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Saudi Real Estate Clarifies Additional 2% Fee and Statutory Charges for Foreign Property Owners
The Saudi Real Estate Portal clarifies the official fees for non-Saudis to own property, which include a 5% real estate transaction tax and an additional 2% fee in cities such as Riyadh, Jeddah, Mecca, and Medina. The Kingdom places particular emphasis on ownership in Mecca and Medina due to their religious significance, restricting ownership there to Muslims and within a limited scope. In Riyadh and Jeddah, procedures are organized to support economic growth and urban development.
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