In a major policy change linked to its Vision 2030 goals, Saudi Arabia will allow foreigners—including expatriates and international companies—to buy real estate starting from January 2026.
This is a big shift in the Kingdom’s investment rules as it looks to grow its economy beyond oil.
Who Can Buy Property?
Foreign individuals and companies will be able to purchase property without needing Saudi citizenship.
However, buying will only be allowed in specific zones, which the government will confirm before the law begins. Early reports say Riyadh and Jeddah will be included, while other areas will be announced later.
Mecca and Madinah: Special Rules
Because of their religious importance, Mecca and Madinah will have special ownership conditions.
These cities won’t be completely closed to foreign buyers, but strict permissions will apply for buying property there.
When Will It Start?
The law will take effect in January 2026. A complete guide with the full list of zones and rules will be released within the next 180 days. All updates will be shared on the government’s platform, called “Istitlaa.”
Why It’s Important: Vision 2030
This step supports Saudi Arabia’s Vision 2030, aimed at attracting global real estate investment, boosting housing and commercial space, and promoting urban growth across the country. Key projects like NEOM, Riyadh, and Jeddah are part of this plan.
Officials have said there will be safeguards in place to protect local citizens’ rights while encouraging real estate growth and supporting related industries.
Industries That Will Gain
The new law is expected to benefit:
Real estate developers and housing projects
Construction and infrastructure companies
Banks and mortgage lenders
Cement and building material suppliers
After the announcement, real estate stocks on Saudi Arabia’s Tadawul exchange rose by more than 5%, showing strong market confidence.
What Should Expats Do Now?
Follow updates on the Istitlaa platform
Wait for the final list of allowed zones and rules
Connect with property developers for early options
Saudi Arabia now joins cities like Dubai, Abu Dhabi, and Doha, where foreign property ownership has helped grow local economies. For expats, this could become a major new opportunity in Middle Eastern real estate.
