Saudi Arabia Enforces New Property Ownership Rules for Foreigners

RIYADH: Saudi Arabia has officially enforced new regulations governing real estate ownership by non-Saudis, with all applications now required to be processed through the Saudi Properties digital portal. According to the Saudi Real Estate General Authority, the system applies to residents, non-residents, and foreign companies under defined eligibility and approval mechanisms. Residents with valid iqama can apply directly online, while non-residents must initiate applications through Saudi embassies before continuing digitally. Foreign companies without a physical presence must first register via the Invest Saudi portal and obtain a Unified Number. Ownership will be permitted across multiple regions, though Riyadh, Jeddah, and the holy cities of Mecca and Medina will be subject to separate zoning regulations, expected to be announced in early 2026. Authorities said the move aims to improve transparency, protect property rights, and attract high-quality international investment.