Real Estate in Khobar, Saudi Arabia
Last updated on May 11, 2024
Summary: Expats and retirees talk about real estate in Khobar, Saudi Arabia? How do you find a home in Khobar? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Khobar?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Khobar involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a small apartment to a large villa, depending on your needs and financial capability. Next, you should research the different neighborhoods in Khobar to find one that suits your lifestyle and preferences. Some popular residential areas include Al Bandariyah, Al Thuqbah, and Al Aqrabiyah. Consider factors such as proximity to work or school, availability of amenities, safety, and the general atmosphere of the neighborhood. Once you've identified a suitable area, you can start looking for available properties. There are several online real estate platforms that list properties for rent or sale in Khobar, such as Bayut, Propertyfinder, and expatriates.com. These websites allow you to filter your search based on location, property type, size, and price range. Alternatively, you can engage the services of a real estate agent. They can provide valuable insights about the local property market and help you find a place that meets your criteria. Make sure to choose a reputable agent who is registered with the Saudi Ministry of Housing. Before making a decision, it's important to visit the property in person. Check the condition of the property, ask about maintenance services, and try to get a feel for the neighborhood. If you're renting, make sure to read the lease agreement carefully and understand all the terms and conditions. Finally, once you've found a place you're happy with, you can proceed with the necessary paperwork. This typically involves signing a lease agreement or sales contract, paying a deposit or down payment, and registering the contract with the relevant authorities. If you're not fluent in Arabic, you might want to get legal assistance to ensure you fully understand the contract," remarked one foreigner who made the move to Khobar.
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What is a typical expat home or apartment like in Khobar?
"Expat homes or apartments in Khobar, are typically modern and spacious, designed to accommodate both individuals and families. They often come fully furnished with contemporary furniture and appliances. The living room is usually large and comfortable, often with a separate dining area. The kitchen is typically equipped with modern appliances such as a refrigerator, stove, and sometimes a dishwasher. Bedrooms are usually spacious, with master bedrooms often having an en-suite bathroom. Some apartments may also have a guest room or a maid's room. Bathrooms are typically modern and well-maintained, often featuring a bathtub or a shower cubicle. Many expat homes and apartments in Khobar also come with amenities such as a gym, swimming pool, and sometimes even a children's play area. Some of the more upscale apartments may also have a sauna or a steam room. Security is usually a top priority in these homes, with 24-hour security services and CCTV cameras often in place. Some apartments may also have a dedicated parking space for residents. The location of these homes is often in close proximity to international schools, shopping malls, hospitals, and restaurants, making it convenient for expats. Many of these homes offer a comfortable and luxurious living experience, with stunning views of the city or the Arabian Gulf. Despite the modern comforts, these homes often incorporate elements of traditional Arabic architecture, such as intricate tile work and arches, blending the old with the new. The overall living experience in these homes is designed to be comfortable, convenient, and secure, catering to the needs and lifestyles of expats in Khobar," explained one expat living in Khobar, Saudi Arabia.
What is the average cost of housing in Khobar?
If you are thinking about moving to Khobar, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Khobar can vary greatly depending on the type and size of the property. For instance, a one-bedroom apartment in the city center may cost around SAR 1,500 to SAR 2,500 per month, while a three-bedroom apartment in the same area could range from SAR 3,000 to SAR 5,000 per month. If you're looking to buy property, the price per square meter in the city center is typically between SAR 4,000 and SAR 6,000. However, these prices can fluctuate based on factors such as location, amenities, and the current state of the real estate market," explained one person living in Khobar, Saudi Arabia.
Should I buy or rent a home in Khobar?
If you have not spent a lot of time in Khobar, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Khobar, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Khobar for a long period, buying a home could be a good investment. Owning a property allows you to build equity over time and could provide financial security in the future. However, buying a home also comes with significant upfront costs, including a down payment, closing costs, and maintenance expenses. It also requires a long-term commitment, as selling a home can take time and effort. On the other hand, renting a home in Khobar offers more flexibility. It's a good option if you're not sure about your long-term plans or if you prefer not to deal with the responsibilities of homeownership. Renting allows you to move more easily if your circumstances change, and it often comes with fewer upfront costs. However, renting doesn't build equity, and you may face annual rent increases. You also have less control over your living space, as you can't make significant changes without the landlord's permission. In conclusion, whether you should buy or rent a home in Khobar depends on your financial situation, your long-term plans, and your personal preferences. It's important to carefully consider all these factors before making a decision," said one expat in Khobar.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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