In a landmark decision aligned with its Vision 2030 goals, Saudi Arabia will allow foreign nationals—including expatriates and international companies—to buy real estate starting January 2026. The move marks a significant shift in the Kingdom’s investment policies as it aims to diversify the economy and reduce reliance on oil.
Who Can Buy?
Foreign individuals and companies will be allowed to purchase property without the need for Saudi citizenship. However, these purchases must be made in designated zones, details of which will be confirmed before the law takes effect. Early reports confirm Riyadh and Jeddah as eligible locations, while other areas will be announced later.
Mecca and Madinah: Special Restrictions
Due to their religious significance, Mecca and Madinah will have special ownership conditions. While not entirely closed off to foreign buyers, the government is expected to impose strict permissions for property purchases in these holy cities.
When Does It Begin?
The law becomes active in January 2026, with a detailed rulebook and zone map expected to be released within the next 180 days. All relevant updates and public consultations will be available on the government’s platform, “Istitlaa.”
Why This Matters: Vision 2030 Goals
The law supports Saudi Arabia’s Vision 2030, aiming to attract international real estate investment, increase housing and commercial supply, and support urban development projects across the country—including NEOM, Riyadh, and Jeddah.
Officials say the law includes safeguards to ensure that local citizens’ rights and interests are protected while enabling growth in real estate and related sectors.
Industries That Will Benefit
This move is likely to benefit:
- Real estate developers and housing projects
- Construction and infrastructure firms
- Banking and mortgage providers
- Cement and building material suppliers
Following the announcement, real estate stocks on Saudi Arabia’s Tadawul exchange rose by more than 5 percent, signalling strong market confidence.
What Should Expats Do Now?
- Track updates on the Istitlaa platform
- Wait for the final list of zones and rules
- Connect with developers for early opportunities
Saudi Arabia now joins the ranks of cities like Dubai, Abu Dhabi, and Doha, where foreign property ownership has transformed local economies. For expats, this could be the next big opportunity in Middle Eastern real estate.
