According to the official Real Estate General Authority (REGA), the Kingdom updated property ownership law comes as the KSA pushes ahead with a broad economic transformation, marked by rapid development and expanding investment prospects across multiple sectors.
Saudi Arabia said it’s progressing as planned with reforms that will allow foreigners to own a wide range of real estate — including in the holy cities — starting in January https://t.co/K3yof0GJxl
— Bloomberg (@business) November 21, 2025
Officials say the legislation is designed to stimulate the real estate market, diversify and raise the quality of projects, create jobs for citizens, and enhance urban and architectural standards. The move also aligns with global practices on foreign ownership and supports Vision 2030’s goal of building a secure and balanced investment environment.
An artist image of proposed NEOM project. PHOTO: NEOM WEBSITE
Under the new framework, Saudi Arabia is opening property ownership to individuals and companies across various regions, subject to regulations that account for urban planning and economic stability. Investors will be able to access opportunities in major developments, special economic zones, and designated residential and commercial land, all within areas approved by the Council of Ministers.
Saudi Arabia to allow foreign buyers to purchase homes, land and farms from January, with Mecca and Madinah restricted to Muslims. pic.twitter.com/z8RaVZMX7l
— Globe Eye News (@GlobeEyeNews) November 21, 2025
Saudi Arabia is working on significant urban transformation by many construction projects like NEOM, Qiddiya and Red Sea Global initiatives.
The Rega website posted the features of new laws but the details of geographical zones, regulations and other details to be included soon.