist in a vacuum. Vision 2030, launched in 2016, is the catalyst, aiming to reduce oil dependency and turbocharge sectors like tourism, entertainment, and housing. Mega-projects like NEOM—a $500 billion futuristic city—and the Red Sea Project are rewriting the rules. These aren’t just headlines; they’re reshaping property demand. Cities like Riyadh and Jeddah are seeing population growth and infrastructure upgrades, pushing urban land values higher. Data from the Saudi General Authority for Statistics shows residential construction permits spiked by 12% in 2023 alone. This is the foundation—understand it, and you’re ahead of the curve.
Riyadh is the beating heart of Saudi Arabia’s property scene. Home to over 7 million people, it’s a magnet for business and government expansion. The Riyadh Season, an annual entertainment extravaganza, and the Kingdom Centre Tower signal its global ambitions. Residential prices here have climbed steadily—reports from Oxford Economics peg average annual growth at 8% since 2020. Why? Demand outstrips supply, and new districts like Diriyah Gate—a UNESCO-backed heritage site turned modern hub—are drawing sharp interest. This isn’t about fleeting trends; it’s about a city cementing its dominance.
Jeddah offers a different flavor. As the Kingdom’s commercial hub and Red Sea port, it blends trade with tourism. The Jeddah Waterfront and Corniche have transformed its appeal, while the $20 billion Jeddah Economic City project promises skyscrapers and innovation. Property here leans toward high-end apartments and villas—think seafront premiums. According to Knight Frank’s 2024 Global Cities Report, Jeddah’s prime residential market grew 6% last year. It’s a coastal powerhouse with staying power, not a passing fad.
Don’t sleep on the Eastern Province. Dammam, Khobar, and Dhahran form an industrial trifecta tied to the oil giant Aramco. But it’s not just about energy anymore—new residential zones and retail hubs are shifting the narrative. The region’s proximity to Bahrain via the King Fahd Causeway adds cross-border appeal. Land prices here are lower than in Riyadh or Jeddah, yet growth is steady. A World Bank report notes infrastructure spending in the east jumped 15% in 2023. This is where patience meets potential.
Saudi Arabia’s property laws have evolved to open doors. Since 2000, non-Saudis can own real estate in designated areas, with exceptions for Mecca and Medina due to their religious status. Freehold ownership is now an option for foreigners in specific zones, though leases remain common. The Saudi Real Estate Registry streamlined transactions in 2022, cutting red tape. Still, due diligence is non-negotiable—title deeds, zoning laws, and developer credentials matter. This isn’t a wild west; it’s a system built for clarity if you play it smart.
The data paints a clear picture. Residential real estate transactions hit 240,000 in 2023, up 10% from the prior year, per the Ministry of Justice. Prices vary wildly—Riyadh’s upscale neighborhoods like Al Rajhi average $1,200 per square meter, while secondary cities hover closer to $600. Commercial properties, especially retail and office spaces in urban cores, are also heating up. The catch? Supply lags behind Vision 2030’s housing goal of 70% homeownership by decade’s end—current rates sit at 62%. That gap is your window.
Timing is everything. Off-plan properties—bought before completion—are a hallmark of Saudi Arabia’s market. Developers offer them at lower entry points, banking on future value as projects like Qiddiya (an entertainment mega-city) take shape. The flip side? Delays happen, and quality isn’t guaranteed until handover. Ready-built homes, meanwhile, command premiums but deliver certainty. A Bloomberg analysis found off-plan sales surged 18% in 2024, reflecting buyer appetite for early moves. Weigh the risks, then act decisively.
Cash is king, but financing is gaining ground. Saudi banks like Al Rajhi and Samba offer mortgages with terms up to 25 years, often at rates below 4%, thanks to Saudi Central Bank policies. For non-residents, options are trickier—international lenders or developer payment plans step in. The Sakani program, a government-backed initiative, has disbursed over $10 billion since 2017 to boost ownership. This isn’t about handouts; it’s about fueling a market that rewards the prepared.
Vision 2030 isn’t just building cities—it’s luring visitors. Tourist arrivals topped 27 million in 2023, per the Saudi Tourism Authority, up 56% from 2019. That’s sparking demand for short-term rentals, especially in Jeddah, AlUla, and Riyadh. Platforms like Airbnb report listings in the Kingdom doubled since 2021. Properties near cultural sites—think Al Rajab Historical City—or event hubs like Riyadh Season are goldmines. This isn’t hype; it’s a trend with legs.
Green building isn’t optional anymore. Saudi Arabia’s pushing hard—NEOM aims for 100% renewable energy, and the Saudi Green Initiative targets net-zero by 2060. New developments flaunt solar panels, smart tech, and water-saving designs. Buyers notice—properties with sustainability cred command 5-10% premiums, per a McKinsey report. This isn’t a feel-good gimmick; it’s a market edge that’s here to stay.
Saudi Arabia’s property market isn’t for the faint-hearted. It’s a high-stakes arena where strategy trumps guesswork. From Riyadh’s urban sprawl to Jeddah’s coastal pull, every region has its play. The numbers—rising transactions, climbing prices, surging tourism—signal momentum. But it’s the intangibles—Vision 2030’s ambition, legal reforms, sustainability shifts—that set the stage for what’s next. This isn’t about chasing trends; it’s about understanding a market in motion and moving with it.
For those ready to dive in, the Kingdom offers a rare blend of scale and opportunity. Whether it’s a villa in Jeddah or a plot in the Eastern Province, the key is precision. Research the data. Master the rules. Time your entry. Saudi Arabia’s real estate landscape rewards those who come prepared—no fluff, no shortcuts, just results.