SynopsisSaudi Arabia has unveiled a new digital platform, "Saudi Properties," simplifying foreign property ownership. This initiative, aligned with the Foreign Real Estate Ownership Law, allows international investors, residents, and companies to apply online for property in designated areas. While Makkah and Madinah maintain stricter rules, the portal aims to boost transparency and investor experience across the Kingdom's real estate sector.AgenciesSaudi ArabiaSaudi Arabia has launched a new digital platform that allows foreign investors, residents and companies to apply for property ownership in the Kingdom, marking a key step in opening up its real estate sector to international participation. The move is part of the implementation of the Foreign Real Estate Ownership Law, which came into effect in January 2026.Under the new framework, foreign investors, companies and entities are permitted to own property in designated areas across the Kingdom, subject to regulatory approval and geographic restrictions. The system is structured to widen participation while maintaining oversight of ownership patterns in strategic locations.How the application process worksThe entire process has been digitised through the “Saudi Properties” portal. Foreign residents in Saudi Arabia can apply directly using their residency number, with eligibility checks and approvals handled online.Also Read: What should Dubai residents know about new ‘flexi rent’ plan that will allow tenants to pay monthlyApplicants based outside the Kingdom must first obtain a Saudi digital identity through Saudi missions abroad before submitting their applications. Foreign companies without a presence in Saudi Arabia are required to register with the Ministry of Investment via the Invest Saudi platform and obtain a national unified number before proceeding with ownership applications.Special rules for Makkah and MadinahProperty ownership rules remain more restrictive in Makkah and Madinah. In these two holy cities, ownership is limited to Saudi companies and Muslim individuals, including those from both inside and outside the Kingdom, in line with existing regulatory frameworks.Also Read: Saudi Arabia issues new property ownership rules for foreign companiesThe Real Estate General Authority (REGA) said the portal is intended to streamline procedures, improve transparency and strengthen regulatory oversight in the real estate sector. It also aims to enhance investor experience, support structured urban development and serve as the official channel for all foreign property ownership applications in Saudi Arabia. (Join our ETNRI WhatsApp channel for all the latest updates)...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now