Home Finance for Non-Saudis (Expatriates)
Home Finance for Non-Saudis (Expatriates)
Overview
Our Murabaha-based home finance is tailored for non-Saudi residents (expatriates) working in the Kingdom of Saudi Arabia. This program aims to help long-term residents achieve homeownership by offering transparent, flexible, and fully Shariah-compliant financing solutions—giving you confidence and peace of mind when investing in your future home.Key Features
Financing up to SAR 10 million
Fixed profit margin and monthly installments
No salary transfer required
Property deed under the customer’s name
No employer agreement required
Flexible repayment options
Financing tenure up to 30 years
Debt waiver in the event of death or total disability (God forbid)
100% Shariah-compliant
Eligibility Criteria
Valid Iqama (residency permit)
Minimum monthly income of SAR 15,000
Age between 20 and 55 at the time of application
Down payment starting from 10%
Residency Duration:
- Does not apply to Premium Residency holders
- For Other Residency holders:
- Three years required
- One or two years of premium payment may be accepted
Employment Tenure Based on Salary:
| Monthly Salary | Minimum Employment Duration |
|---|---|
| SAR 15,000+ | 12 months |
| SAR 20,000+ | 9 months |
| SAR 25,000+ | 6 months |
Property must be within urban boundaries and meet financing requirements
Passing credit evaluation
Property type: Villa or Apartment
Required Docs
Salary certificate
Bank statement for the last 6 months
Completed finance application form
Copy of the property title deed
Property location map
Fees
Administrative fee: 1% of the financing amount or SAR 5,000 (whichever is lower)
Are you a Saudi citizen looking for a reliable home financing solution?
Our tailored financing options make it easy for you to apply and secure the home of your dreams. With a simple application process, you can take the first step towards owning your own home today!
FAQ
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Dar Al Tamleek products were developed in close coordination with the Shariah Supervisory Board and are formally certified as being Shariah compliant. The Shariah Board actively participates in developing and overseeing the company’s products to ensure strict adherence to the principles of Shariah.
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Four factors determine whether the client qualifies for a contract -- current income, total debt, credit history and the home finance payments.
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Yes. All verifiable income sources are considered in qualifying an applicant
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The value of the property in question is determined by an appraisal which is a prime factor in determining the value. Dar Al Tamleek will arrange for an appraisal of the client’s property to verify its value through an authorized professional who estimates the value of the property and sends the information to Dar Al Tamleek for evaluation.
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A minimum of SAR 5,000 per month is required.
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The maximum home value amount is SAR 5,000,000.
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Yes. Any application by a wife, father, son, brother or sister is considered
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Yes. The company accepts 10% down payment per SAMA regulations.
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Dar Al Tamleek can arrange a term as long as 30 years, depending on your circumstances.
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No, as long as minimum monthly income can be verified.
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The general guidelines are one year of employment with a private company and six months with a government agency. However it is the total monthly income from all sources that is considered in evaluating the application regardless of length of time employed.
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Yes, you can lease out the property provided that Dar Al Tamleek approves the sub-lease and you remain responsible for the contract.
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You can re-sell the property as long as the original contract is paid in full.
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Yes, all requests for an early payment should be forwarded to any of our offices for processing.
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Both property and life insurance is required. Dar Al Tamleek or Public Pension Program pays full cost of insurance.
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It will cover all damages arising out of fire, accidents, natural perils and harm caused by others.
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No, the monthly payments are fixed for the contract term.
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Contact a representative immediately at Dar Al Tamleek if you believe your payments are becoming a problem. A delay in notifying the company could have an adverse effect on your credit standing. One of our representatives will work with you to try to resolve the issue.
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All customers are issued a reference number and password which you can use to log into our website to check the details of your contract.
