Investing in Saudi Arabia’s Real Estate: 2024 Outlook
Saudi Arabia is becoming an increasingly attractive destination for real estate investors. With the “Vision 2030” program driving economic diversification, the country offers tax incentives, large-scale development projects, and high rental yields, making its real estate market one of the most promising in the region.

Booming Tourism Industry
Saudi Arabia’s tourism sector is growing rapidly. Just a few years ago, travel to the Kingdom was restricted, requiring special invitations. Today, the visa process is streamlined, allowing visitors to apply electronically.
Major hotel chains are expanding, new roads and airports are under construction, and Saudi Arabia is preparing to host global events like EXPO 2030, which will further boost real estate demand.
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Mega Construction Projects
Saudi Arabia is investing heavily in luxury residential and commercial real estate. High-end branded residences like Four Seasons and Raffles are emerging along the Red Sea coastline.
One of the most ambitious projects is Neom, a futuristic smart city built with cutting-edge green technology. This multi-trillion-dollar development aims to attract investors worldwide, creating a hub for business, innovation, and luxury living.
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NEOM & The Rise of Free Economic Zones
Saudi Arabia is developing multiple giga-projects, with NEOM at the center. This 170 km-long smart city will feature sustainable districts, industrial zones, and fully automated infrastructure, positioning it as a global technology and investment hub.
This initiative will generate opportunities for investors, corporations, and entrepreneurs looking to establish themselves in one of the world’s most futuristic business centers.

Luxury Housing for Expats
Until recently, Saudi Arabia lacked modern housing options for expatriates. Most accommodations were outdated and lacked essential infrastructure like supermarkets, international schools, and medical facilities.
In response, Sedra, the first gated expat-friendly community, was developed in Riyadh. The project includes schools, hospitals, gyms, restaurants, and supermarkets. Additionally, Etoile, Saudi Arabia’s first foreign ownership project, allows investors to purchase high-quality properties with excellent rental potential.
Tax Benefits & High Rental Income
One of Saudi Arabia’s key advantages is zero property taxes. Investors only pay a 5% registration fee upon receiving property keys.
Expected rental yield: ~7% annually
Stable currency: The Saudi Riyal is pegged to the US Dollar, ensuring dollar-based returns.
Investor Residency & Banking Perks
Saudi Arabia offers a permanent residency visa for real estate investors purchasing properties worth $1.06M or more. This visa allows holders to:
• Buy additional properties
• Own cars and businesses
• Open bank accounts with premium privileges
The Saudi Premium Residence (Golden Visa) also provides lifetime residency for a one-time government fee, making Saudi Arabia a top destination for long-term real estate investments.

Should You Invest in Saudi Real Estate?
Saudi Arabia is rapidly modernizing, and Vision 2030 opens up vast opportunities for foreign investors. Tax advantages, high rental yields, and access to premium residency make the Kingdom one of the most promising real estate markets in the Middle East.
Interested in investing? Contact us today to receive a full project catalog.
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