Question 1

Can foreigners buy property in Saudi Arabia?

Accepted Answer

Yes, Saudi Arabia has introduced new regulations allowing foreign nationals to purchase property in designated areas and under specific conditions. The regulatory framework continues to evolve under Vision 2030.

Question 2

What are the tax benefits of owning property in Saudi Arabia?

Accepted Answer

Saudi Arabia offers significant tax advantages including no personal income tax, no capital gains tax for individuals, and no inheritance tax. A 5% Real Estate Transaction Tax (RETT) applies to property transfers.

Question 3

What is the Premium Residency program?

Accepted Answer

The Premium Residency program allows international investors and professionals to obtain permanent residency rights in Saudi Arabia, including property ownership rights, business ownership without Saudi sponsor, and family sponsorship.

Question 4

How does Makan360 help international investors?

Accepted Answer

Makan360 acts as a bridge between international investors and Saudi real estate opportunities. We provide personalized investment consultation, curated property selection, connection with licensed professionals, legal guidance coordination, and post-purchase support.

Question 5

What regions in Saudi Arabia are open for foreign investment?

Accepted Answer

Key investment regions include Makkah, Madinah (in designated areas), Riyadh, Jeddah, and new developments like NEOM and Red Sea. Eligibility varies by location and property type.

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