Apartments for Sale in Jeddah: Experience Arabian Coastal Living
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Real estate is booming in Jeddah, a city known as the “Bride of the Red Sea”. Saudi Arabia is a great destination because of economic diversification found in Vision 2030 and a growing number of expatriates. There are various types of apartments in the city, mainly luxury homes in Al Shati to low-budget apartments in Al Fayhaa, which offer families, professionals, and investors. Jeddah makes a good investment option due to its scenic views of the sea, top-tier facilities and good returns in the form of rent.
Why is it a Great Idea to Buy Apartments in Jeddah?
Jeddah is a strategic location, a commercial and cultural center and also a place close to Mecca, which makes it a good location to reside and invest. The Vision 2030 focuses on tourism, trade and infrastructure activities in the city, and stimulates the real estate industry.
Modern design, smart homes and top facilities, such as swimming pools, fitness clubs and 24-hour security in gated communities, suit the urban lifestyle, provided by Apartments in Jeddah. Ownership of a free zone enables the expatriates to invest safely and the returns on rentals remain high, averaging about 6-8%.
Other amenities that would boost the lifestyle include communities such as the Al Salama and Sulaymaniyah that are located near shopping and dining area, as well as in proximity to the Jeddah Corniche. The payment plan here is quite flexible in off-plan projects like Rawdah Sign and Opal Residence, which also provide competitive prices. So, these features make it the right time to purchase Jeddah properties.
How Much Do Apartments in Jeddah Cost?
Prices of the apartments in Jeddah also differ. The median price per square meter of apartments is SAR 4,800 (USD 1,280). Lower-end 1-bedroom flats in such regions as Al Aziziyah cost at least SAR 300,000, whereas 2-bedroom apartments in Al Fayhaa can be purchased between SAR 400,000 and SAR 800,000.
The 3-bedroom apartments with mid-range prices in Al Rawdah or Al Hamra sell at SAR 800,000 and SAR 1.5 million. Luxury apartments in Al Shati like Trump Tower Jeddah start at SAR 1.8 million, and there are penthouses worth SAR 3.5 million with a property size of 142-300 sq. m.
The price of off-plan apartments such as the Paradise project is SAR 600,000 with 10-20 percent down payment plans. The steep price rise (115 percent) in the market in 2024 depicts its high demand, especially along the coastlines, with a rental yield between 6-8 percent.
Documents Required to Purchase Jeddah Apartments in Saudi Arabia
To buy an apartment in Jeddah, one will need certain documents that will align with Saudi regulations and will be assisted by the Real Estate General Authority and the Sakani platform. The documents that you need are as follows:
- Passport Copy: Valid identity for all the buyers.
- Residency Visa (Iqama): Required and approved by the Ministry of Housing; only non-Saudis can get it.
- No Objection Certificate (NOC): to be given by the developer in confirmation of no outstanding dues.
- Akad Bait (Sale and Purchase Agreement): A legal document, containing the terms, used by a licensed agent or a lawyer.
- Proof of funds: Bank statements or agreement of mortgage to demonstrate the ability of payments.
- Application of Title Deed Submission: submitted through Sakani to register its ownership, and a 2.5% tax on real estate transactions.
You Can Invest in Jeddah Apartments for Sale Right Now!
We will connect you to the best apartments of Jeddah that have cheap apartments in Al Fayhaa and luxury apartments in Al Shati. We cooperate with the leading real estate developers such as Maarej Real Estate and Dar Al Arkan to present reliable listings of such behemoths as Rawdah Sign and Opal Residence. Pricing and elaborate descriptions are available on our site in real-time. Our team provides complete services in selecting and registering.
The apartments in Jeddah have modern kitchens and other amenities of gated communities that can support a variety of lifestyles and hold strong investment potential. Al Basatin neighborhoods offer a peaceful family existence and Al Salama offers proximity to business locations.
| Development | Projects |
|---|---|
| Apartments For Sale In Jeddah Corniche |
1 Project |
frequently asked questions
The Jeddah apartments usually have pools, gyms, 24-hour security, smart home design and parking spaces, particularly high-rise apartments, as in Trump Towers.
Indeed, the off-plan apartments have more affordable prices, payment options and good returns (6-8% rental yields) and appreciations, especially in locations such as Al Shati.
Yes, furnished apartments can be found in such neighborhoods as Al Hamra. They are suitable for quick investments, as well as for renting them out to gain a secondary revenue.