Document background
The Area Residential Purchase Contract is a fundamental legal instrument used in Saudi Arabian real estate transactions for the purchase and sale of residential properties. This document is essential for any residential property transaction within the Kingdom, whether involving local or foreign buyers (subject to foreign ownership restrictions). The contract incorporates all necessary elements required by Saudi law, including property details, payment terms, and transfer procedures, while ensuring compliance with both civil law and Sharia principles. It is designed to protect both parties' interests and facilitate smooth property transfer through relevant authorities. The document has been updated to reflect recent regulatory changes under Vision 2030 and includes provisions for modern transaction methods while maintaining traditional requirements such as witness signatures and notarization.
