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Real Estate, The Investment of a Lifetime

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The Best Neighbourhoods in Riyadh with Investment Value:

Malaz District

As Sulaymaniyah District

Al Olaya District

With the economic diversification that took shape in the past years in the Kingdom of Saudi Arabia, the investment movement grew in all fields, due to the interest in pioneering at a new market that has always bestowed its generosity and its high profit value to the investors. Following the proposition of Vision 2030 Agenda, investment aspirations in the Kingdom exceeded even the regional borders, enticing the most powerful investors and companies around the world. Unprecedented cost-effective properties Riyadh, and the Kingdom in general, are promised to those privileged to take share in building the new era of Saudi Arabia. Real estate sector has received the lion's share of this attention, due to its emergence as a need that must be covered as soon as possible to accommodate the investment crews coming from abroad, thus creating Riyadh property investment opportunities to be fulfilled by hundreds of companies. Consequently, many developers stood out to take their place on the real estate stage, urged to become creative in presenting innovative projects that generated competitive Riyadh property market bargains with various designs and concepts. All this led to the availability of reasonable Riyadh property sales offers, budget-conscious real estate Riyadh, and value-focused housing Riyadh. In addition, the increase in demand on real estate market has accelerated by far, also leading to an increase in the value of capital and the added value of real estate. Fortunately for the investors who hesitate to put large amounts of money in one investment fearing to lose their capital due to the fluctuating economic conditions around the world, real estate market is one of the few sectors that avoided falling under the domination of economic globalization. In other words, the network of real estate transactions is subject to the conditions of one country and is not related to the economic conditions outside the territory of this country. On the other hand, when intending to invest in real estate, the investor must study his aim of freezing his capital in this venture, and accordingly they search for the best areas that suit their investment.

In this article, Mada Properties presents for you the insight of its real estate consultants on this matter, to provide you with a summary of the best Riyadh areas for investment in terms of value, and we show you a glimpse of the advantages that make these neighbourhoods valuable.

Malaz District

It is one of the most luxurious and famous neighbourhoods in Riyadh, located in east Riyadh. This neighbourhood is called Banan due to the spirit of luxury that dominates it and the quality of buildings and designs. Being one of the oldest neighbourhoods in Riyadh, it has gained enough importance and attention to establish many government agencies in it, such as the Ministry of Justice, the Ministry of Finance, the General Authority of Customs, the Saudi General Authority for Sports, Prince Faisal bin Fahd bin Abdulaziz Stadium, King Abdulaziz University Hospital, and many other service and technical bodies.

Al-Malaz District also prevails an important historical space in Riyadh, manifested in the form of some historical buildings that confirm the authentic identity of this neighbourhood. The most important of these buildings are King Saud I University building, the City of Employees, and the Saudi Book House. Al-Malaz District occupies a strategic location in the capital, as it lies on the intersection of Omar bin Abdulaziz Road and Al-Dubbat District from the north, bordered by Omar bin Al-Khattab Road and Thalim District from the south, while Ali bin Abi Talib Road and Al-Safa District adjoin it from the east, opposite to King Abdulaziz Road and the square District from the west.

And most importantly for your investment, the neighbourhood contains best value homes Riyadh, Riyadh budget property investments, apartments for sale in Riyadh, villas for sale in Riyadh, lands for sale in Riyadh, and apartments for rent in Riyadh. The neighbourhood also contains service facilities of the highest quality, such as restaurants, cafes, entertainment, and health care centres. Among the most famous streets of Al-Malaz District are 60th Street, Al-Ahsa Street, University Street, and Dhahran Street. It is also distinguished by the multiplicity of entrances and exits to and from it.

As Sulaymaniyah

One of the neighbourhoods affiliated to Al Olaya Municipality in north Riyadh, As Sulaymaniyah District is considered the commercial centre of the capital as it contains the best chains of hotels, restaurants, commercial, and shopping centres. These establishments made it one of the most luxurious neighbourhoods in the capital, increasing, as such, its real estate prices and rents, singling out its lifestyle to the elite. As Sulaymaniyah District has gained its importance due to its premium location, as it is bordered by Al-Urouba Road and Al-Worood District from the north, while its southern side lies alongside Makkah Al-Mukarramah Road and Al-Wazarat neighbourhood. From the east, the neighbourhood borders Abu Bakr Al-Siddiq Road and King Abdul Aziz neighbourhood, and from the west, Al Olaya District in Riyadh. As for the most important landmarks in As Sulaymaniyah District, in addition to the aforementioned shopping centres and the most luxurious hotels, the neighbourhood includes the Saudi Telecom Company, the General Administration for Security and Safety at the Ministry of Health, the Ministry of Health - Medical Referral Centre, the Military Police, and King Fahd Medical City. Together, they turn As Sulaymaniyah District to an inclusive investment melting pot inviting investors to seize the best deals on Riyadh properties, as it contains villas for sale Riyadh, apartments for sale Riyadh, and lands for sale Riyadh.

Al Olaya District

A neighbourhood affiliated with the Municipality of the North, but it is one of the most important and oldest neighbourhoods in Riyadh, as it includes the most important landmarks of the capital, such as the Kingdom Tower and the Faisaliah Tower, increasing, as such, the value of the neighbourhood. In addition to hosting the Saudi Ministry of Interior, Al Olaya District is home to a variety of service establishments, including recreational, educational, medical, and governmental facilities, in addition to its proximity to King Khalid International Airport and King Fahd National Library. The place gained its importance from its location on the outskirts of Al-Urouba Road, Al-Rahmaniyah neighbourhood, and Al-Wurood neighbourhood from the north, opposite to Makkah Al-Mukarramah Road, King Saud Road, and Al-Murabba neighbourhood from the south, while bordering As Sulaymaniyah neighbourhood on the east, alongside Al-Takhasosi Street and Al-Ma’athar Al-Shamali neighbourhood from the west. Al Olaya neighbourhood is located in the middle of a road network which makes it open to different exits and directions that facilitate access into and out of it. As a result, the demand for real estate in Al Olaya District increased for residential purposes, as well as touristic curiosity to come and live the prestige experience offered by the two most famous towers in the capital. This invited the authorities to ascertain the sophisticated ambience in the neighbourhood to serve as a grand façade of Riyadh and the kingdom.

