Saudi Arabia has officially updated its property ownership laws, allowing foreigners to purchase and invest in real estate across the Kingdom — including Makkah and Madinah. The Real Estate General Authority (REGA) stated that the new framework aims to stimulate the property market, improve project quality, generate employment for citizens, and enhance urban development in line with Vision 2030. The law permits foreign individuals and companies to buy residential, commercial, and agricultural land in areas designated by the Council of Ministers. The updated regulations follow international standards to ensure a secure and balanced investment environment. With major mega-projects like NEOM, Qiddiya, and Red Sea Global already drawing global interest, the reform marks a historic opening of Saudi Arabia’s real estate sector to international investors.
