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Saudi Arabia new property law opens real estate market to foreigners
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.
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middleeasteye.net
Saudi Arabia to allow foreign property ownership in Riyadh and Jeddah
Move comes as wealthy foreign buyers send neighbouring Dubai's real estate market to a level matching New York City and London combined
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arabnews.com
Saudi Arabia new property law opens real estate market to foreigners
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…