Villas for sale in Saudi

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Remark: The calculation is approximate and
based on a 15% down payment of the property price.

Monthly payment: SAR

Is it the right time to invest in a villa for sale in Saudi?


As an aspiring nation, the country is setting high goals and introducing significant reforms to establish itself as a strong economy and a determined society. Carrying pride in a reputable past and an ambitious future, HRH King Salman Bin Abdulaziz and HRH Deputy Crown Prince Mohammed Bin Salman have shared a progressive plan for the Kingdom, setting a strong vision for 2030. With the determination of a young population and a loyal expatriate population, the country has taken its first steps of a 15 year journey to become one of the world’s strongest nations.


A common question among the public is whether or not it is the right time to purchase an apartment or villa for sale in Saudi. They are cautious about a possible drop in property prices after the regulations on white land taxation take effect and supply of housing increases. There is ongoing search for properties for sale in Saudi, but transactions decreased in 2016 considering it is a transitional period.


Whether you are in need of real estate for personal or investment purposes, it is key that enough research is carried out to minimize risk and ensure that you are satisfied with your decision. It is also highly advised that you consult a licensed real estate company who can guide you through the search and transaction processes. All properties listed on eSimsar.com are directly from licensed real estate companies, to guarantee that you are served with the level of professionalism that your investment demands

villa for sale in Saudi
Saudi

Do your homework before you purchase a villa for sale

An investment in property may be one of the most crucial decisions in your life, so it demands the right research to be certain that you reach an educated decision. Whether you are interested in an apartment for sale or a home for sale in Saudi, be sure you go through the below checklist.


Mortgage eligibility:

The government has introduced mortgage reforms through banks and finance companies. It is advised that you request a quote from 3-4 different mortgage lenders and study the various values they offer. Keep a close eye on factors such as the interest rate, whether they are fixed (Murahaba) or variable (Ijara) , the re-payments, ability to pay interest-free advance payments, and any possible penalties.


Infrastructure changes:

Major cities such as Jeddah, Makkah, and Riyadh are undergoing big construction and infrastructure changes causing detours and extra traffic. For example, the development of Riyadh’s metro project has added extra driving time to any trip due to the street diversions. When choosing a house or land, be sure you keep in mind that these projects are temporary, meaning that a neighbourhood that is inaccessible now may end up being very close to a major highway or metro station in the near future.


Check if the neighbourhood is serviced:

This is an extremely important point, as the last thing you would want is a luxury house located in an unserviced neighbourhood. Make sure that services for telecommunication, utilities, sewage and drainage have already been set in, or if they are planned for in the near future.


Second hand VS new development:

This will have a lot to do with your budget and desired location. If you are interested in a property located in the city center, then you may have to make due with the second hand market, as the majority of new developments are expanding away from the center.