Foreigners will be able to buy property in Saudi Arabia from January 2026, marking a major shift in the Kingdom’s economic strategy.
Saudi Arabia will allow foreigners — including expats and international investors — to own property in the Kingdom starting January 2026, under a new law aligned with its Vision 2030 agenda.
The law, announced this week, permits foreign individuals and companies to purchase real estate in approved zones across cities like Riyadh and Jeddah. Makkah and Madinah will remain restricted due to religious significance, with special conditions likely required for ownership there.
“This is part of Saudi Arabia’s strategy to diversify its economy and attract global investors,” officials said. A detailed list of eligible locations and regulations will be published on the “Istitaa” consultation platform within 180 days for public review.
Sectors expected to benefit include real estate, construction, banking, and infrastructure. Real estate stocks in Saudi Arabia surged following the announcement, with some shares gaining over 5% on the Tadawul exchange.
The move mirrors successful models in Dubai and Doha, positioning Saudi Arabia as a rising hub for foreign property investment in the region.