It is known that Riyadh property market value propositions have grown significantly in recent years, as developers are trying to provide reasonably priced homes Riyadh and maintain Riyadh property market affordability. This has created competitive Riyadh real estate promotions in response to the high demand. As a result, suitable Riyadh real estate deals surged in the market to present an attractive invitation to those looking for Riyadh property market value picks that would guarantee them steady high return on investment, secured from the fluctuations of other investment sectors. Nevertheless, while prioritizing value-for-money real estate Riyadh, we cannot stress any less the importance of the place where to make the investment. Hence, we presented three Riyadh neighbourhoods with the highest value efficiency for you in this article.

Thus, in order to ensure that your investment is leading the most feasible direction, all you have to do is contact Mada Properties, the leading Saudi real estate company, in order to help you obtain the best property in Riyadh and the Kingdom in general.

The agenda of Vision 2030 included progressive ideas for all aspects of life in the Kingdom of Saudi Arabia, without limitation to the economic schemes. Rather, it was also keen to develop the entertainment options, turning the Kingdom into a melting pot of endless activities. Further, its modernist influence extended to instigate a renaissance movement in the housing sector in the Kingdom. Accordingly, Saudi Arabia has witnessed a development in the construction field, trending towards providing homes with a global lifestyle to set up the Kingdom to embrace the upcoming global investment wave towards it, by establishing projects that provide international housing specifications compatible with the mixture of cultures that will occupy each of these projects. As for the first option already available, which is the ideal destination for foreigners to continue living the lifestyle they are accustomed to in the heart of the Kingdom of Saudi Arabia, the luxury residential compounds Riyadh will be their first choice. The Best compounds for expats in Riyadh with many entertainment options in Riyadh compounds, such as indoor and outdoor amenities and surrounding services that make their living in the Kingdom no different from living in their own countries. However, these features have made safe and secure compounds in Riyadh a target not only for foreigners, but many have become aspiring to find family-friendly compounds Riyadh, whether they are looking for modern villas for rent Riyadh compounds or for sale, as well as private apartments in Riyadh compounds, especially Green and eco-friendly compounds Riyadh, top amenities in Riyadh compounds, close to schools compounds Riyadh, or the top compounds near business districts Riyadh. In this article, we will show you some of the premium residential compounds Riyadh.

Luluat Al Rehab

Haya Compound

Al Rayyan Compound in Riyadh

Al Ghadeer Compound

Al-Maather Compound

Al Hamra Compound Riyadh

Luluat Al Rehab

With an area of ​​more than 17,000 square meters, Luluat Al Rehab Compound is one of the most luxurious gated communities in Riyadh because it provides the embodiment of the luxurious living in Riyadh compounds, and for having top amenities in Riyadh compounds. Luluat Al Rehab includes 95 spacious apartments in Riyadh compounds, in addition to 48 modern villas for rent Riyadh compounds or for sale. The number of rooms in the apartments ranges from 1 to 3, while the villas consist of 3 rooms. The compound occupies a strategic location in Al-Rehab district, near the Darayya area on King Khalid Street, providing easy access to the diplomatic quarter in Riyadh. The compound also puts you in proximity to many health facilities, shopping centres, schools, banks, shops, restaurants, and cafes, in addition to being a Riyadh compound with swimming pool. Moreover, being one of the central location compounds in Riyadh, the site promises you absolute peace and tranquillity, located far away from the traffic jams around Riyadh, making it easier for you to move to and from your home. It is also famous for being one of the best recreational facilities compounds Riyadh as it offers many luxurious amenities, such as swimming pools, sauna, gym, kids play area, parks, cinema, nursery, and many services.

Haya Compound

Luxurious living in Riyadh compounds has never been better than Haya Compound, as it is one of the best gated communities in Riyadh in terms of privacy and security. The compound includes 27 independent villas containing a ground floor, first floor and rooftop, in addition to 2 VIP villas consisting of two floors. Each of the villas includes its private amenities, such as a private swimming pool and garden, a maid's room, and a parking lot. Haya is also one of the Central location compounds in Riyadh, situated on the Rabwah area, adjacent to Omar bin Aziz Road, which leads to many of the capital’s most important shopping and entertainment facilities, besides educational and health institutions. For those looking for entertainment options in Riyadh compounds that suit their lifestyle, Haya Compound offers many of them, including parks, jogging tracks, adults and kids swimming pools, gyms, squash courts, and more.

Al Rayyan Compound in Riyadh

If you are also keen on the high-quality construction compounds Riyadh, and the elite interior and exterior designs, then Al Rayyan Compound is the perfect choice for you, as it is one of the luxury residential compounds Riyadh. Al-Rayyan Compound is situated in Al-Rumman Street, one of the streets of Al-Saada neighbourhood, characterized by tranquillity and sophistication, while located in the east of the capital, Riyadh, along the Second Ring Road from the east. Al Rayyan Compound provides various types of residential units, from private apartments in Riyadh compounds to luxury villas, with modern décor designed to show the luxury of the place, while preserving the practical touch in the surroundings for your comfort. Al Rayyan also offers top amenities in Riyadh compounds, where you can find the most famous restaurants in Riyadh, free parking, and 24-hour security systems.

