Expats Can Own Property in Saudi Arabia by 2026
- Publish date: Wednesday، 09 July 2025 Reading time: 1 min read
New law lets foreigners own property in Riyadh, Jeddah zones.
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Big news for investors and future homeowners! Saudi Arabia just approved a law allowing foreigners to own property in selected areas starting January 2026. This is part of the Kingdom’s push to attract more international investments and boost the real estate sector.
Where Can Expats Buy?
Foreign property ownership will be allowed in designated zones, including major cities like Riyadh and Jeddah. As for Mecca and Medina, special rules will apply—details on those are coming soon.
The Real Estate General Authority (REGA) will map out which areas are open for foreign ownership. Executive regulations will be shared for public feedback in the next few months.
A Move to Boost Investment
The new law is designed to:
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Attract foreign direct investment (FDI)
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Increase housing supply
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Balance the real estate market to protect local interests
It also aligns with Saudi’s bigger goals under Vision 2030, which aims to diversify the economy beyond oil.
Real Estate Boom Already Underway
Saudi Arabia’s real estate market has been heating up:
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Real estate’s share of the GDP doubled from 5.9% in 2023 to 12% in 2024
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Housing prices and rents are rising, especially in Riyadh and Jeddah
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New residential and office developments are in high demand
The country is already seeing strong foreign interest, particularly in publicly listed property companies and development projects tied to the Hajj and Umrah seasons.
What’s Next?
The law takes effect January 2026, but the real estate scene is already buzzing. Watch for REGA’s announcement on where expats can buy and the exact rules to follow.