Can foreigners buy property in Riyadh?

Currently, you need Ministry of Interior approval or Premium Residency. A new law allowing direct foreign ownership (Freehold) is expected to take effect in January 2026.

How much is rent in North Riyadh (Malqa)?

Rents have surged. Expect to pay 100,000 to 150,000 SAR per year for a modern 2-bedroom apartment in compound or luxury building.

Do I have to pay rent annually?

Yes, 'One Cheque' is still common. Some landlords accept 2 payments (every 6 months). Monthly payments are rare and carry a premium.

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Vision 2030

Riyadh: Vision 2030 Boom or Rental Trap?

Landlords demand 1-year rent upfront. Prices in North Riyadh are up 40%. With the 2026 Freehold Law impending, is it time to buy?

Updated 2025 Client-Side