Apartments for Sale in Riyadh for Foreigners

Can Foreigners Own Apartments in Riyadh?

Yes — and the doors are now more open than ever. Under the updated property ownership regulations for non-Saudis, Saudi Arabia has allowed foreigners, whether individuals or companies, to directly own real estate through simplified procedures.

The goal of the new law is not only to stimulate buying and selling within the Kingdom, but also to invite you to become part of Vision 2030 and settle in one of the safest and most dynamic economic environments in the region.

Who Is Eligible to Own Property in Riyadh?

The new property ownership law for non-Saudis specifies several categories eligible to own real estate in the Saudi capital with simple procedures:

1. International Residents and Investors:

Residents and international investors are entitled to own property in Riyadh, whether they reside in the city or manage their business remotely from abroad.

2. Companies of All Types:

International companies of various types may own property in Riyadh under the new ownership system, whether for investment purposes or employee housing.

3. Premium Residency Holders:

Holders of Saudi Premium Residency are allowed to own property easily, with exceptional facilitation and access to prime locations.

The updated law also expands ownership to include all types of real estate (residential, commercial, industrial, and land). Ownership has also been opened in new areas according to the “Geographical Scope Document” defined by the competent authorities.

Steps and Procedures for Property Ownership

The new law outlines several steps that foreigners must follow to own property in Riyadh:

1. Verify Eligibility and Location:

Ensure the property is located within the permitted geographical zones.

2. Prepare Required Documents:

Typically including:

• Valid identification (Iqama/residency permit and passport)

• Prior approvals (from the Ministry of Interior, Ministry of Investment, etc.)

• Title deed verification to ensure no legal restrictions

• Proof of financial capability or income source

3. Submit the Application Electronically:

Through the Real Estate General Authority portal or the “Aqari” platform, using National Access login credentials and uploading property data and documents accurately.

4. Follow Up on the Application:

Monitor for additional requirements or final approval.

5. Complete Payment and Registration:

Once approved, transfer funds, notarize the contract, and register ownership in the Real Estate Registry under the new owner’s name.

6. Awaiting Executive Regulations:

Some detailed elements, such as the full Geographical Scope Document and specific fees, are expected to be clarified in the executive regulations to be issued soon.

Why Riyadh Is an Ideal Choice for Foreign Buyers

Thanks to its strong economic position and strategic importance, Riyadh is an ideal city for foreigners looking to buy property. It is not only the political and economic capital of Saudi Arabia, but also a promising residential and investment destination.

Riyadh hosts ministries, government authorities, headquarters of major local and international companies, banks, and financial institutions. This creates constant economic activity and high-quality job opportunities that attract thousands of experts and professionals from around the world.

Additionally, the city is witnessing major advancements in infrastructure and services, positively impacting overall quality of life.

Riyadh also offers flexible legal regulations, diverse housing options to suit various budgets and preferences, opportunities for Premium Residency, and access to world-class education, healthcare, and entertainment facilities within a diverse expatriate community.

Best Areas in Riyadh to Buy Apartments for Foreigners

Choosing the right neighborhood is one of the most important decisions before settling in Riyadh.

1. North Riyadh (Al Malqa, Al Yasmin, Al Narjis)

The destination for modern living. Ideal for those working in the Financial District or seeking proximity to international schools and the airport. Al Narjis offers a perfect balance between smart residential living and integrated communities.

2. East Riyadh (Al Rimal & Al Janadriyah)

For higher investment returns, head east. Prices are approximately 30% lower than the north. With mega-projects such as ROSHN, property values are expected to rise significantly in the coming year.

3. West & Central Riyadh

Al Olaya is ideal for those seeking a central strategic location close to commercial and administrative hubs (at premium prices).
Al Ared offers a balance between proximity to new commercial centers and mid-range pricing, making it attractive for families and investors.
Al Mahdiyah in West Riyadh provides a more economical option in a quiet residential environment with developed services.

Apartment Prices in Riyadh for Foreigners (2026)

According to the latest data at the beginning of 2026:

• The average apartment price per square meter in Riyadh is approximately SAR 6,700.

• The median price is around SAR 6,500 per square meter.

• For a typical apartment ranging between 70–120 sqm, total prices range from SAR 455,000 to SAR 804,000.

Several factors determine apartment prices, primarily location. Price differences between neighborhoods can reach three to four times. Proximity to major roads and commercial hubs significantly increases value, as do premium views (parks, landmarks), particularly in luxury residential towers.

Read more: Apartment Prices in Riyadh

Is Buying an Apartment in Riyadh a Good Investment for Foreigners?

Yes — buying an apartment in Riyadh in 2026 is considered a strong investment opportunity for foreigners.

With the implementation of the new foreign ownership law, international investors now have access to a growing market offering competitive returns.

The Riyadh real estate market is experiencing strong momentum:

• Residential unit sales increased by 63% in the first half of 2025 compared to the previous year.

• Transaction values exceeded $17.5 billion.

• Approximately 57,000 new housing units are expected to be delivered between 2026–2027.

This indicates continued urban expansion, population growth, and long-term asset appreciation potential.

Apartments for Sale in Riyadh by Imtilak Global

Imtilak Global Saudi Arabia offers a diverse portfolio of luxury residential and investment projects in Riyadh in cooperation with leading real estate developers.

1. Trump Plaza Jeddah:

A luxury mixed-use residential project located in Al Mohammadiyah District – King Abdulaziz Road, Jeddah. It offers high-end apartments with premium finishes and modern facilities within an integrated urban community close to vital services. It combines upscale living with retail and leisure spaces.

2. Osus Eye Project (Ain Osus):

Located in Al Nada – North Riyadh, this modern residential development offers luxury apartments designed for a refined lifestyle within an integrated community near Riyadh’s key destinations. It represents an excellent opportunity for upscale living and investment.

Discover more: Apartments for Sale in Riyadh

Own Your Apartment in Riyadh with Confidence with Imtilak Global

Invest confidently in the most dynamic capital in the Middle East with Imtilak Global — your trusted partner for apartment ownership in Riyadh. We offer exclusive projects in prime strategic locations tailored to your budget and designed to generate promising investment returns.

Contact us today to benefit from our free consultation and full legal support to achieve your property ownership goals in Saudi Arabia safely and easily.

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