Looking for new avenues of investment? How about a tried and tested one?
The Kingdom of Saudi Arabia has been working tirelessly to bring Saudi Vision 2030 to life.
In a bid to move away from an oil-based economy, the nation has opened up international property ownership.
After announcing the regulations for expat ownership, the Real Estate General Authority (REGA) has now revealed how Saudi foreign property ownership rules apply.
For real estate ownership, applications are to be submitted to the dedicated digital portal, ‘Saudi Properties’.
The portal handles all requests for foreign property investment including those where the applicants do not reside in the Kingdom.
Saudi foreign property ownership
Saudi Arabia is shaking things up in the real estate world. The Kingdom is opening the door wider for global property players. The brand-new law has rolled out the welcome mat for international investors, making it easier to own real estate in select areas, while still keeping national interests in check.
Saudi foreign property ownership and ‘Saudi Properties’
REGA confirmed that the system allows non-Saudi individuals, companies, and entities to own real estate across various regions of the Kingdom. Ownership is regulated in Riyadh, Jeddah, Makkah, and Madinah under a clear framework based on the geographical zones document, set to be announced in Q1 2026. Property ownership in Makkah and Madinah is restricted to Saudi companies and Muslim individuals, whether residing inside or outside the Kingdom. ‘Saudi Properties’ is the only official and accredited digital platform for non-Saudi nationals to purchase property in the Kingdom.
Non-Saudi individuals
Residents in Saudi Arabia can apply directly through the portal using their Iqama number, with automated eligibility checks and fully electronic procedures. Non-residents looking to benefit from the Saudi foreign property ownership law change must begin the process through Saudi embassies or representations abroad to obtain a digital identity, enabling them to complete the application via the portal.
Non-Saudi companies
Companies and entities with no presence in the Kingdom must first register with the Ministry of Investment via the Invest Saudi platform. Applicants must obtain a Unified Number (700) before completing property ownership procedures electronically.
Saudi foreign property ownership eligibility
The following people qualify for foreign property ownership in Saudi,
- Foreign individuals
- Foreign companies
- Saudi companies with foreign shareholders
- Non-profit entities
- Diplomatic missions
Changes in Saudi
Alongside this is the Saudi Arabia’s new directives to lower real estate prices. And for those needing quick access to cash, the Kingdom’s flexible salary initiative offers a convenient mini-payday option.