Al Ghadeer Compound

Luxurious living in Riyadh compounds is represented in Al Ghadeer Compound, as it is considered one of the most important communities in Riyadh because it contains many advantages. First, the location of Al-Ghadeer Compound in Al-Ghadeer district, close to the airport road, King Abdullah Financial District, and many government facilities, makes it one of the top compounds near business districts Riyadh. In addition, it is one of the close to schools compounds Riyadh, as it is surrounded by a number of international schools. In addition to having best nearby healthcare facilities compounds Riyadh, next to Al Ghadeer, it is also located within walking distance of major shopping centres and various entertainment facilities. Al Ghadeer Compound contains 12 villas, 40 apartments, and 10 masterful residential designs that reflect the elegance of your lifestyle. All of this, in addition to providing 52 parking spaces, featuring as one of the amenity-rich compounds in Riyadh, and being a compound with a swimming pool in Riyadh, make Al Ghadeer Compound a wonderful residential or investment opportunity for you.

Al-Maather Compound

Al-Maather Compound has a distinctive identity in terms of the design and style of its buildings, as it does not only contain private apartments in Riyadh compounds, but it also provides high-end suites, offering a total of 134 suites and apartments. Al-Maather Compound is located in Al-Anoud Tower on King Fahd Street, which is the most important main road linking all the outskirts of the capital, Riyadh, north and south to its centre, and it also intersects with many other main roads. The complex also provides you with top amenities in Riyadh compounds, as it contains a recreation area, a kids play area, as well as private swimming pools inside the houses. Moreover, Al-Maather Compound is not only a Riyadh compound with swimming pool, but also a high-luxury lifestyle that puts you in contact with various health, educational and entertainment facilities, making it one of the central location compounds in Riyadh.

Al Hamra Compound Riyadh

For a completely exceptional life unlike any other gated communities in Riyadh, Al Hamra Compound offers you a lifestyle and amazing urban designs that simulate the beauty of living on a green island isolated from everything around it, as it is one of the green and eco-friendly compounds Riyadh. Al-Hamra Riyadh Compound, known as Al-Hamra Oasis, is located in Al-Shuhada neighbourhood, one of the finest and best in the capital Riyadh, which is characterized by its strategic location close to the airport, and adjacent to several main roads in the capital from all sides, such as Khalid Bin Al-Walid Road, Imam Abdul Allah bin Saud bin Abdul Aziz Road, Eastern Ring Road (leading to the airport) and Dammam Road. The complex is also one of the amenity-rich compounds in Riyadh, as it is a compound with a swimming pool in Riyadh, containing adults and kids swimming pools; it also provides tennis, squash, basketball and volleyball courts.

In this article, we have reviewed various types of exclusive living compounds Riyadh, including the best compounds for expats in Riyadh, the top compounds near business districts Riyadh, well-landscaped compounds in Riyadh, premium residential compounds Riyadh, central location compounds in Riyadh, top compounds near business districts Riyadh, close to schools compounds Riyadh, and of course the top amenities in Riyadh compounds. We also talked about entertainment options in Riyadh compounds, Nearby healthcare facilities compounds Riyadh, exclusive events in compounds Riyadh, and finally green and eco-friendly compounds Riyadh.

So, if you are aspiring for the best luxurious living in Riyadh compounds, all you have to do is book your consultation appointment with Mada Properties, and our team of specialists will work to secure a list of the best luxury residential compounds Riyadh for you.

The Real Estate Consultant – The Winning Card up your Investment’s Sleeves

Contents

Your Real Estate Consultant

Real Estate Prices in Riyadh

Your Real Estate Consultant from Mada Properties

Real Estate Assets – the Economic Climax

Investments have always been considered a double-edged sword, stabbing by the unexpected final end of the process. That is, if you seal a lucky bargain, your positive results will brighten your financial horizon, yet the consequences would be so drastic if any negative conversion should loom in your accounts. However, this contingency has now subsided, along with the speculations on the probable results of the investment journey, and they were superseded by meticulously planned preparatory stages that cover all aspects of the investment, including budget planning, as well as risk management, in order to anticipate any probable risk, and eliminate its threats, even before they are even formed, to guarantee one and only result of the process, and that is success. The best example of a well-studied investment, when investing in real estate, is getting a firm first step into this journey, by securing the services of a trusted real estate consultant, with inclusive experience enough to organize for you a strategic scheme towards profitable ROI of your property. The discussion of real estate here is raised because recently, even though a lot of investment proposals might be crowding your table of future planning, market statistics have proven that there is no more concrete investment than real estate. Pun as it looks to be, but the stability that property provides has dictated the superiority of the real estate market over all other investment adventures, since real estate has always been on the shining side of the profitable investment market. In this blog, we will be touching upon the main factors to finding your perfect realtor, as well as analyzing the realtor’s role as a guarantee of your investment success.

Your Real Estate Consultant

Despite the broad meaning of the perfect real estate consultant, yet there are some features to look for in the real estate agent, that will guarantee you high quality processes and deals, and the most important of them are their inclusive understanding of the real estate market, transparency, and credibility. The realtor’s inclusiveness is the core element towards your profitable investment because when you first meet your real estate consultant, he will pose some questions to identify your preferences in this investment, your motives towards it, be it residential, commercial, or mere investment, and your future aims concerning it. Gathering such information presents a pivotal point in the process, as it will enlighten the realtor on your investment inclinations. Here comes his role in deploying his knowledge to narrow down the scope of search to list for you only relevant results in your search. Secondly, when the real estate agent showcases the options he finds to be matching the client’s demand, he needs to be clear on all positive and negative points residing in these results, as well as in the client’s demands themselves as they might be not well-calculated from the latter’s side. Lastly, when it comes to credibility, it needs to be prevailing over each stage of the process, beginning with forming a firm association between the buyer and the developer, in addition to completing all transactions fast and accurately. Finding these features in your real estate agent means that you are the closest you can be to the perfect realtor. Moreover, if you have already set your mind to buying a residential property, then it is better to add to all the aforementioned features taking the advice of a specialist residential real estate consultant. This type of consultancy specializes in securing houses for clients wishing for a long-term residence. Their extra privilege is that they work on a wider comprehension of the client’s demands both on personal and familial levels. That is, keeping in mind the financial profit, they prioritize answering the family’s requirements by finding homes for the family to grow in.

