Saudi Arabia Opens Property Ownership to Foreigners in 2026: New Law & Digital Process

Saudi Arabia Officially Opens Property Ownership to Foreigners Under New 2026 Rules

In a historic policy shift, Saudi Arabia has officially opened its real estate market to foreign ownership, with new regulations taking effect on January 22, 2026. This transformative move, a key pillar of Saudi Vision 2030, allows individuals, companies, and entities worldwide to own property across much of the Kingdom, dramatically expanding investment opportunities and economic diversification.

What the New Law Allows

The Real Estate Ownership System for Non-Saudi Nationals, overseen by the Real Estate General Authority (REGA), permits foreign ownership of:

• Residential properties (homes, apartments)

• Commercial real estate (offices, retail spaces)

• Industrial and agricultural land

Key Restrictions: Ownership in the holy cities of Makkah and Madinah remains highly restricted, generally limited to Saudi companies and Muslim individuals. A detailed Geographic Zones Document, expected in early 2026, will outline all permitted areas.

How to Apply: A Fully Digital Process

All applications must be submitted through the official "Saudi Properties" digital portal. The process varies by applicant type:

1. Foreign Residents in Saudi Arabia:

   • Apply directly using your Iqama (residency ID). The portal verifies eligibility automatically.

2. Non-Residents Living Abroad:

   • First, obtain a digital ID number from a Saudi embassy or consulate in your home country.

   • Then, complete the application online via the Saudi Properties portal.

3. Foreign Companies/Entities:

   • First, register with the Ministry of Investment (via Invest Saudi) to receive a Unified Number (700).

   • Then, proceed with the property ownership application on the portal.

This streamlined digital system replaces complex, paper-based approvals, ensuring transparency and efficiency.

Strategic Impact: Boosting Vision 2030 Goals

This landmark reform is designed to:

• Attract foreign direct investment (FDI) into the real estate sector.

• Stimulate development across residential, commercial, and tourism projects.

• Enhance economic diversification and increase the non-oil GDP.

• Create job opportunities for Saudi nationals and elevate the quality of the Kingdom's real estate offerings.

Also Read: Ford Launches New Connected Car App in Saudi Arabia with Remote Control Features

What Applicants Should Do Next

Prospective buyers and investors should:

• Verify their eligibility pathway based on residency or entity status.

• Use only the official Saudi Properties portal for applications.

• Await the Geographic Zones Document for precise location guidelines.

• Consult with local legal/real estate experts for complex transactions, especially commercial investments.

By opening its property market, Saudi Arabia positions itself as a premier global investment destination. This move not only unlocks new capital but also signals the Kingdom's commitment to becoming a dynamic, open, and competitive economy. Interested parties are encouraged to visit the Saudi Properties portal or contact REGA for official guidance.