Saudi Arabia Allows Foreigners to Buy Property Starting January, Boosting Real Estate Market

Saudi Arabia has announced a significant reform to its property ownership laws, enabling non-Saudis to buy and invest in real estate across the Kingdom starting January. This landmark change opens up one of the Middle East’s fastest-growing property markets to both individual and corporate investors, supporting economic growth and the broader Vision 2030 reforms.

The Real Estate General Authority (REGA) confirmed that the updated framework is designed to stimulate the real estate sector, enhance project quality, generate employment for Saudi citizens, and raise urban and architectural standards. Under the new regulations, foreign investors will be allowed to purchase residential, commercial, and agricultural properties in designated zones, while property ownership in Mecca and Madinah will remain restricted to Muslims. The framework emphasizes urban planning, sustainable development, and economic stability, aligning with international best practices.

This reform coincides with Saudi Arabia’s ambitious mega projects, including NEOM, Qiddiya, and Red Sea Global, which are expected to attract substantial foreign investment. Experts view the policy as a historic step toward economic diversification, increased global integration, and the creation of a more investor-friendly property market.