"Rent splitting" with Rize lets you move in now and pay your rent in monthly installments, instead of paying the whole year upfront.
Here’s everything you need to know about rent splitting with Rize.
Rize was founded in 2021 by Ibrahim Balilah and Mohammed Alfraihi. They noticed that tenants needed more flexibility, because rent in Saudi Arabia is usually paid annually or semi-annually. So they developed the "rent splitting" service, which turns annual rent into payments that match your monthly income.
Instead of one large amount at once, you pay a fixed monthly amount that fits your salary. For full details and a comparison, see our guide to paying rent monthly.
Badr commented: "A good project and a great idea that will benefit a lot of people. Unlike some platforms that offer financing for luxuries, you provide an essential service in life: housing."
Through our conversations with customers, we have also seen that tenants who used the service reported high levels of satisfaction and stability, were able to set aside more savings for difficult times, and achieved a better balance between their spending and income.
You move in now and pay your rent in monthly installments, while Rize pays the landlord the full annual rent.
Yes, Rize is licensed by the Real Estate General Authority (REGA).
It depends on your credit profile and the landlord's rent payment schedule, and you'll receive a clear offer before you commit to anything.