Real Estate Prices in Riyadh

Recently, the investment’s spotlight has been mainly focused on KSA, which has simply become a given fact after the announcement of Vision 2030 which has brought about inclusive, and sometimes radical, reforms in various social and economic aspects in the kingdom. One of the priorities this vision focuses on is turning Riyadh into a sustainable city, as well as presenting it as the new international melting pot of all cultural and economic trends, for which many plans are being implemented. A major example of these plans is establishing the ‘New Murabba’ that will be residing in the middle of the new downtown, to be constructed by the year 2030 as well, turning Riyadh into the architectural icon of the future world. Following these developments, a significant number of investment opportunities arose, directing all the interest towards Riyadh, where the center of the Middle East economy is expected to shift in the near future. This comes only as an addition to the already existed high demand of the Saudi citizens and the residents living in Riyadh, but still looking for more properties to provide residences for their family members as well. This intensive demand caused prices to soar consistently and continually high in Riyadh real estate market. These surmounting obstacles are only subdued when met by the inclusive experience of a realtor whose knowledge of the real estate prices in Riyadh is deep, enabling him to approximate your needs to the closest features within your budget range in the market.

Your Real Estate Consultant from Mada Properties

Therefore, to set firm foot into this lucrative dream of investment, just reach out to Mada Properties, the best Saudi real estate company, to provide you with a premium real estate consultant with an inclusive knowledge of real estate prices in Riyadh, be it residential real estate or commercial real estate, as well as the suitable area sizes and locations for you. In addition to providing such a wide selection of Riyadh properties, Mada Properties will grant you the perfect real estate agent who will walk you through investment thoroughly to guarantee finding you the ultimate result desired.

Thus, if you are looking for a permanent residence, get in touch with our residential real estate consultant who will turn your dream house into truth. While if you are an aspirant towards a grand investment, the real estate agent specialized in investments will first discuss your preferences with you, then he will lay out a collection of the best matches for them for you to choose from, making sure that you will gain the ultimate profit out of this process. Also, whatever demands you have will be answered by your real estate consultant. Whether it is buying, selling, leasing, or managing your property, our real estate agent will grant you the best property deal you will get in the real estate market and the best real estate prices in Riyadh ever.

Meet the premier real estate consultant at Mada Properties to turn your investment dreams into reality.

Mada Properties – Saudi Real Estate Company

Get to know Mada Properties – The Leading Saudi Real Estate Company

Contents

1-     Introduction about Mada Properties – Saudi Real Estate Company

2-     The Team of Experts at Mada Properties

3-     Achievements

4-     Company Services

a.      Real Estate Services

b.     Marketing Services

5-     Towards Universality

Introduction about Mada Properties – Saudi Real Estate Company

Mada Properties is a leading Saudi real estate company functioning on a high level in the real estate realm in the last few years. It widely prevailed over the real estate world after being established on firm bases of long experience in the market for around 20 years. This experience, of both the founders and the realtors, has accumulated through the long years of real estate dealings, covering different real estate aspects and on many levels, whether they were individual residential or commercial units, all the way to covering selling or buying whole projects. However, the company’s progressive vision has not been limited to these dimensions; rather, it delved deep into the core of real estate world, as it opened a private marketing department to directly oversee the marketing process of every property it handles. Accordingly, properties will immediately be in the hands of those interested in real estate investment, providing, as such, more investment probabilities for both ends of the deal.

The Team of Experts at Mada Properties

What is more, behind the accumulation of the long experience provided by our team of experts, Mada Properties has gathered realtors of different cultural and scientific backgrounds. This variation was taken care of to enable us to fathom all clients’ essential demands, as well as their motives behind the deal, be it residential or for investment, to plan, accordingly, the investment journey that will meet their demands.

Achievement

Throughout the past few years, innumerable achievements have been ascribed to Mada Properties’ name. a record of these achievements has been clearly proven in the number of projects the company recently marketed until they were sold out in a short period of time, turning the company’s ambitions to prevail over the real estate market a certainty. A major factor in the grand success was the company’s progressive vision and planning, as they facilitate the company’s reaching out to a wider audience, bringing, as such, a whole lot of investment opportunities to even more lot of interested investors. A prime example on this Saudi real estate company’s progression lies in creating its in-house CRM system, which automatically transfers the interested clients’ details to the specialized realtor. What is more, the company developed its private online booking system that provides inclusive information on the best Riyadh properties and Saudi properties in general. Along with the deployment of technology, this excellence comes as a result of the grand effort exerted by the realtors of the company. This highly appreciated effort rendered the statistics of the numbers of real estate transactions in the company soaring quite high to turn this real estate company into a leading platform of success, surpassing all the competing conditions and companies around. The magnificent performance of Mada properties is reflected in the variety of real estate services it provides in its own advanced techniques, as the company has been proven worthy of its consecutive achievements in different services.

Company Services

Real Estate Services

The company provides a wide selection of services, covering all the aspects of real estate market. These services include buying, selling, leasing, managing all types of properties that range from land plots to whole towers, and investments. That is, each one of them is meticulously handled with the inclusive knowledge of our real estate agents and their long experience in the real estate world. Examples of our high-quality services are:

Property management

Off-plan sale

International properties

Residential and commercial sales and leasing

Joint venture

Development consultation

Investment Consultation

These services answer to all the demands of both investors and developers, for those who wish to get any kind of consultancy pertaining to their upcoming projects, such as the design of the building or the units, the number of units this building is preferred to offer, the amenities it should provide, the prices it is advised to release, and the advertising materials needed to guarantee a wide spread of the project to all the clients deemed to have matching demands to this project.

Marketing Services

All the more, our services exceeded the usual service provided by any other real estate company, as we established a whole marketing department, with highly professional team, operating mainly from Dubai, to introduce into Saudi Arabia the international experience it brought together. Following that, Mada Properties started providing exceptional services in overtaking whole projects in exclusive marketing contracts and handling all the marketing aspects towards selling the project within record time that did not exceed 11 days in one of these projects. Our basic marketing services include:

Presenting strategic plans for the project marketing.

