TaxSavvySA

Premium residency through property ownership

I own a villa worth SAR 5 million in Riyadh. Can I get residency from it?

The situation

The Real Estate Owner category of premium residency needs residential property worth at least SAR 4,000,000, free of existing and future mortgages. Validity is tied to continued ownership.

The law

  • Premium Residency Law and product rules: Limited (SAR 100,000 a year) and unlimited (SAR 800,000) products plus five newer categories

What it means for you

A SAR 5,000,000 villa passes the value test if it has no mortgage. If you sell it, the residency link ends. This route suits owners who want to live in the Kingdom without a sponsor; you still need MISA registration if you also run a company.

What to do

  1. Confirm the deed shows no mortgage.
  2. Get a valuation if needed.
  3. Apply on the Premium Residency Center.

We can do this for youPremium residency for business owners and investors: choosing the right product and linking it to your company: SAR 5,000

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