Foreigners' Property Rules in Saudi Arabia

The non-Saudi property ownership system in Saudi Arabia has been launched following the approval of the Council of Ministers and the adoption of the executive regulations. The initiative aims to attract foreign investments and stimulate the real estate market. The system allows residents, those authorized through a premium residency, foreign companies, and international developers to own properties in designated areas, with fees not exceeding 5% of the transaction value. This includes regions such as Riyadh, Jeddah, Mecca, and Medina. Applications are submitted electronically via the "Saudi Real Estate" portal, equipped with rapid review systems, all in support of the Kingdom's economic development goals.

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