Commercial Properties for Sale in Saudi Arabia

What is Commercial Real Estate, and What Are Its Types?

Commercial real estate refers to properties designed for profit-generating activities, distinct from residential properties used solely for housing. Commercial properties cover a wide range of types to cater to the diverse needs of companies and investors in the market. Here are some of the main types:

• Retail Shops: These are properties used for selling goods and services directly to customers. They are often situated in strategic locations or within shopping centers to attract maximum foot traffic.
• Commercial Offices: These spaces are designed for business operations and administrative activities, usually located in office complexes within business districts.
• Warehouses and Storage Units: Used for storing goods and products requiring ample space, warehouses are often located in industrial or commercial areas with convenient access to transportation networks.
• Hotels and Serviced Apartments: These provide accommodations for tourists and visitors, especially popular in main cities and tourist hubs.
• Shopping Malls and Retail Centers: These are large buildings that house numerous shops and entertainment facilities, such as restaurants and cinemas, attracting a steady influx of visitors.
• Medical and Healthcare Facilities: These include clinics, medical centers, and hospitals that operate for financial gain.
• Private Schools and Universities: Educational institutions represent substantial investments, particularly in densely populated cities.

Benefits of Investing in Commercial Real Estate in Saudi Arabia

Investing in commercial real estate in Saudi Arabia offers numerous advantages, making it a lucrative and promising option for both local and international investors:

• High Financial Returns: Commercial properties generally offer higher returns than residential properties due to higher rental rates and long-term leases.
• Investment Stability: Commercial real estate is often considered a stable, long-term investment, especially in cities with a vibrant economy and continuous commercial activities.
• Diverse Economic Sectors: Saudi Arabia’s diverse sectors allow investors to choose commercial properties that align with their specific business interests, providing varied revenue streams.
• Government Support for Business: Saudi Arabia’s Vision 2030 supports businesses and encourages investment in commercial real estate by providing incentives and easing regulations.
• Tax Exemptions and Incentives: The Kingdom offers a favorable investment climate with tax exemptions and incentives for foreign companies, enhancing the appeal of commercial real estate investments.

Best Cities and Areas in Saudi Arabia to Buy Commercial Real Estate

Saudi Arabia offers a variety of cities and regions that provide a favorable environment for commercial real estate investments. Each area has unique advantages and industries that contribute to its appeal:

• Riyadh: As the capital and financial hub of Saudi Arabia, Riyadh is home to several business districts like Al-Olaya and Al-Nuzha, known for a high concentration of offices and corporate establishments.
• Jeddah: As a major commercial gateway on the Red Sea, Jeddah’s commercial real estate market experiences high demand, particularly in neighborhoods such as Al-Shati and Al-Rawdah.
• Dammam and Al-Khobar: Located in the Eastern Province, these cities have witnessed significant growth, particularly due to the industrial and service sectors, offering substantial opportunities in commercial zones.
• Madinah and Makkah: Known for their religious significance, these cities attract tourism and commercial investments, making properties like hotels and serviced apartments highly profitable.
• Taif and Abha: Tourist cities like Taif and Abha provide promising opportunities for commercial real estate, with a growing need for hotels, restaurants, and retail shops to serve visitors.

Average Prices of Commercial Real Estate in Saudi Arabia

Prices for commercial properties in Saudi Arabia vary depending on location, type, and demand within the area. Below are some average price ranges across key cities:

• Riyadh: The cost of retail and office spaces in central districts like Al-Olaya and Al-Nuzha ranges from approximately $700,000 and can reach several million dollars in high-demand areas.
• Jeddah: In popular areas such as Al-Shati and Al-Rawdah, retail spaces are priced between $500,000 and $800,000.
• Dammam and Al-Khobar: Commercial property prices here start at around $400,000 for offices and retail spaces in prime locations.
• Makkah and Madinah: Property values can vary significantly in these cities due to seasonal demand linked to religious tourism, with prices soaring for properties near the holy sites.

With Imtilak Global, investors have access to the best options in the Saudi market at competitive prices. Leveraging its extensive experience and strong partnerships with top developers, Imtilak Global offers exclusive and exceptional deals for commercial real estate.

Commercial Properties for Sale in Saudi Arabia: Imtilak Global’s Offers

Among the distinctive commercial real estate projects presented by Imtilak Global in Saudi Arabia is the Durar Al Layali Project:

• Durar Al Layali Project: This project is located in the Al-Nuzha district in Riyadh, developed by Al Mashariq First Company. It is strategically positioned in one of Riyadh’s prominent districts, making it ideal for offices and retail stores. The project is currently under construction and is expected to be completed by the first quarter of 2025. Prices start from $658,000, offering various spaces and modern designs to meet the needs of different businesses. The project also provides flexible payment options and multiple investment packages to suit investors' preferences.

Seize the Best Commercial Real Estate Opportunities in Saudi Arabia with Imtilak Global

Imtilak Global is renowned for its exceptional reputation in the Saudi real estate market, offering comprehensive advisory services that help investors make the right decisions. Thanks to its extensive experience and strategic relationships with leading developers, Imtilak Global enables clients to access exclusive deals at the best prices, with flexible financing options and convenient installment plans.

If you are looking for a promising investment opportunity in Saudi Arabia's commercial real estate sector, Imtilak Global is the ideal choice to start a successful and secure investment journey, tailored to meet your needs and budget, with all the support needed to achieve rewarding returns.