Foreigners' Property Rights in Mecca and Medina
Starting January 2026, Saudi Arabia will implement a system allowing foreigners to own real estate, aimed at attracting foreign investments into major real estate projects and revitalizing its investment landscape. Ownership will be limited to specific areas within cities, such as Mecca and Medina, and will require compliance with certain legal and administrative conditions to complete property transactions. Special emphasis is placed on major developmental projects in Mecca and Medina, such as the Jabal Omar and Maseir projects, as well as projects developing the areas surrounding the Prophet's Mosque. This move is expected to increase demand for real estate, particularly in the holy regions, with projected gradual price increases and a boost in Saudi Arabia's real estate market appeal to international investors.
Notice: This Is an AI-Generated Summary
Comments (0)