The Saudi citizen has great confidence in real estate investment, its importance, preservation of financial assets, and its ability to generate passive income without great effort or experience in management, projects, and investment. Saudi Vision 2030 focuses on the importance of this type of investment, and supports its opportunities
Saudi Real Estate: Save your Money Value and Source of Income
Real estate investment is the most powerful, important source of the Saudi national income, besides oil and its industry revenues. Real estate investment is expected to contribute more with the Kingdom’s expansion of its development and economic projects that coincide with its comprehensive plan for Vision 2030. The Kingdom includes important cities with a high demand for real estate of all kinds, whether commercial, residential, or administrative.The most prominent cities for for real estate investment are Riyadh, the Saudi capital, a city with great weight in the Saudi economy, in which demand varies from Saudis, expatriates, and even the various tourists visiting the Kingdom.
Distinctive Opportunities of Real Estate in North Riyadh
The importance of real estate investment in the north of Riyadh is due in particular to the importance of the city, its huge area, and its strong contribution to the Saudi economy and politics. Riyadh is home to the most important Saudi state institutions and major bodies, and it also includes a significant and large population density that makes the demand for Riyadh real estate permanent and continuous. The importance of the property does not lie in the rental return only, but it goes beyond it, as the property preserves its money and protects it against the effects of global inflation.
Advantages of Real Estate Investment in Northern Riyadh
In addition to its economic importance and being the capital and city with the largest population density in the Kingdom, the north of Riyadh includes important institutions and landmarks that make the city required for residential, administrative and commercial rent. The most prominent of these landmarks is King Khalid International Airport, which is considered one of the important airports in the Kingdom.
Main Neighborhoods with High Demand in Northern Riyadh
Northern Riyadh also includes important residential areas that are popular for real estate investment, the most prominent of which is Al-Fursan suburb, which is a large residential suburb that includes 50,000 residential units of various designs and spaces, and is capable of accommodating more than 250,000 people. What distinguishes the suburb is the large areas of gardens and cultivated areas, which reach up to 6 million square meters.
Al-Fursan suburb in northern Riyadh includes several major residential projects, such as Dar Al-Fursan, Aknan Al-Fursan, Rasan, Al-Athba, and other various projects that include apartments, villas, houses, and even palaces, in addition to commercial units, shops.
Landmarks in the North Riyadh
Northern Riyadh includes prominent residential neighborhoods such as:
- Al-Ghadeer neighborhood
- Narjis neighborhood
- Al-Falah neighborhood
- Al-Wadi neighborhood
The northern Riyadh neighborhoods are characterized by the diversity of their properties, including villas, apartments, houses, shops, and administrative offices, suitable for many real estate investment options.
Also in the north of Riyadh, you find King Salman Wild Park, Alban Resort, Khuzam suburb, and the Benban neighborhood, which is a large upscale neighborhood that includes many villas, palaces, and houses with authentic Saudi design.
Riyadh is characterized by a good climate during the year. It has a lower temperature than many cities in the Kingdom, especially in the winter. The temperature drops in the winter and it witnesses occasional rain. It has an ideal climate in general, so Riyadh is considered a good choice for those who are accustomed to the winter climate. This explains why some people in the Kingdom bought homes in Riyadh to spend the hot seasons there.
The most important roads in the north of Riyadh
Roads, streets, and transportation are of great importance, facilitating the marketing of real estate and ensuring demand for it. Riyadh is distinguished by the presence of a large, advanced road network that connects the city to each other, as well as to the important Saudi cities around it. The most prominent of these roads is the ring road in Riyadh, with its four main branches:
- Northern Ring Road
- Eastern Ring Road
- Southern Ring Road
- Western Ring Road
Real estate investment in northern Riyadh to earn passive income
In the world of real estate investment, we hear the term passive income, which is financial income that comes to you from investment without the need for effort, continuous work, and commitment to management and care. Therefore, real estate investment and buying real estate for the purpose of renting it out or flipping the property (i.e. buying the property, renovating it, maintaining it, then selling it at a higher price) are good activities. For those with savings who fear taking risks in projects.
Other advantages of real estate investment in Riyadh and other cities in the Kingdom
Passive real estate income is also suitable for those who do not have the time, effort to manage their money and supervise a project. All you have to do is consult an experienced real estate agent to buy a property in a high-demand area, then make a good advertisement accompanied by pictures and specifications of the property and place it on a powerful real estate platform such as Aqarmap Saudi Arabia and wait for it to happen. Your mobile phone rings with customer calls.
Real estate investment also guarantees you protection from inflation, as the annual increase in real estate prices reaches 6%, which preserves the value of your money.