MAKKAH: The Saudi Cabinet recently approved an updated system that will allow non-Saudis to own property in the Kingdom, effective from January 2026.
Minister of Municipal and Rural Affairs and Housing Majid bin Abdullah Al-Hogail praised the leadership’s support for the initiative, describing the updated framework as a natural progression of real estate reforms designed to stimulate sector growth and encourage foreign direct investment, which will increase property supply by drawing investors and development firms to Saudi markets, the Saudi Press Agency reported.
The new regulations balance foreign investment opportunities with citizen protections through controlled market mechanisms and compliance procedures aimed at maintaining real estate equilibrium. Property ownership will be permitted in specific geographical zones, particularly Riyadh and Jeddah, while special conditions apply to ownership in Makkah and Madinah.
The General Authority for Real Estate will identify which geographic areas are open to foreign ownership. Implementation guidelines will be published on the Istitlaa platform within 180 days of the law’s publication in the official gazette, with full system activation scheduled for January 2026.
