Saudi Arabia will open the real estate market to foreigners starting in 2026

Starting in 2026, foreign citizens will be able to officially purchase real estate in Saudi Arabia. The new rules, approved by the Government of the Kingdom, are aimed at stimulating economic growth, developing the construction sector and attracting foreign investors.

What's changing

The Saudi government has approved a law allowing foreigners to own real estate in the country. The exceptions are the holy cities of Mecca and Medina, where special conditions and restrictions will apply.

The full list of areas allowed for ownership will be determined by the General Directorate of Real Estate, as well as provide technical explanations through the digital platform Istitlaa within 180 days after the publication of the law.

🏙 Which cities will be opened for purchase

The largest megacities such as Riyadh, Jeddah and the cities of the Eastern Province will be opened to foreign investors. This will increase interest in residential and commercial real estate, as well as strengthen international competition among developers.

🧩 Rules and safety

The new order will be regulated taking into account the interests of the local population. The government intends to ensure a balance between attracting capital and controlling the availability of housing for citizens. The provisions of the Premium Residency program and agreements with other Gulf countries will also be taken into account.

📣 Expert opinions

• Hamad Al-Shuwaier, chairman of the National Real Estate Valuation Committee, believes that the innovation "will expand the market, improve the quality of facilities and promote a balance between supply and demand."
• Badr Al-Sulaimani, a marketing specialist, stressed the importance of the country's geographical potential — today less than 1% of its territory is built up. The new law, in his opinion, will help prepare for large-scale international events: Expo 2030 and the 2034 World Cup.
• Fawadz Assiri, a real estate consultant, noted that the influx of foreign capital will improve access to housing, expand supply and create a more competitive market.

This step is part of a global transformation within the framework of the Vision 2030 initiative, aimed at reducing dependence on oil revenues. Opening up the real estate market to foreigners is a strategic step towards modernizing, diversifying the economy and creating an attractive investment environment.