Premium Residency in Saudi Arabia is reshaping how expatriates live, work, and invest in the Kingdom. Unlike traditional residency tied to the kafeel system, Premium Residency gives foreigners independence, allowing them to own property, manage businesses, and settle in Saudi Arabia with long-term stability. For investors and luxury real estate buyers, this change is a milestone in the Kingdom’s journey toward Vision 2030.
How Premium Residency is Changing Saudi Luxury Real Estate
For decades, foreign investors in Saudi Arabia faced restrictions, including the need for a sponsor (kafeel) and limits on property ownership. With Premium Residency, those barriers are lifted:
- Foreigners can buy and own luxury real estate in major cities like Riyadh and Jeddah.
- They can invest in futuristic projects such as NEOM and The Red Sea Project, directly participating in Saudi Arabia’s transformation.
- The program boosts confidence for international investors who now see the Kingdom as a secure and transparent market.
Learn more on Saudi Vision 2030 housing initiatives and investment in Saudi real estate.
Conditions for Premium Residency in Saudi Arabia
To qualify, applicants must meet financial and legal requirements, such as:
- A valid passport.
- Proof of financial solvency.
- A clear criminal record.
- A medical report confirming health.
These conditions ensure that Premium Residency attracts high-value investors and skilled individuals who can contribute to the Kingdom’s growth.
Read also: Approval of Saudi’s Property Ownership Law for Foreigners and Investment Regulations in 2025.
Benefits of Premium Residency in Saudi Arabia
Premium Residency offers a wide range of benefits, but for investors, the key advantage is independence:
- No need for a sponsor (kafeel) → Foreigners enjoy full freedom to work, invest, and own assets.
- Real estate ownership in residential, commercial, and agricultural sectors.
- Business ownership without requiring a Saudi partner.
- Family stability, including residency rights for spouse, children, and parents.
- Freedom of movement → Easy entry and exit without restrictions tied to a sponsor
How Much Does Premium Residency Cost in Saudi Arabia?
The program has two main options:
- Permanent Premium Residency – SAR 800,000 (one-time fee).
- Renewable Premium Residency – SAR 100,000 annually.
This investment secures long-term independence, particularly attractive to business owners and luxury real estate buyers. You can start your application directly on the Premium Residency official portal.
How Long Does Saudi Premium Residency Take?
Application processing times vary but usually take a few weeks to a few months, depending on the documents and background checks. The streamlined online process makes it faster than traditional residency applications.
Why Premium Residency is a Game-Changer for Investors
By eliminating the kafeel system and opening the doors to property ownership, Saudi Arabia has positioned itself as a new hub for international investors. From luxury real estate to commercial ventures, Premium Residency provides unmatched freedom, making the Kingdom an attractive destination for those seeking both lifestyle and financial growth.
You may also benefit from our article All About Tourism Real Estate in Saudi Arabia.
From Kafeel System to Premium Residency in Saudi Arabia
Old Kafeel System (Before) | Premium Residency (Now) |
|---|---|
Old Kafeel System (Before) Residency tied to Saudi sponsor (kafeel) | Premium Residency (Now) No sponsor (kafeel) required |
Old Kafeel System (Before) Limited freedom of movement (exit/re-entry visas needed) | Premium Residency (Now) Free entry/exit without restrictions |
Old Kafeel System (Before) Could not own real estate directly | Premium Residency (Now) Can buy and own property (residential, commercial, agricultural) |
Old Kafeel System (Before) Business ownership required a Saudi partner | Premium Residency (Now) 100% business ownership allowed |
Old Kafeel System (Before) Job change needed sponsor approval | Premium Residency (Now) Full job mobility and independence |
Old Kafeel System (Before) Financial independence restricted | Premium Residency (Now) Stronger investor rights + stability |
Old Kafeel System (Before) Family residency limited | Premium Residency (Now) Family members included (spouse, children, parents) |
Premium Residency and the Future of Real Estate in Saudi Arabia
Premium Residency in Saudi Arabia is a gateway to independence, investment, and luxury living. With no kafeel requirement, the ability to buy and own property, and access to a booming market under Vision 2030, it’s redefining opportunities for foreigners in the Kingdom. For anyone seeking a secure investment climate and premium lifestyle, Premium Residency in Saudi Arabia is the key.
For more insights on the Saudi real estate market, career opportunities, and industry updates, visit Bayut Saudi Blog and follow us on social media for the latest trends.
