Saudi Arabia Opens Property Market to Foreign Investors

Saudi Arabia has officially allowed foreign nationals to purchase property within the Kingdom, marking one of the most significant changes in its real estate and investment regulations in recent years. The decision opens the doors for global investors to participate in the country’s rapidly expanding property sector.

The Real Estate General Authority (REGA) confirmed that the newly approved framework enables both foreign and local individuals as well as companies to acquire residential, commercial, and agricultural land. The reform falls under the broader umbrella of the Kingdom’s Vision 2030 initiative, aimed at modernising the economy and attracting diversified investment.

According to REGA, the updated legislation is designed to stimulate real estate activity, enhance construction standards, create employment opportunities, and align Saudi urban planning with globally recognised practices.

Under the new policy, foreign investors will be permitted to buy property in designated areas approved by the Saudi Cabinet. REGA stated that specific guidelines, zoning regulations, and investment terms for these approved zones will be disclosed soon. The authority emphasised that urban development, economic stability, and long-term sustainability remain top priorities as the regulatory framework is finalised.