This product is aimed at property owners in Saudi Arabia.
Saudi Arabia is one of the safest countries in the world, ranked third among G20 nations in the Safety Indicator. Saudi Arabia aims to have three cities ranked among the 100 best cities in the world to live in.
General Advantages
- Reside in Saudi Arabia with family members, including parents, spouses and children under 25 years of age.
- Flexibility to move from one establishment to another.
- Exemption from fees imposed on expatriates, their dependents and their companions.
- Exit and return to Saudi Arabia for the premium residence holder and their family members without requiring a visa.
- Right to obtain visit visas for relatives.
- Use the dedicated citizen lanes in airports.
- The right to work in the private sector and to move between establishments applies to the husband, wife and dependents, including the dependents of daughters and sons.
- Conduct business in accordance with the directives of the Investment Act.
- To own and enjoy real estate.
Eligibility Criteria
- Owning or enjoying real estate worth a minimum of SAR 4,000,000 in Saudi Arabia.
- The property must be free of any existing or future mortgages.
- The ownership or use must not be associated with real estate financing.
- The property must be residential.
- The property must be developed and not derived from undeveloped or unimproved land.
- The real estate asset must be valued by appraisers accredited within the Saudi Authority of Certified Appraisers "Taqeem".
❖ All conditions are subject to change.
Duration of Residency Linked to real estate ownership or usufruct rights
One-time fee: 4,000 SAR
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