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Current Riyadh Compound asking prices vs negotiated prices

Current Riyadh Compound asking prices vs negotiated prices

Old Apr 17th 2019, 12:59 pm
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Default Current Riyadh Compound asking prices vs negotiated prices

I'm considering moving out of my current Riyadh compound this summer as am still paying full price (300k SAR) and the compound is going downhill.

Anyone have any information on current compound prices? I'd probably be looking at a 2/3 bed villa somewhere like Al Nakhla, Al Bustan, Arizona, Cordoba or the new compound near to Al Nakhla (can't remember what it's called).

What would be really helpful is knowing how much actual discount people are currently negotiating to get vs the current asking prices. Thanks!!

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Old Today, 8:53 am
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Default Re: Current Riyadh Compound asking prices vs negotiated prices

Very interested to hear people’s recent experience as I am expecting to move to Riyadh in May - any guidance would be gretefully received
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Old Today, 11:59 am
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Default Re: Current Riyadh Compound asking prices vs negotiated prices

Originally Posted by FriendlyExpat View Post
I'm considering moving out of my current Riyadh compound this summer as am still paying full price (300k SAR) and the compound is going downhill.

Anyone have any information on current compound prices? I'd probably be looking at a 2/3 bed villa somewhere like Al Nakhla, Al Bustan, Arizona, Cordoba or the new compound near to Al Nakhla (can't remember what it's called).

What would be really helpful is knowing how much actual discount people are currently negotiating to get vs the current asking prices. Thanks!!
The new one not far from Al Nakla is called Wadi Qurtoba. Had a quick look around a few months ago, a two bed apartment was 150k. Very nice standard. Out of the ones we looked at, they were the most resistant to negotiating. Refused to budge on price for a single unit, and said if a company came in and took several units, then maybe...

Most of the others were always a little more open to discount 10-15% - especially if you paid the full whack for 12 months up front. Most compounds now will not have a waiting list due to reducing expat numbers in general, so prices can be a little more flexible. Personally though, I wouldn't pay for 12 months up front. I've experienced and also witnessed many expats getting the bullet at very short notice, with absolutely no warning.
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Old Today, 12:03 pm
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Default Re: Current Riyadh Compound asking prices vs negotiated prices

Originally Posted by nottmbantam View Post
The new one not far from Al Nakla is called Wadi Qurtoba. Had a quick look around a few months ago, a two bed apartment was 150k. Very nice standard. Out of the ones we looked at, they were the most resistant to negotiating. Refused to budge on price for a single unit, and said if a company came in and took several units, then maybe...

Most of the others were always a little more open to discount 10-15% - especially if you paid the full whack for 12 months up front. Most compounds now will not have a waiting list due to reducing expat numbers in general, so prices can be a little more flexible. Personally though, I wouldn't pay for 12 months up front. I've experienced and also witnessed many expats getting the bullet at very short notice, with absolutely no warning.
Thanks for the information about Wadi Qurtoba - if it’s new & shiny that’s a bonus but more importantly for the missus is that there’s a community already established with a social life ready to join - any idea how that’s going at WQ ?
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Old Today, 12:49 pm
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Default Re: Current Riyadh Compound asking prices vs negotiated prices

Originally Posted by pattaganan View Post
Thanks for the information about Wadi Qurtoba - if it’s new & shiny that’s a bonus but more importantly for the missus is that there’s a community already established with a social life ready to join - any idea how that’s going at WQ ?
No worries. We visited in December, and at that time , it only had 10% occupancy. It's a big place, I think 6-700 units, so will take some time to generate a community feel, but they did say they were letting units at a good pace. Whether this was just sales talk, I don't know. If I were to move now, that's probably the place I'd go to. Good location, and very nice facilities.
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Default Re: Current Riyadh Compound asking prices vs negotiated prices

Originally Posted by nottmbantam View Post
No worries. We visited in December, and at that time , it only had 10% occupancy. It's a big place, I think 6-700 units, so will take some time to generate a community feel, but they did say they were letting units at a good pace. Whether this was just sales talk, I don't know. If I were to move now, that's probably the place I'd go to. Good location, and very nice facilities.
Many thanks for your advice - greatly appreciated
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