Attracting clients with similar interest as the project.

Email marketing.

Marketing and posting content on social media.

Linking the property being marketed to search engines for optimization.

Publishing articles related to the project.

In addition to these services, our exclusive marketing services bring about an extra level of elite services, including:

Guarantee a wider prevalence of the property through our rich database.

Design a PDF for the project.

Use 3D technique to picture the off-plan project.

Use 360 degree to shoot the ready project.

Shoot and edit a video of the property.

Provide a call center to receive all enquiries pertaining to the project and offer the clients the best services.

Present weekly reports.

Towards Universality

Moreover, being a Saudi real estate company does not entail that Mada Properties only functions in KSA, since the company has already launched its branch in UAE, to take Dubai as its first step towards universality. The vision Mada Properties has taken to implement was not exclusive to being Saudi real estate company only, but to become an international company providing happy homes all around the world. The company’s priority is the clients’ best interests, and that is why we insist on providing our professional consultation to make sure that our clients get what best suits their investing inclinations, motives, purposes, and aims. And to widen our scope of work to a more worldwide effect, we started acting from Dubai, by providing realtors from various nationalities and backgrounds, with their worldly experience, to be able to cover broader ranges of international properties for all kinds of investors all around the world, and to be able to deliver our services to even a wider range of international investors aspiring to take part in the Saudi real estate market.

Still looking for the premium Saudi real estate company to help you start your investment? Welcome to Mada Properties, the leading real estate company.

The birth of a new global economic metropolis on Saudi land.

Contents

Vision 2030

Legislations towards Modernity

The Modifications that Starred the Future

·        The Owner’s Right to Use the Property

·        Global Investment Opportunities Looming in the Horizon

·        Allowing Non-Saudis to Own Properties

·        The Rights of Non-Saudi Entities and Representations to Own Properties

Real Estate Transactions Authorized by Article Eight of the Royal Decree

The Saudi market has always been an attractive spotlight for all the aspirants towards a stable and consistent investment. Nevertheless, there were many obstacles limiting these investing potentials, and postponing its commencement into the Saudi market until now. Following this, KSA authorities have decided to implement a whole wave of evolution towards modern global economy, starting from stating legislations to guarantee the implementation of these aspirations.

Vision 2030

The Kingdom of Saudi Arabia is witnessing a historical turning point reforming the social and economic regulations and lifestyle in the kingdom. Indeed, since the day the Crown Prince, H.H. Mohammed bin Salman, has announced the agenda for Vision 2030, the kingdom has been a stage for climatic developments that annulled the previous restrictions and opened the door wide welcoming a new dawn into the kingdom to explore its economic potentials, and to unveil the newly crafted definition of KSA.

The items of this vision dictate radical changes in the economic process in general, and the urban in particular, as a modern wave of architecture has surged with the launching of the “New Murabba” company which will be managing the reformation of the new Downtown Riyadh. Basically, these changes aim at attracting new international investments into KSA, in order to turn the country into the economic metropolis of the Middle East, as well as the entire world in the near future.

To accelerate this transition in the kingdom, the Saudi authorities have issued “Program Q” that directed the global corporations to switch their headquarters in the Middle East to KSA. As an act of encouragement, the new legislations are offering new laws that facilitate owning and renting properties by non-Saudi entities and individuals, whether for residential or investment purposes.

Legislations towards Modernity

Even though the legislations authorizing non-Saudi’s ownership has existed since 2000, yet they imposed tight restrictions on such ownership, such as limiting the purpose of ownership to residential, or more than 30-million worth if it is commercial, and that the buyer must obtain the approval of the Ministry of Home Affairs in either case. Accordingly, the Ministry of Investment has launched a project that proposes wider accessibility for non-Saudis to own a property in KSA. Moreover, while properties in Mecca and Medina were previously restricted areas to non-Saudis, recent legislations have offered more uncomplicated options on certain areas within them specified by the authorities.

The Modifications that Starred the Future

·        The Owner’s Right to Use the Property

This development is one of the most important factors paving the way for the implementation of the future investment vision of the Kingdom, as it demonstrates to the world the simplicity of the investment process nowadays in Saudi. Promoting such a positive impression on the Saudi market will invite more investments that will themselves establish the Kingdom’s vision on the expected economic and investment prosperity.

·        Global Investment Opportunities Looming in the Horizon

The uprise in the Saudi economy brought the global spotlight searching for what outcomes this change will feature. Thus, issuing these legislations was an act of confirmation that the authorities have set the country up for an inclusive overture to welcome international investments into the kingdom, and that will dig a new well of job opportunities, leading, as such, to a double gain as it supports economy on one hand, and helps eliminate unemployment on the other.

·        Allowing Non-Saudis to Own Properties

All the legislations are directed towards achieving the economic evolution proposed by the vision all around the kingdom. This will result in attracting new investment opportunities into the kingdom, where the authorities will be channelling them into designated areas, leading to an inclusive economic growth in those areas. Real estate growth will premiere these developments, such as the modern metropolis, Neom, taking its shape now on a Saudi land. Moreover, any transaction implemented in KSA will require property fees and taxes to be paid to the government, in addition to its presupposed support for the construction sector in KSA, and the final destination of all these profits is the general domestic product.

·        The Rights of Non-Saudi Entities and Representations to Own Properties

Article 8 in the new legislations, which replaced the previous system of property ownership by non-Saudis in KSA, issued by the Royal Decree No. (M/22) dated 7/12/1390 AH, specified real estate transactions for non-Saudi residents and investors as follows:

- Sell

- Netting «barter»

- Loan

- Rent

- Foreclosure

- Endowment

- Giveaway

- Reconciliation

In order to be able to exercise any of those ownership rights, the non-Saudi owner is required to comply with the controlling rules and procedures, regulating the authorization to practice any of the activities or ends he wishes to carry out, and to follow the procedures governing the ownership registration.

