Buying an Apartment in Riyadh: A Step-by-Step Guide
Planning to buy in Riyadh? Follow these practical steps to make a confident, value-driven decision.
1) Define Needs & Budget
- Goal: primary residence or rental investment.
- Budget: down payment, monthly installment, extra fees.
- Shortlist areas near schools, work, and amenities.
2) Smart Search & Comparison
- Compare districts by demand and services.
- Check building age, developer reputation, parking, elevators.
- Review shared service fees (maintenance, security, cleaning).
3) Inspect Before You Commit
- Plumbing, electrical, thermal/acoustic insulation.
- Finish quality, windows/doors, kitchen fittings.
- Request a professional inspection report if available.
4) Pricing & Negotiation
- Benchmark against similar listings in the same area.
- Make a clear written offer with price and timeline.
- Negotiate inclusions (appliances, extra parking) when possible.
5) Financing & Closing
- Choose a financing product that suits your profile.
- Prepare documents early to speed approvals.
- Review the sale agreement and ownership details carefully.
Tip: Calculate total cost of ownership (service fees + insurance + maintenance) before finalizing.