Under Construction Apartments for Sale in Riyadh

Benefits of Buying an Under-Construction Apartment in Riyadh

Buying an under-construction apartment in Riyadh is an ideal choice for investors and individuals looking for a favorable opportunity. Here are the top five benefits that make this option attractive:

• Lower Prices: Buyers can benefit from lower prices compared to ready apartments. During the construction period, prices are lower due to the early stages of development, providing an opportunity for significant profits upon completion.
• Customization and Modification: Buying an apartment in the construction phase allows buyers to customize the design and choose decorations and finishes. This gives the person the opportunity to make their home better reflect their personal taste.
• Increase in Value Over Time: Under-construction apartments are characterized by their ability to increase their market value as construction stages progress. Early investment can lead to significant financial returns once the project is completed.
• Flexible Payment Plans: Real estate development companies often provide flexible payment plans for under-construction apartments, making the purchase more attractive to investors and individuals looking for affordable financing options.
• Benefit from Urban Developments: Many under-construction apartments are located in areas experiencing new urban and commercial developments, increasing their future value and making them an excellent investment.

Benefits of Investing in Under-Construction Apartments in Riyadh

Investing in under-construction apartments in Riyadh is a golden opportunity to achieve lucrative returns. Here are five benefits that highlight the importance of this type of investment:

• Quick Profit Realization: Investors who buy apartments in their early stages can expect a price increase once the project is completed. This allows them to sell the properties at a higher price and achieve significant profits.
• Lower Financial Risks: Since the investment is made at an early stage, the financial risks are lower compared to buying a ready apartment. Also, reputable real estate companies provide guarantees that increase security for investors.
• Real Estate Diversity: Investing in under-construction apartments allows investors to choose from a variety of options and locations, enabling them to identify the optimal choice that aligns with their investment strategies.
• Tax Benefits: Some governments provide tax incentives for investing in under-construction properties, which helps reduce overall costs and increase potential returns.
• Benefiting from the Increase in Demand: With population growth and urban expansion in Riyadh, the demand for new properties is increasing. Investing in under-construction apartments places investors in a prime position to benefit from this growing demand.

The return on investment in under-construction apartments tends to be higher due to the significant increase in value after the completion of construction and development. Ready apartments provide more stability, but the rate of increase in value is slower.

Average Prices of Under-Construction Apartments in Riyadh

The average prices of under-construction apartments in Riyadh range from 300,000 to 1,000,000 Saudi Riyals. This disparity depends on several factors such as location, size, quality of finishes, and the facilities available in the project. The most distinguished areas and those close to important services such as shopping centers, educational institutions, and hospitals tend to be priced higher compared to less developed areas.

During the construction period, buyers benefit from lower prices compared to ready apartments. This decrease is due to several reasons; firstly, buyers bear part of the risks related to delivery delays or changes in specifications. Secondly, the flexible payments offered in installments that coincide with construction progress make the purchase more attractive and feasible. Finally, early investment in under-construction properties provides an opportunity to benefit from the expected rise in prices once construction is completed and unit delivery begins.

With the completion of the project and the delivery of residential units, prices rise significantly, reflecting the added value from the final finishes, developments in facilities, and other improvements added to the project. This increase in prices makes investing in under-construction apartments an ideal opportunity for investors seeking attractive financial returns and for individuals looking for a home whose value increases over time.

Under-Construction Apartments for Sale in Riyadh by Imtilak Global

Imtilak Global, our company specializing in the Riyadh real estate market, has contracts with the best real estate development companies, enabling us to meet all customer needs in line with different budgets. See some of our outstanding under-construction projects in Riyadh:

1. Ijaz 24 Apartments Project: This project is distinguished by its strategic location and modern design that meets the needs of families looking for comfort and privacy.
2. Riviera 28: This project is an ideal choice for those looking for luxury and distinction, with comprehensive recreational facilities and high-quality finishes.
3. Alin 90: This project offers a variety of residential units that suit all needs, from small studios to spacious apartments, with all basic services and public facilities provided.

Best Areas to Buy Under-Construction Apartments in Riyadh

Choosing the right area to buy an under-construction apartment in Riyadh is a crucial factor in maximizing the benefits of the investment. Here are the top five areas:

• New Riyadh: This area is experiencing rapid growth and offers great investment opportunities thanks to modern infrastructure and large projects.
• Al Yasmin District: Considered one of the upscale neighborhoods that provide under-construction apartments with modern designs and special services, making it an ideal choice for families.
• Al Malqa District: This district is known for its strategic location and proximity to shopping centers and services, making it an ideal location for investing in under-construction apartments.
• Al Narjis District: This district offers diverse housing options and enjoys a quiet and comfortable environment, making it a great place for families looking for stability.
• Al Arid District: Known for providing under-construction apartments at affordable prices and excellent building quality, it is a good choice for young investors and small families.

Book a Free Real Estate Tour with Imtilak Global

At Imtilak Global, we offer a free real estate tour service that provides clients with a unique opportunity to explore the best real estate projects that meet their needs. By carefully studying the client's request, we present a selection of projects that match their aspirations.

The tour includes accompanying the client to visit these projects, allowing them the optimal choice among them at no cost. Imtilak Global ensures a smooth and comfortable real estate buying experience, providing all the necessary information to make informed decisions.