Specialists and investors in the real estate sector expressed their sincere gratitude and deep appreciation to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud )may God protect him( following the Cabinet’s approval of the Executive Regulations of the Law on Non-Saudi Ownership of Real Estate, along with the approval of the designated geographic zones where property ownership is permitted. This step reflects the continued leadership support for the real estate sector and the development of a more mature legislative and regulatory framework.
This approval comes as part of the Kingdom’s ongoing efforts to further develop the real estate ecosystem and create a more attractive and transparent investment environment, in line with the objectives of Saudi Vision 2030 and its ambition to strengthen the Kingdom’s position as a leading global investment destination.
The Executive Regulations govern the ownership of real estate by non-Saudis, whether individuals, companies, or non-profit entities, while allowing ownership within designated geographic zones in accordance with approved regulatory controls. The regulations also open opportunities for non-Saudis to own various types of real estate, including residential, commercial, and investment properties, subject to the approved conditions within the permitted areas.
In addition, the regulations define the procedures and controls related to real estate ownership and disposal, regulate the fees applicable to transactions involving non-Saudi ownership, and introduce a structured classification system for violations and penalties under the provisions of the law and its implementing regulations, thereby enhancing compliance and improving market efficiency.
The new framework is expected to significantly transform the real estate ownership experience for non-Saudis in the Kingdom, shifting it from a limited and highly regulated environment into a more structured, transparent, and opportunity-driven system. It enables foreign residents, investors, and companies to participate more actively in the Saudi real estate market, offering them clearer pathways to own property for residential living, commercial use, and long-term investment purposes within designated zones. This expansion is expected to open new opportunities in high-demand cities and emerging developments, while providing greater stability and confidence for long-term planning and investment decisions.
Observers believe that the implementation of these regulations will significantly enhance the attractiveness of the Saudi real estate market to international investors, improve levels of transparency and governance, and stimulate high-quality investments that support economic growth and the development of real estate projects across various regions of the Kingdom.
The approval of these Executive Regulations represents a key milestone in strengthening confidence in the real estate investment environment, providing a clear and comprehensive regulatory framework that keeps pace with sector developments and unlocks promising opportunities for both local and international investors.
