Villas for Sale in Saudi Arabia

Villas have been always the favorite property type for the Saudi people. This has been since very long time ago and it is due to the fact that the villas provide some major advantages as property type over other property types like apartments for example. Some of the main advantages that the villas provide to the Saudi people are; privacy & space. These two advantages represent a huge benefit for the local people in the kingdom. There are huge spaces in neighborhoods in the main cities in the kingdom like Riyadh, Jeddah, Al -Dammam & Khobar and those neighborhoods are mainly for villas. Moreover, such neighborhoods are known for the services and unique properties that they offer to the people. On the other hand, in smaller cities in the country like Yanbu or Najran, there are some neighborhoods with villas as well but the sizes of the properties, specifically the sizes of the villas are a lot smaller and the compounds that they are in do not offer advanced services like the compounds in the big cities.

Villas Market in Saudi Arabia

The Saudi real-estate market is very strong when it comes to buying villas. The amount of villas bought and sold in the Saudi market is tremendous and although sometimes the prices are extremely expensive, nevertheless, the Saudi people love buying villas. Another thing that is known on the Saudi real-estate market that is new neighborhoods continues to be built constantly. The Saudi government and villas for saleother real-estate development companies in the region continue to spend millions on housing projects in Saudi Arabia and specifically the major cities in the kingdom. The prices of villas in the major cities are usually double of that in the smaller cities and this is due to several factors of course; like the level of income of the people, the compounds in the city, the population plus many other factors that decide the level of property prices in the city. So, in small cities the average villas usually costs between 500,000 SAR & 2 Million and double that for the big cities which clearly show that there is still a big difference between the properties in the small & big cities. During the past several years, new compounds have been built that contain very luxurious villas and very high service offered like Al Yasmin housing compound in Riyadh and Al Morgan compound in Jeddah and the prices there range from 1 to 2 Million Riyals. The prices of villas in general in the kingdom has been somehow fluctuating, during the past five years, the villas prices have been going up tremendously, then it went down again during the past year until it increased again throughout the last several months. Furthermore, throughout the last decade, more real-estate companies have been aiming at offering very luxurious villas and selling them, bearing in mind that almost only the Saudis own villas and rarely when you find an expatriate owning one.