Saudi Arabia to Allow Foreigners to Own Property from January 2026
Starting in January 2026, Saudi Arabia will begin allowing foreigners to own property in certain areas of the country, thanks to a new law approved by the Saudi Cabinet. This decision is part of the Kingdom’s larger plan to open up its economy, attract more international investment, and support the growth of its real estate market.
According to government officials, foreigners will be allowed to buy property in specific zones, especially in major cities like Riyadh and Jeddah. However, the holy cities of Mecca and Medina will be treated differently, with special rules in place to respect their religious importance and cultural sensitivity.
The new law comes with several safeguards designed to protect Saudi national interests. Authorities want to make sure that while opening the market to international buyers, the local population and traditions are respected.
Officials believe that this move will bring many benefits to the country. It is expected to attract foreign direct investment (FDI), encourage new real estate projects, and help meet the growing demand for housing in urban areas. By allowing foreigners to invest in property, the government hopes to boost economic activity and create new job opportunities for Saudi citizens.
This reform is one of many steps Saudi Arabia is taking as part of its Vision 2030 strategy, which aims to diversify the economy beyond oil and promote sectors like tourism, construction, and services. With this change, the country is signaling its willingness to work with international investors and make Saudi Arabia a more attractive place for business and long-term investment.
