Saudi Arabia Makes Historic Decision to Allow Foreigners to Buy Property for First Time in 2026
- Sara Habib
- July 14, 2025
- 9:42 am
- 46
- Current Affairs
Starting in January 2026, Saudi Arabia will allow foreign property ownership in selected areas. This major reform supports Vision 2030. It also aims to attract global investors and expand the country’s real estate sector.
Why This Move Matters
This change is part of Saudi Arabia’s broader plan to grow beyond oil. The country is opening its doors to new business and investment. This law is designed to support economic growth and bring in more foreign direct investment (FDI).
Where Can Foreigners Buy Property?
Foreigners can purchase property in key zones. These include major cities like Riyadh, Jeddah, and some other urban regions. However, Mecca and Medina will have special rules. These areas hold deep religious value, so their access will be limited.
Balancing Growth and Tradition
The new law includes rules to protect Saudi culture and people. While foreign ownership is welcome, the aim is to keep traditions safe. Officials have stressed that national interests will always come first.
Benefits for the Economy
This reform is expected to:
Increase real estate investment
Create jobs for locals
Improve urban housing options
Encourage construction of modern buildings
Saudi citizens will benefit from a more active housing market. Builders and developers will also have more chances to grow.
Vision 2030 in Action
This is one of many steps taken under Vision 2030. The plan focuses on tourism, technology, construction, and services. By allowing foreign ownership, Saudi Arabia is sending a strong message: the Kingdom is open for business.
What This Means for Investors
The new law is a sign of progress. It opens new doors for long-term investment. Investors now see Saudi Arabia as a place with great potential.
