Saudi Arabia is set to permit foreign ownership of real estate under a new law scheduled to come into effect in 2026, marking a major shift in the Kingdom’s property and investment landscape. The move aligns with Saudi Arabia’s broader Vision 2030 strategy aimed at attracting global capital, diversifying the economy, and strengthening non-oil sectors.
Under the proposed framework, foreign individuals and entities will be allowed to purchase property in designated areas, subject to regulatory guidelines and approval mechanisms. Officials say the reform is designed to boost transparency, enhance investor confidence, and position Saudi Arabia as a competitive destination for international real estate investment.
Industry experts believe the policy will significantly benefit residential, commercial, and mixed-use developments, particularly in high-growth cities such as Riyadh, Jeddah, and emerging economic zones. The law is also expected to support mega projects and tourism-driven developments by expanding the investor base beyond domestic buyers.
The reform comes as Saudi Arabia continues to invest heavily in urban infrastructure, smart cities, and large-scale developments, creating strong long-term demand for real estate assets. Analysts note that allowing foreign ownership could improve market liquidity, raise development standards, and accelerate sector maturity.
With the 2026 law, Saudi Arabia is signaling its intent to integrate more deeply with global real estate markets and unlock new avenues for sustainable economic growth.
