Property Owner Residency
This product targets property owners in Saudi Arabia.
Saudi Arabia is among the countries with the highest levels of security globally; it ranked third in the security index among the G20 countries. The Kingdom aims to have 3 of its cities ranked among the top 100 cities to live in worldwide.
This product targets property owners
in Saudi Arabia, where Saudi Arabia is one of
the countries with the highest levels of security
globally; it ranked third in the security index
among the G20 countries. The Kingdom also aims
to have 3 of its cities ranked among the top 100
cities to live in worldwide.
General Benefits:
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Residency in Saudi Arabia with family, including parents, spouses, and children under 25 years old.
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Freedom to move from one facility to another.
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The holder of the premium residency and their family can leave and re-enter Saudi Arabia without requiring a visa.
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Issuing visit visas for relatives.
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Using dedicated lanes for citizens and GCC nationals at entry points.
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Working in private sector establishments and moving between them for the spouse and children.
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Conducting business in accordance with the investment system.
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Owning and benefiting from real estate.
Eligibility Criteria:
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Ownership or utilization of real estate assets valued at no less than 4 million Saudi Riyals in Saudi Arabia.
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The property must not be mortgaged and must not be mortgaged in the future.
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The property type must be residential only.
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The property must be existing, not developed or undeveloped land.
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An accredited valuation of the real estate asset issued by valuers accredited by the Saudi Authority for Accredited Valuers "Taqeem".
All terms are subject to change.
Residency Duration:
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First Category: A five-year residency with the possibility of renewal once if the eligibility criteria for the first category are continuously met and residency for 30 months within 5 years.
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Second Category: Permanent residency directly conditioned upon creating at least 10 jobs in the first year and at least 10 jobs in the second year.
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Linked to property ownership or utilization.
Financial Fee:
4,000 Saudi Riyals.