Prerequisites for Understanding Real Estate in the KSA
Types of Real Estate
Residential:
- Homes (flats or apartments)
- Primary residence of people
- Student accommodation
Commercial:
- Property for business purposes
- Property for non-residential purposes
Taxable/ VAT Registered Person
Someone who carries out economic activity in the KSA
Resident
Someone who has a place of residence in the KSA for VAT purposes
Non-Resident
Someone who has no place of residence in the KSA