Islamabad, July 10, 2025: In a historic move, Saudi Arabia will allow foreigners to own property starting January 2026. This policy shift is part of the Kingdom’s Vision 2030 strategy to open its economy and attract global investment.
Who Can Own Property in Saudi Arabia?
Foreign ownership will be permitted for:
- Expats living in Saudi Arabia
- International investors and foreign companies
Saudi citizenship will not be required. However, buyers can only invest in pre-approved zones, with details expected soon.
Where Will Foreigners Be Allowed to Buy?
Initial locations include:
- Riyadh
- Jeddah
- Other designated development zones
Makkah and Madinah will remain under special restrictions due to their religious significance.
When Will the Law Be Enforced?
The new law becomes effective in January 2026. Within the next 180 days, the government will:
- Release a list of approved zones
- Publish full ownership guidelines
- Invite public feedback via the “Istitaa” consultation platform
Why This Move Matters
This change supports key Vision 2030 goals:
- Reducing reliance on oil
- Increasing foreign direct investment
- Boosting urban development in cities like NEOM, Riyadh, and Jeddah
Officials also aim to protect local interests while ensuring safe investment for foreigners.
Industries Set to Grow
This new property law is expected to spark growth in:
- Real estate
- Construction
- Mortgage and banking
- Cement and infrastructure
Following the announcement, Saudi real estate stocks rose, with some gaining over 5% on the Tadawul Exchange.
What Should Expats and Investors Do?
- Track updates on the “Istitaa” platform
- Avoid early speculation until full rules are released
- Watch for new projects as developers target approved zones
Read More: Govt Offers Tax Relief on Low-Cost Housing Loans
A Regional Game-Changer
Saudi Arabia follows the path of Dubai, Abu Dhabi, and Doha, all of which experienced massive growth after easing foreign ownership laws. If successful, this could turn Riyadh and Jeddah into the next Gulf investment hotspots.
Read More: Pakistanis With UAE Golden Visas Face Property Crackdown
For expats and global buyers, 2026 could mark the beginning of long-term residence and real estate investment in Saudi Arabia.
