Properties for sale in Jeddah

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Properties for Sale in Jeddah

Jeddah is the city of warmth, both in terms of weather and the nature of the local people. Known for their hospitality, Jeddawi’s welcome visitors all year round, and go out of their way to make sure that religious tourists feel right at home. It’s no wonder expats prefer this city over any other in the Kingdom. Being one of the key cities in Saudi Arabia, the “Bride of the Red Sea” is one of the key pillars in the progress of the country.

The state of the real estate industry is often a good indication of the country’s economic position. The years 2016 and 2017 introduced a new phase for the Kingdom of Saudi Arabia. The drop in oil prices pushed the country to seek non-oil revenue, with major plans to re-structure and reform the different sectors to push forward towards the 2030 vision. The real estate industry was one of the major sectors affected by the vision, with plans to balance out the housing supply and demand gap, providing more affordable housing to the population. Plans such as the introduction of the white land taxation along with the mortgage reforms are the first steps towards this mission. At the start, people put a hold on homes for sale in Jeddah, Riyadh and other cities, preferringproperties for rent in Saudljust until the housing prices go down.

Sale in Jeddah
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Required research before buying a house for sale

Purchasing properties for sale in Jeddah or Riyadh can be lifetime accomplishment, so a lot of thinking and research is necessary prior to making the purchase. A misplaced investemnet can have many negative consequences, one that can badly burden a family’s future. Here are a few pointers to look out for:

Purpose of purchase: Are you looking for an investment with possibile rental income or are you looking for your family’s dream home? This is a very decisive consideratoin and should be approached very differently. What you may prefer for your family home - like luxury homes for sale in Jeddah for example, will be very different than what rent seekers want.

Location, location, location: When considering properties for sale in Saudi, location is key, especially in huge cities such as Riyadh. The developments in the country’s infrastructure (metro, highways) may be causing detours now, but will open up new areas in the the suburbs in the near future.

All the hidden (but important) things: The listed house may look good on the outside, but there may be creeping horrors hidden behind the walls, such as electical work, water piping, thermal insulation, and water proofing. Jeddah is quite a humid city and the rain (though not frequent) can be very heavy, so water proofing is very important to look out for.

Seek professional expertise: Buying a house is a once in a lifetime achievement, one that can consume all your savings and then some (especially if you are taking a mortgage). It is very important to go through a licensed real estate office, one that can provide professional advice and expertise on where, when and how to buy.