New Saudi Law Sets Conditions for Foreigners to Own Real Estate

Saudi Arabia will enforce new property ownership rules for foreigners starting January 2026, according to the Real Estate General Authority (REGA). Under the law, only registered properties can be owned by non-Saudis, who must also disclose all ownership details. The policy introduces a 10% combined fee and tax on foreign property transactions, with violations carrying fines up to SR10 million. Eligibility extends to foreign individuals, companies, Saudi firms with foreign shareholders, non-profit entities, and diplomatic missions. REGA will soon issue maps outlining designated ownership zones in major cities like Riyadh, Jeddah, Makkah, and Madinah. The reform aims to attract foreign investment while maintaining regulatory control and aligns with Saudi Arabia’s broader Vision 2030 strategy to modernize and diversify the national economy.