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All articles→Jeddah is Saudi Arabia's second city and its Red Sea port, and it has always been the country's most outward-facing place. Pilgrims have arrived here on their way to Makkah and Madinah for centuries, and it was a trading city long before anyone called it a tourist one. That history is why it reads differently from Riyadh. Riyadh runs on government and on the companies moving their regional headquarters there. Jeddah runs on the coast, the events calendar and a resident population that has lived alongside foreigners for generations.
Two numbers matter to a non-Saudi buyer. The first is 57, the count of approved zones in Jeddah where foreign ownership is permitted under the law in force since 22 January 2026, Jeddah Central among them. That is the widest access of any Saudi city. The second is price: apartments here average around SAR 4,385 per m², well under what the same space costs in the capital.
Jeddah runs north to south along the coast, and the through-routes run the same way. King Abdulaziz Road is the spine of the northern city and carries most of the newer residential and commercial building. A tunnel beneath it is planned. King Abdulaziz International Airport sits at the north-eastern edge, which is why the northern districts have a twelve-minute airport run while the historic centre is closer to half an hour.
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Yes, inside an approved zone. The Law of Real Estate Ownership by Non-Saudis has been in force since 22 January 2026, and the geographic zones document published on 23 June 2026 lists 57 zones in Jeddah, including Jeddah Central. Ownership is not city-wide, and each zone carries its own permitted ownership percentage and right types, which REGA publishes.
On registration in the Real Estate Registry, not on signing the contract and not on paying. This is the single most important procedural difference from markets where signature transfers risk.
The Real Estate Transaction Tax is 5% of the transaction value, administered by ZATCA, and VAT at 15% applies to the services around the deal such as brokerage, legal work and valuation rather than to the transfer itself. Closing costs typically land between 6% and 9% where the buyer carries the main items. Palmera charges the buyer nothing.
Residents holding a Saudi residency permit apply through the Saudi Properties platform. Non-residents start the process through a Saudi embassy or consulate.
They are different bets, and the numbers say so. Riyadh is the capital, the Expo 2030 host and the landing point for the regional headquarters programme, with apartments averaging around SAR 6,245 per m². Jeddah is coastal, carries the longer event calendar through 2034, and its apartments average around SAR 4,385 per m². Jeddah also has 57 approved ownership zones against Riyadh's nine, so there is simply more of the city a non-Saudi can buy in. Riyadh rents are held at their September 2025 level for five years under a royal decree; Jeddah has no such cap.
Apartments average around SAR 4,385 per m² and villas around SAR 5,185 per m², with the waterfront and the prime northern districts above both. Prices moved up over the year to the first quarter of 2026, apartments by 1.2% and villas by 3.2%. On the rental side, apartments let for around SAR 25,013 a year on average across the city, and the districts that command the highest rents are Al Shati, Al Hamra and North Obhur.
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