What Expats Need to Know to Buy Property in Saudi Arabia?
If you’re an expat in Saudi Arabia or the UAE wondering about property ownership, the answer is now affirmative, but it will take effect in January 2026.
Saudi Arabia has enacted a new law allowing foreign individuals and companies, including expats, to buy real estate in designated areas.
This significant change is part of the Kingdom’s strategy to diversify its economy and attract global investors.
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Who Can Buy?
Both foreign individuals and companies will be eligible to purchase property without requiring Saudi citizenship. However, this will only be applicable in specific approved zones, which are still being finalized.
Where Can You Buy?
You will be able to purchase properties in:
- Riyadh
- Jeddah
- Other designated zones to be announced
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Notably, Makkah and Madinah will have special restrictions due to their cultural and religious significance. Detailed rules regarding purchases in these cities will be shared later.
When Does This Start?
The new law will officially come into effect in January 2026. Prior to this, the Saudi government will publish specific regulations and locations where foreign ownership is permitted.
This information will be made available on the Saudi consultation platform “Istitaa” within 180 days, allowing the public to review and comment before finalizing the rules.
Why Is Saudi Arabia Making This Move?
This initiative aligns with Vision 2030, aiming to reduce the country’s reliance on oil and create a more investor-friendly environment. The goals of the new law include:
- Attracting international property investors
- Increasing housing and commercial supply
- Supporting major development projects in cities like Riyadh, Jeddah, and NEOM
The government has also assured that measures will be in place to protect local citizens while facilitating foreign investments.
Which Sectors Will Benefit?
Allowing expats to buy property is expected to enhance:
- Real estate and housing demand
- Construction and development sectors
- Banks and mortgage providers
- Cement and infrastructure industries
Following the announcement, shares of Saudi real estate companies surged, with some climbing over 5% on the Tadawul stock exchange.
What Should Expats Do Now?
- Monitor the official rules and designated locations to be published later this year.
- Check the “Istitaa” platform for public feedback opportunities.
- Stay alert for property developers looking to establish projects in the approved areas.
Bottom Line
Saudi Arabia is adopting a model similar to Gulf cities like Dubai, Abu Dhabi, and Doha, which have successfully allowed expats to buy property in specific zones. This strategy has attracted billions in foreign investment.
If Saudi Arabia follows suit, it could spark a new wave of foreign investment, positioning cities like Riyadh and Jeddah as emerging hotspots for real estate. For expats and overseas investors, this could be a prime opportunity not only to reside in Saudi Arabia long-term but also to build wealth through property ownership in one of the region’s fastest-growing markets.
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