Article 8 of the Royal Decree also demonstrated several reasons for the natural or legal person to own a property. These reasons mainly include:

·        Land donation from the guardian «grants»

·        Compensation for the property, that includes “sale contract”

·        Inheritance and will

·        Giveaway

The owner is compelled by the legislations to handle the investment in accordance with the regulations and procedures governing their use of the kingdom’s properties, the decisive judicial rulings, and the compulsory judicial enforcement.

The project indicated that the ownership of the property, whether it is real estate units or estate in lands, must be according to one of these reasons, and it is not valid to transfer the property except after documenting the property in the land register, in accordance with the provisions of the regulations compatible with the nature of the case.

Based on these decisions, the features of an economic revolution prevailing over the Kingdom have begun to materialize in order to achieve the aspirations of the Saudi leadership in transforming the entire country, particularly the capital Riyadh, into the premium investment destination in the world, and the main economic centre in the Middle East.

Your Dream House in the New Metropolis – Last Call for your Lucky Investment in KSA before the Market Soars Internationally High

Contents:

Houses for sale in Riyadh

The Local Population Growth and Ambition towards Ownership and Investment

Investments Landing on the Saudi Soil

Cause and Effect

Mada Properties’ Progressive Vision

Houses for sale in Riyadh

While searching for houses for sale in Riyadh now, many questions will cross your mind on how to make the right decision. And all the way you will be facing endless lists of options and different criteria of quality, as well as the fundamental question when buying a property: should you go for a cheap house for sale in Riyadh or a traditional house for sale in Riyadh because you prefer to stick to the big-family-style houses. However, these details will not be your main concern anymore compared to the more important questions raised with them regarding the future of the width and time span of Riyadh real estate market expansion in response to the population density that has formed throughout the years in Saudi Arabia, as well as the whole lot of investors coming to explore the lucrative Saudi market.

The Local Population Growth and Ambition towards Ownership and Investment

Along with the population growth in KSA, reaching over 35 million Saudi citizens, the Saudi family’s need for bigger houses grew even more, as well as the individuals’ aspiration to own their private property where they could settle down. Foreseeing this population density and the accompanying demands on properties, the Saudi authorities had already implemented some reforms on the mortgage system, introducing the private sector as an active sponsor for financing real estate investments to allow more Saudi citizens the chance to secure their investment opportunity, instead of waiting for the long queue on the government fund list, due to the increasing demand on it, and that was when new variations of the demands on real estate had surged. Indeed, some people only focused on getting a cheap house for sale in Riyadh; meanwhile, others’ main concern was to get a modern house in Riyad, while others retained the old fascination about getting a traditional house for sale in Riyadh. Based on the variations at hand, Saudi authorities also implemented some reforms on the regulatory factors pertaining to the legislations of the real estate sector to encourage new entrepreneurs and developers, especially in the start-up or medium enterprises to take a grand step towards developing new projects that answer to all the investors’ aspirations in owning houses of different sizes, whether small, medium, or big ones, as well as those aspirators towards houses for sale in Riyadh or villas for sale in Riyadh.

Investments Landing on the Saudi Soil

The reforms implemented by the Saudi authorities have gone beyond the real estate sector to cover various social and economic aspects, all of which joined under the wide umbrella of 2030 Vision. The vision basically aims at moving the kingdom of Saudi Arabia up to an international level, plainly translated in the high quality of lifestyle and residence, defining the main priority of this vision, as such, to be turning Riyadh into a sustainable city, and staging it to be the new metropolis and the birthplace of all the avant-garde visions. One of the most important agenda set to be executed in this concern was ‘Program Q’ that targets the shifting of all the international companies’ headquarters in the Middle East to Riyadh by the end of 2024. This transition will certainly entail the reorganization of the whole region’s economy, as it implies the urgent needs of these companies to start their search for a property wherein to establish their new workplace. Upon this, new investments will target KSA in general since, privileged by a large area size, the kingdom will be able to offer a wide selection of options of both cities and locations for all the companies searching to join the current. Nonetheless, in such cases, capitals are usually the companies’ first option, focusing, as such, all the spotlight of the upcoming investments mainly on Riyadh. Notably, these companies are searching for “category A” wide-spaced offices that provide a healthy organizational environment for both employees and businesses to grow.

Cause and Effect

The golden rule in the economic market states that the more the demands are, the higher the prices get. Accordingly, the increasing demands on the real estate market will definitely lead to an increase in the prices. Stating previously that the Saudi population has significantly increased, and taking into consideration that the median age of the Saudi citizens is around thirties, this will undoubtedly lead to double demand on the real estate market. How so? Young men will be looking for their first investments: owning a house wherein to start their family. On the other hand, fathers will be looking for an asset that guarantees maximizing their grants to their offspring, and what is better than properties to do that. Secondly, along with the companies’ opening their headquarters in Riyadh, there will be a great mass of employees coming to reside in the city, which means even more demands on property. In either case, the focal point will be the Saudi real estate market, specifically Riyadh properties, that will witness an unprecedented levels of surge in both investments and prices.

Mada Properties’ Progressive Vision

Therefore, to ride the new wave of investment, all you have to do is to get into contact with Mada Properties, the leading Saudi real estate company, to get the suitable assistance from a team of experts who will help you finding the perfect match of property with your preferences and budget. After collecting whatever information you would like to provide on your priorities, and working the numbers for your investment, or defining the features you are looking for in your family house, they will secure you just what you need, whether a cheap house for sale in Riyadh or a traditional house for sale in Riyadh.

In addition to providing the best house for sale in Riyadh for you, our company works on supplying our list of properties with villas for sale in Riyadh and retails for sale in Riyadh as well. That is, our function in the Saudi real estate market extends to cover all kinds of properties for your residence, investment, and commercial. The team’s high expertise in the real estate market will turn the difficulties of owning a home for sale in Riyadh to an easy process by providing you with all the options that fit into your inclinations of buying a cheap house for sale in Riyadh or a traditional house for sale in Riyadh. Creating a synthesis combining your preferences, your purpose of owning the property, along with their experience in foreseeing the equation that translates your best result, they will make sure to get you the most exhilarating real estate journey all along.

