Saudi Arabia to End Foreign Property Ownership Ban

Saudi Arabia will open its real estate market to foreign ownership beginning January 2026, ending a long-standing restriction and signalling a shift in the country’s approach to international investment.

The move is part of the Kingdom’s Vision 2030 plan, aimed at diversifying the economy and reducing reliance on oil revenues.

Under the new law, non-Saudi nationals will be allowed to buy property in designated areas, including Riyadh and Jeddah. Mecca and Medina, due to their religious importance, will remain under separate regulatory frameworks.

The Real Estate General Authority is expected to release detailed executive regulations within six months, covering eligibility, application procedures, and compliance oversight.

A Broader Market Approach

Currently, the only route for foreign property ownership is through the Premium Residency program, which requires a minimum investment of SAR 4 million (approx. USD 1 million).

The upcoming changes are expected to ease this barrier and open up the market to a wider range of buyers.

Industry experts say this change could lead to new residency options linked to real estate and make the market more accessible for non-resident buyers.