Non-Saudi property ownership law marks a new milestone in its real estate sector with the recent approval of a groundbreaking law allowing foreign investors to own property within the Kingdom. This move approved by the Saudi Cabinet, chaired by Crown Prince and Prime Minister Mohammed bin Salman reflects the country’s ongoing economic reforms under Vision 2030, which aim to diversify income sources and boost foreign direct investment.
We’ll explore the main features of the real estate law Saudi Arabia for non-Saudi and clarify its key regulations, and offer practical guidance for foreign investors seeking opportunities in Saudi Arabia.
المحتويات
Saudi Cabinet Approves Non-Saudi Property Ownership Law
- As part of a broader strategy to stimulate economic growth while preserving social and market stability, the Saudi Cabinet, chaired by Crown Prince and Prime Minister Mohammed bin Salman, has approved a non-Saudi property ownership law.
- This decision was made during the Cabinet’s weekly session held on July 8. The law represents a significant shift, aiming to attract foreign investments and diversify the country’s sources of income.
- The non-Saudi property ownership law is scheduled to take effect in January 2026, marking an important step toward opening Saudi Arabia’s real estate market to international investors while ensuring that strict regulations remain in place to balance investment opportunities with protecting local community interests.
Read also: Your Complete Guide to Law of Real Property Registration
What are the key features of Non-Saudi Property Ownership Law?
- Acting Minister of Media, Dr. Essam bin Saeed, stated in a press release to the Saudi Press Agency (SPA) that the new property ownership law for non-Saudis is part of a broader strategy aimed at stimulating economic growth while maintaining both social and market stability.
- Meanwhile, Minister of Municipal and Rural Affairs and Housing, and Chairman of the Real Estate General Authority, Majed Al-Hogail, praised the Cabinet’s approval of the new law. He emphasized that this move is an extension of the Kingdom’s ongoing reforms in the real estate sector and is intended to attract more foreign direct investment.
- Al-Hogail explained, “This law will help expand the real estate supply by drawing international investors and developers, while ensuring market stability through well-regulated procedures and specific geographic restrictions.”
- He also clarified that the permit for non Saudi to own property covers designated areas such as Riyadh and Jeddah. However, property ownership in Makkah and Madinah will be subject to special conditions.
- The law also grants the Real Estate General Authority the authority to designate the geographic areas where property ownership will be permitted. Additionally, the authority is tasked with proposing the executive regulations, which are expected to be published within 180 days on the “Istitlaa”, designated for receiving feedback and suggestions from individuals and relevant entities.
Important Notes for Non-Saudi Real Estate Investors
- It is advisable to wait for the release of the executive regulations, which will clarify specific procedures, requirements, and safeguards.
- Consulting a legal expert specializing in Saudi real estate investment is essential to ensure the validity and safety of all contractual agreements.
- Pay close attention to ownership conditions related to properties in sensitive religious or socially significant areas to avoid any legal violations.
Check out: Conditions to Buy Property in Saudi Arabia for Foreigners
Why Foreign Investors Trust Etqan Law Firm for Saudi Real Estate Transactions?
The law of real estate ownership and investment by non Saudis is no longer just about buying and selling property, it has become a strategic decision that requires deep knowledge of evolving laws and regulations. This is where Etqan Law Firm plays a vital role:
- We offer foreign investors specialized legal expertise that empowers them to make well-informed, secure decisions.
- At Etqan, we don’t just provide legal consultations on the new property ownership law; we also meticulously review contracts to ensure full protection of our clients’ rights.
- We represent clients in all official procedures to obtain the necessary permits and approvals.
- Most importantly, we continuously monitor every regulatory update and new executive regulation, ensuring that our clients remain fully informed about all legal aspects of their investments.
- We are more than legal representatives, we are trusted legal partners, guiding our clients with confidence every step of the way.
Conclusion
As the executive regulations for non-Saudi property ownership law are expected to be released soon, it is crucial for foreign investors to stay informed and approach their investments with caution and legal precision.
At Etqan Law Firm, we stand ready to provide full legal support to foreign investors interested in exploring opportunities within the Saudi real estate sector.
The Etqan Al Mutamayza Law Firm is ready to provide the essential support you need. You can reach their team at the following mobile numbers: +966550600204, +966551020060.
Learn about: Best 7 Advantages of Foreign Investment in Saudi Arabia
Additionally, feel free to visit our branches located at:
- Jeddah: Al-Aziziyah District, Mohammed bin Abdulaziz Street (Tahlia)
- Riyadh: King Abdulaziz Street, across from the Kingdom Tower
- Dammam: Al-Ashri’a Street, Al-Badeea, Dammam 32415.