Buying property in Saudi Arabia? Here’s how to pay securely in 2025

Saudi Arabia’s real estate market continues to grow rapidly in 2025, attracting both domestic and foreign investors. The Kingdom’s Vision 2030 reforms have opened new opportunities in residential, commercial, and mixed-use property sectors. However, handling large real estate payments here requires strict compliance with Saudi financial laws, banking regulations, and Sharia-based transaction principles.

This guide covers secure and compliant methods for transferring funds in property transactions within Saudi Arabia, ensuring you avoid legal pitfalls and protect your investment capital.

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1. Bank-to-bank transfers through approved local banks

The most common and legally recognized method is transferring funds via an approved Saudi bank. Payments are usually made in Saudi Riyals (SAR), and local banks apply strict Know Your Customer (KYC) procedures. While this method ensures regulatory compliance, it is essential to choose a bank experienced in handling foreign buyer transactions to avoid unnecessary delays. VelesClub Int. and our partner UNIBROKER can coordinate with your existing bank to set up direct correspondent relationships, making the process faster and more transparent.

2. Escrow accounts for off-plan and high-value purchases

Saudi property laws require developers selling off-plan units to use Ministry-approved escrow accounts. This protects buyers by holding their payments until specific construction milestones are met. Using an escrow service is also advisable for completed property purchases involving large sums, ensuring that funds are only released once all legal and contractual conditions are fulfilled.

3. SWIFT transfers with currency conversion planning

International SWIFT transfers remain a viable option for foreign investors. However, due to exchange rate fluctuations and bank fees, planning your currency conversion is critical. Sending funds directly in SAR can sometimes reduce conversion costs, but in many cases, sending in USD or EUR and converting locally is more efficient. Partnering with licensed intermediaries ensures compliance with Saudi currency control rules.

4. Certified cheques for local settlement

In certain transactions, especially between local parties, certified cheques issued by Saudi banks are used. While not common for foreign buyers, this method can be effective for final settlement once all approvals are in place. However, it should always be accompanied by a written payment agreement verified by a licensed notary.

5. Payment via licensed financial intermediaries

Some buyers prefer to route payments through licensed financial intermediaries operating in the Kingdom. This can simplify compliance and currency control procedures, especially when funds originate from multiple sources. It also provides an additional audit trail, which is valuable for both legal protection and tax reporting.

6. Instalment payments under developer contracts

When purchasing directly from a developer, instalment payment schedules are common. These are tied to construction progress or other contractual milestones. All instalment payments must be made through regulated banking channels to ensure the transfer is legally valid and recognized by the Ministry of Justice.

7. Digital payments under regulatory oversight

As part of its Vision 2030 initiative, Saudi Arabia has introduced regulated digital payment solutions, including real-time gross settlement systems and approved fintech platforms. While still emerging in the property sector, these options can speed up smaller payments, such as reservation deposits, with full compliance to anti-money laundering (AML) requirements.

Key compliance considerations before making a payment

• Legal framework: Saudi property laws are influenced by Sharia principles, so transactions must avoid interest-bearing structures and follow specific contract formats.
• Currency regulations: All large payments must be documented and processed through approved banking channels.
• Ownership eligibility: Certain property types and locations may be restricted for foreign ownership, requiring special permits.
• Documentation: Ensure all sale agreements, approvals, and identification documents are verified by Saudi authorities before transferring funds.
• Tax obligations: Factor in any applicable taxes, such as the Real Estate Transaction Tax (RETT), and ensure timely payment to avoid penalties.

Common challenges for foreign buyers

Foreign investors often face delays due to incomplete documentation, unfamiliarity with local procedures, and strict currency transfer rules. These challenges can be mitigated by working with professionals who understand both Saudi and international banking systems, ensuring that every payment step is compliant and efficient.

How VelesClub Int. and UNIBROKER ensure safe property payments

At VelesClub Int., in partnership with UNIBROKER, we provide tailored solutions for handling real estate payments in Saudi Arabia. Our services include:

• Coordinating with approved Saudi banks for secure fund transfers
• Setting up escrow accounts in compliance with Ministry regulations
• Advising on currency conversion strategies to minimize costs
• Ensuring all transfers meet Saudi AML and KYC requirements
• Providing full documentation support for legal and tax compliance

Start your secure transaction process today

Whether you are buying a residential villa in Riyadh, an office unit in Jeddah, or an investment property in a special economic zone, secure payment handling is critical. With VelesClub Int. and UNIBROKER, you gain access to a trusted international network, deep local expertise, and transaction methods designed to protect your capital while meeting every legal requirement in Saudi Arabia.