Real Estate in Riyadh, Saudi Arabia
Last updated on Feb 22, 2023
Summary: The most desirable neighborhoods in Riyadh, Saudi Arabia are Al-Malaz, Al-Naseem, Al-Faisaliah, Al-Olaya, and Al-Mursalat. The average cost to buy a nice 2 bedroom home in Riyadh is around $400,000 USD, while a nice 3 bedroom home can cost around $500,000 USD. These properties typically include modern amenities such as air conditioning, central heating, and high-speed internet. Foreigners are allowed to own property in Riyadh, but there are certain restrictions. For example, foreigners are not allowed to own land, and they must obtain permission from the Ministry of Interior before purchasing a property. When searching for a home to buy in Riyadh, expats should consider their budget, desired location, and the type of amenities they are looking for. It is also important to research the local real estate market and consult with a real estate agent to ensure that the property is in good condition and that the price is fair.
How do I find a place to live in Riyadh?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Riyadh is a great place to live, with plenty of options for housing. One of the best ways to find a place to live in Riyadh is to use online resources such as websites like Expat.com, which offer listings of available apartments and houses for rent. Additionally, you can also search for housing on classifieds websites such as OLX and Craigslist. Additionally, you can also contact local real estate agents who can help you find a suitable place to live in Riyadh. Finally, you can also ask friends and family who live in Riyadh for recommendations on where to look for housing," said one expat who made the move to Riyadh.
"We found a larger private villa after being in a small compound. It cost the same and now we have our own pool without the harrassment of kids. (Parents allow them to run wild here, with or without supervision to all hours of the night.)," explained one foreigner living in Riyadh, Saudi Arabia.
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What is a typical expat home or apartment like in Riyadh?
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About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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