Luxury Real Estate in Riyadh — Buy a Villa or Apartment
Riyadh is the centre of Saudi Arabia’s economic transformation and the country’s main business city. Since 22 January 2026 a new property ownership system for non-Saudis has been in force: both residents and non-residents can buy within approved geographic zones. At the same time a large volume of new supply is coming to market, so the choice should be a specific project with a strong location, a clear entry price and liquidity — not “Riyadh in general”.
Nika Estate works in the premium segment of Riyadh: apartments, villas, townhouses and branded residences. Entry starts from USD 266,000. Before you place a deposit we check that the property is open to foreign buyers, verify the developer and the permits, and run the transaction through to title registration.
Company founder Victor Sadygov personally leads the Saudi Arabia direction. We will match a property to your goal — family relocation, rental income or an investment with an exit in a few years.
Available properties
- Roya — 306,072 $
- Nesaj Al Fursan — 437,705 $
- Rose Avenue — 1,948,613 AED
- Nobu Residences Riyadh — 622,583 $
- Ewan — 786,561 $
- Rejan Hills — 820,069 $
- Neptune by Mouawad — 853,170 $
- ETOILE — 1,066,461 $
- The Ritz-Carlton Residences, Diriyah — 2,774,930 $
- Baccarat Diriyah — 11,557,770 $
- Armani Residences — 12,853,352 $
- Corinthia Diriyah — 13,388,400 $
Frequently asked questions
Can a foreigner buy property in Riyadh?
Yes. Since January 2026 both foreign residents and non-residents can buy property in Saudi Arabia within approved geographic zones. Nika Estate checks whether a specific property is available to you through the official Saudi Properties and REGA channels before any deposit.
How much does luxury property in Riyadh cost?
Our catalogue currently holds 12 properties: apartments — from $306,000 to $13,388,000; villas — from $438,000 to $2,775,000; townhouses — $531,000. The price depends on the district, construction stage and floor area. The full list is below on this page.
Which districts of Riyadh should I consider?
We match the district to your goal rather than to a generic ranking. For investment and capital growth — Hittin, Al Malqa, Al Narjis, Al Yasmeen and north Riyadh in general. For rental demand — Hittin, Al Narjis, Al Malqa and areas close to the main business centres. For family living — Al Malqa, Al Narjis, Al Yasmeen and Hittin. Before recommending a specific property we check that it is open to foreign buyers.
What is the smarter buy in Riyadh right now?
It depends on the goal. For investment — quality apartments, especially one- and two-bedroom units, and strong off-plan projects with a clear entry price and exit strategy. For capital preservation — branded residences. For family relocation — villas and gated residential communities. A Riyadh address alone does not make a property a good investment: be careful with branded residences carrying a high premium if the goal is maximum rental yield, and with off-plan projects priced well above comparable ones.
What return can I expect?
We do not promise generic percentages. Return is calculated for a specific property: entry price, the real rental rate for comparable units, costs, holding period, liquidity and the expected exit price. We run this calculation before you place a deposit.
How long does a transaction take and what is included?
A standard transaction takes 2 to 6 weeks once the property is chosen and the required documents are provided. We handle developer and document checks, negotiate terms, prepare the contract and support settlement, including questions around transferring funds.
Can I view properties remotely?
Yes. We arrange remote video viewings and share the documents for the chosen property in advance, so you can review and check them beforehand. Many clients fly in only for the final viewing, once the shortlist is agreed.
In the media
- Dubai vs Riyadh: How International Investors Should Compare Property in 2026 — Dubai Week, 06.10.2026