Get in touch with Mada Properties to work hand in hand to find you your perfect home match of the elite collection of houses for sale in Riyadh!

Contents

Towards Prosperity

Apartments for sale in Riyadh

Apartments for sale north of Riyadh

Apartments for sale in Jeddah

Mada Properties – The Leading Real Estate Agency Perpetuating Prosperity

Towards Prosperity

Recently, the Saudi real estate market has been growing steadily towards a complete evolution entailed by the reformative legislations, issued by the Saudi government, pertaining to real estate and general investment, which encouraged big and small enterprises to take the bold steps towards a lucrative investing adventure in the kingdom. Following this, new evolutionary visions started racing into the real estate realm, along with the new joiners into the market, which generated radical changes in the architectural artistry and real estate in general. This variation brough along healthy competition to provide internationally recognized projects that yielded more demands on real estate, yet it also caused an unprecedented continuous rise in property prices in the country. These demands were registered all around the kingdom, but notably in Riyadh and Jeddah, where most investments have been taking place, since they are the core economic centers, which means more investors searching for apartments for sale in Riyadh and apartments for sale in Jeddah.

Apartments for sale in Riyadh

Nowadays, being the capital of Saudi Arabia, Riyadh is under the spotlight of the developments taking place in the kingdom, and that is why it is prioritized in the implementation of Vision 2030 plans by the government towards building a culturally and economically prosperous society. These progressive visions turned Riyadh into a hot investment area to those aspiring to catch the train of developments on the first stop of the journey. The first manifestation of this evolution is the phenomenal progress materializing in the real estate market, rendering Riyadh’s taking over an international top investment zone, elevating the market from local to global. Accordingly, the demands have increased on houses for sale in Riyadh because of the rise in the profits Riyadh properties. Thus, searching for apartments for sale in Riyadh has been, and still is, growing by the day, and the star of the market has been the apartments for sale north of Riyadh specifically.

Apartments for sale north of Riyadh

Indeed, while Riyadh is evidently the focal point of investment in the kingdom, north of Riyadh is having the lion share of this hustle. Notably, a series of the finest new projects by the best developers have been surging in that area, making it a hot zone for investment, increasing, as such, the demands on it. Upon this, more projects started to see the lights there, promising the residents with different sizes, designs, services, and world-class amenities. As for this area’s points of leverage, they mainly reside in its being close to some artery roads in the capital, as well as to important retail, medical, educational, and entertaining facilities around. Thus, in addition to the progressive ideas that contributed to the reformation of this area, the developers have profoundly relied on the strong marketing points in north of Riyadh, such as the location and the already existent infrastructure.

Apartments for sale in Jeddah

Other cities have joined this investment marathon, as the apartments for sale in Jeddah are also believed to take a share in this market surge. With a completely different set of features from Riyadh, Jeddah has the addition of the sea that is generally accompanied by extra levels of investment, and after which the city was named ‘The Bride of the Red Sea”. Therefore, Jeddah offers bountiful collection of investments relevant to its privileges, such as aqua tourism that includes, besides hotels and beach activities, touristic diving activities to explore the underwater remnants of ancient times. Further, in anticipation of this investment surge, the kingdom authorities implemented reformative changes in the city that included the clearance of entire residential blocks, in order to replace them with world-class new projects that guarantee higher quality of living and aesthetic preservation of the city along with the futuristic plans. Moreover, despite prioritizing Riyadh with future plans, Jeddah has always been considered the economic capital of KSA, that is why it still retains a share of the economic prosperity planned for the kingdom, to witness the emergence of the second international economic renaissance on a Saudi soil. All these developments have given rise to investment appetite to take over the fresh opportunities in Jeddah market, bringing along more demands on the apartments for sale in Jeddah either for residents who want to live in close vicinity to their enterprise, or investors in the real estate market.

Mada Properties – The Leading Real Estate Agency Perpetuating Prosperity

Getting ahead of the trend, Mada Properties was a pioneer in providing the best collection of apartments for sale in Riyadh with premium features as per size area, prices, and locations, where the company propagated a wide selection of apartments for sale north of Riyadh and many other cities, founded by the best developers. The various collections of properties provided by our company will be offered to you by premium real estate consultants who will lead your investment process, be it buying, selling, leasing, and managing, as you may enlist your property with a real estate agent of our company to handle any issue concerning your estate.

Furthermore, although Mada Properties’ main sales center is located at Al-Sahafa District in Riyadh, yet we grant you luxurious selections of properties not only in Riyadh. That is, we offer you other options all around KSA, such as apartments for sale in Jeddah and many more locations. Further, you are welcome to specify not only the city you want to invest in, but also the location, since for example some people now prefer to look for apartments for sale north of Riyadh in specific. After that, our real estate consultant will compare your demand to your budget and investment purposes and will get the best deal the real estate market could offer, tailored to your best interests, whether it is for apartments for sale in Riyadh, apartments for sale in Jeddah, or all around the kingdom. All you have to do is to take the decision and commence on your investment adventure, and rest assured that our realtors will accompany you through every step of the venture.

To spot the best homes for sale in Riyadh or magnificent apartments for sale in Jeddah now, reach out to Mada Properties, and enjoy a preeminent journey towards your dream home.

Terms for Selling and Buying Real Estate in Saudi Arabia

Before you commence on any real estate transaction, whether buying or selling, you must familiarize yourself with the laws governing real estate in KSA, as these laws were put in place to guarantee the rights of all the transaction parties, both the seller and the buyer, by detailing the rights and duties of each of them, as well as ensuring the housing eligibility of the property itself.

These laws represent a set of rules governing real estate transactions and everything related to them in the Kingdom of Saudi Arabia, including:

Principles of owning and sorting real estate units.

Provisions governing non-Saudi ownership and investment in real estate.

Conditions of real estate ownership for GCC citizens.

