Saudi Arabia has taken a significant step towards opening its doors to the global real estate market. The country has approved a new law allowing non-Saudis to own property in specific areas.
From January 2026, non-Saudis will be able to own property in key areas like Riyadh and Jeddah. However, zones in Mecca and Medina have special conditions, reflective of their cultural significance. The law complements other real estate rules, like those for premium residency or property ownership for GCC nationals.
The decision aims to invite more foreign investment and optimise the real estate sector’s potential in the market.
The Ministry’s objective is to streamline processes and boost the effectiveness of rules governing property ownership for non-Saudis. This includes cities like Mecca and Medina, which are undergoing targeted development efforts.
Majid Al-Hogail, the Minister of Municipal, Rural Affairs and Housing, spoke on behalf of REGA, the Real Estate General Authority. He highlighted the law’s focus on enhancing citizen as well as foreign investor interests. By defining zones for non-Saudi ownership and rules to maintain market balance, the law hopes to focus on fair practices.
