Saudi Arabia Opens Real Estate Market to Foreign Buyers in 2026
Saudi Arabia will allow foreign nationals and companies to purchase real estate starting January 2026, aligning with the Vision 2030 goals to attract international investment and diversify the economy.
Real EstateForeign InvestmentSaudi ArabiaVision 2030Property OwnershipReal EstateJul 11, 2025
Who Can Buy?
Foreign individuals and companies will be allowed to purchase property without the need for Saudi citizenship. However, these purchases must be made in designated zones, details of which will be confirmed before the law takes effect. Early reports confirm Riyadh and Jeddah as eligible locations, while other areas will be announced later.
Mecca and Madinah: Special Restrictions
Due to their religious significance, Mecca and Madinah will have special ownership conditions. While not entirely closed off to foreign buyers, the government is expected to impose strict permissions for property purchases in these holy cities.
When Does It Begin?
The law becomes active in January 2026, with a detailed rulebook and zone map expected to be released within the next 180 days. All relevant updates and public consultations will be available on the government’s platform, “Istitlaa.”
Why This Matters: Vision 2030 Goals
The law supports Saudi Arabia’s Vision 2030, aiming to attract international real estate investment, increase housing and commercial supply, and support urban development projects across the country—including NEOM, Riyadh, and Jeddah. Officials say the law includes safeguards to ensure that local citizens’ rights and interests are protected while enabling growth in real estate and related sectors.
Industries That Will Benefit
This move is likely to benefit:
- Real estate developers and housing projects
- Construction and infrastructure firms
- Banking and mortgage providers
- Cement and building material suppliers
Following the announcement, real estate stocks on Saudi Arabia’s Tadawul exchange rose by more than 5 percent, signaling strong market confidence.
What Should Expats Do Now?
- Track updates on the Istitlaa platform
- Wait for the final list of zones and rules
- Connect with developers for early opportunities
Saudi Arabia now joins the ranks of cities like Dubai, Abu Dhabi, and Doha, where foreign property ownership has transformed local economies. For expats, this could be the next big opportunity in Middle Eastern real estate.
Frequently Asked Questions
Who can buy property in Saudi Arabia starting January 2026?
Foreign individuals and companies can buy property in Saudi Arabia starting January 2026, without the need for Saudi citizenship, but purchases must be made in designated zones.
Are there any special restrictions for property ownership in Mecca and Madinah?
Yes, due to their religious significance, Mecca and Madinah will have special ownership conditions, and strict permissions will be imposed for property purchases in these holy cities.
When will the detailed rulebook and zone map be released?
The detailed rulebook and zone map will be released within the next 180 days before the law takes effect in January 2026.
How will this new law benefit the Saudi economy?
The new law supports Saudi Arabia’s Vision 2030 by attracting international real estate investment, increasing housing and commercial supply, and supporting urban development projects across the country.
What should expats do to prepare for buying property in Saudi Arabia?
Expats should track updates on the Istitlaa platform, wait for the final list of zones and rules, and connect with developers for early opportunities.
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