Non-Saudis can now own one property in kingdom

Non-Saudi legal residents of the kingdom can now own a single property in the country, according to a report.

Saudi Arabia's Absher platform has set out three requirements that must be fulfilled by expatriates in order to buy a property in the kingdom, said the Saudi Gazette report.

The platform said the following three coditions should be met:

* The foreigner should have a valid and unexpired residency ID (Muqeem).

* The resident must provide all information about the property along with a copy of the title deed.

* He or she should not have another property in the kingdom.

Absher stated that the service can be availed by accessing “My Services” (Khidmaty) on the Absher platform, then entering “Services” (Khidmat), then “General Services” (Al-Khidmatul Aamma), and from there to “Application for owning real estate for non-Saudis”.

Source: http://www.tradearabia.com/news/CONS_385683.html