Saudi Arabia Allows Foreigners to Own Property – What to Know and When It Starts
Saudi Arabia has approved a new law that will let foreigners own property in the country starting in January 2026, according to the Saudi Press Agency (SPA). This is part of the country’s plan to grow its economy and attract more foreign investment.
Where Foreigners Can Own Property
Foreigners will be allowed to buy property in certain cities like Riyadh and Jeddah. However, there will be stricter rules for Makkah and Madinah. The Saudi Real Estate General Authority will decide which areas foreigners can buy in and will publish the detailed rules for public feedback within six months.
What the Law Covers
The new rules will explain how foreigners can buy property and what conditions they need to meet. The goal is to boost the real estate market in a way that supports long-term growth and benefits both investors and Saudi citizens.
The law was announced by Majid bin Abdullah Al-Hogail, the Minister of Municipal, Rural Affairs and Housing. He said this change is part of Saudi Arabia’s broader efforts to develop the property sector and bring in more foreign investors and developers.
Part of Vision 2030
This law supports Saudi Arabia’s Vision 2030, a national plan to reduce the country’s dependence on oil. It also matches with existing rules that let Gulf Cooperation Council (GCC) citizens own property in member countries and allows non-Saudis to own certain real estate rights.
Key Fact
Saudi Arabia attracted $5.9 billion in foreign direct investment in the first quarter of 2025 — a 44% increase from the same time last year.
Published: 10th July 2025
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