Sorting real estate units

Real estate units are sorted according to the approved national identity of the property, and according to the serial number allocated to it within the forms approved by the Real Estate General Authority.

In order to complete the sorting process, several types of information are required, including the legal or formal title deed, the property information, licenses and authorization, whether it is joint or not, in addition to the cadastral report licensed by the engineering office and approved by the Real Estate General Authority. Also, if the property is under mortgage, the mortgagee’s consent must be secured as well. Of course, all of this must be accompanied by the approval of the community, the owners’ association, or each of the owners.

If the property has been previously sorted, the consent of the previously sorted property owner, or a proof of it, will also be required if the property re-sorting process leads to any change in the ratio of the common parts or the common land area of ​​the sorted property.

After fulfilling these procedures, the sorting or re-sorting request is submitted to the authority to be considered, and to issue the approval document, if approved, which includes all data related to the property and the type of sorting or re-sorting process.

Foreigners’ ownership in the Kingdom of Saudi Arabia

Legal residents of the Kingdom of Saudi Arabia, of any nationality, have the right to own real estate in the Kingdom, as long as they adhere to certain legal standards that have been developed to demonstrate the residents' illegibility to own a property, their rights and duties.

-         First, foreigners can own real estate provided they have legal residency in the Kingdom.

-         Secondly, foreigners may own the property for the purpose of personal residence, or may rent it as a personal residence, after obtaining a permit from the Ministry of Interior.

This applies to all real estate in Saudi Arabia, except for Makkah and Medina, being subjected to their own set of laws.

Terms of foreigners’ ownership or leasing of real estate units located in Makkah and Medina

Generally, it is not allowed to own or rent Makkah and Medina real estate to foreigners or even non-Saudi establishments, except for the following:

After the amendment implemented on the ownership and investment system for real estate by non-Saudis (pursuant to Royal Decree No. (M / 94) dated 9/15/1439 AH), non-Saudi institutions (whether Gulf-originated or otherwise) may own or rent properties within Makkah or Medina, provided that it falls under the following exemptions:

Banks and real estate finance companies licensed by the Saudi Arabian Monetary Agency (“SAMA”), provided that their acquisition of the property is for the purpose of financing Saudi citizens, their offices or branches, or for carrying out their activities in accordance with the regulations set by the Saudi Arabian Monetary Agency.

Listed companies that do not engage in real estate activities, provided that the property is fully allocated to their offices or branches, or to carry out their activities in accordance with the rules defined by the Capital Market Authority (“CMA”), or other entities determined by the Council of Ministers.

As for holders of the Saudi Premium Residency, according to the regulations corresponding to Article 2, non-Saudi citizens who own Premium Residency may obtain a usufruct right over properties adjacent to Makkah and Medina for 99-year period of time.

As for the regulations governing property ownership by non-Saudi nationals in the Kingdom, it stipulates the following:

1- Allowing foreigner residents to own properties for the sole reason of residence. Also, he must obtain a license from the Ministry of Interior, and his request must be subjected to certain conditions, namely:

-         He must have a valid residence permit, and its validity must not be expired.

-         He must also provide all information about the property.

In addition, a copy of the title deed must be provided.

If a resident is allowed to own a property, he can own only one property.

- Of course, the non-Saudis resident applying to own a property must have a clean record and must not be wanted to justice.

2- If the property is designated for investment, the cost of the project land plot must not be less than 30 million SAR, and the Council of Ministers has the right to amend this amount when it deems it appropriate. Also, it is required that the investment process takes place within 5 years of obtaining the ownership.

3- As for foreign entities, international and regional institutions, in addition to the aforementioned regulations, they are required to obtain a license from the Minister of Foreign Affairs, in accordance with the reciprocity principle in foreign transactions.

The rules governing property ownership by GCC citizens in KSA:

1- GCC citizens are more privileged when it comes to property ownership in KSA, as they are allowed to own up to three properties in residential areas, provided that the area of ​​the property does not exceed 3,000 sqm. However, the competent authorities have the right to allow the ownership of more than three properties if they deem it appropriate.

2- GCC citizens are allowed to own property for residential purposes, either for the owner or his family, but they do not have the right to use any of their properties otherwise, unless permitted by the laws of the country.

3- GCC citizens licensed to practice various economic crafts and activities which are authorized to be carried out, now or in the future within GCC, are allowed to own properties.

4- GCC citizens, who meet the basic prerequisites, are allowed to rent and use the land. They also retain the freedom to dispose of this right by selling and mortgaging in accordance with what is required by the laws of the Kingdom.

5- As for the properties located within the borders of Makkah and Medina, they are excluded from the provisions listed here.

6- These provisions do not, in any way, fall into conflict with the state's right to expropriate the property for the public interest, in return for fair compensation for the owner according to the applicable laws.

Conditions for GCC citizens’ ownership of property in Saudi Arabia:

1- The purpose of ownership must be residential for the owner or his family, and he is not entitled to use the property otherwise, unless the state laws permit that.

2- If the property is a land plot, the owner must start the construction operations within the limits of three years from the date of registering the ownership, and the construction must be completed within five years from this date. Exceeding this period may expose the property to confiscation and sale, (in this case the owner will be compensated if there proved to be a compelling reason for the delay in construction).

3- The property owner is not entitled to transfer its ownership until four years have passed from the date of its registration to his name. Some exceptions may be made if the owner obtains prior permission from the competent authorities.

4- As for GCC citizens licensed to practice various economic crafts and activities which are authorized to be carried out, now or in the future, within GCC, they are allowed to own properties according to the following conditions:

1- That the property be allocated for the practice of the permitted and licensed profession, craft, or activity.

2- That the property area size be compatible with the requirements of the profession, craft, or activity the owner wishes to practice, as determined by the competent authority in KSA.

3- Not to dispose of the property by transferring its ownership, except after quitting the profession, craft, or activity for which they basically purchased the property, or if they change their place of work.

To read more blogs on real estate related topics, go to the Related Blogs section at Mada Properties.