Saudi Arabia allows foreign property ownership nationwide
New system enables residents, non-residents and companies to buy real estate under regulated digital framework
RIYADH, Saudi Arabia (MNTV) – Saudi Arabia has formally implemented a new regulatory system allowing foreign individuals and entities to own real estate, marking a significant shift in the Kingdom’s property market, authorities said.
The Real Estate General Authority confirmed that the regulations governing non-Saudi property ownership have entered into force, with applications now accepted through the official Saudi Arabia Real Estate digital platform as part of the national real estate framework.
Under the system, foreign residents may submit ownership requests directly online using their residence permits, with legal compliance verified automatically and transactions completed electronically.
Non-residents are required to begin the process through Saudi embassies or consulates abroad to obtain a digital identification number before finalizing applications through the platform.
Foreign companies and entities without an existing presence in Saudi Arabia must first register with the Ministry of Investment via the Invest Saudi portal and secure a unified registration number before proceeding with ownership procedures.
Authorities said the framework permits foreign ownership across most regions of the Kingdom, including major urban centers such as Riyadh and Jeddah. However, ownership in the holy cities of Makkah and Madinah remains restricted to Saudi companies and Muslim individuals, in line with existing regulations.
Officials noted that a detailed Geographic Zones document outlining ownership parameters is expected to be released in the first quarter of 2026.
The authority said the digital portal is integrated with the national real estate registry, aiming to enhance transparency, ensure regulatory compliance, and protect property rights.
The initiative is expected to attract international developers and specialized firms, support growth across residential, commercial, industrial and tourism sectors, and increase the real estate sector’s contribution to Saudi Arabia’s non-oil gross domestic product.
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