The Real Estate General Authority in Saudi Arabia confirmed that updating the property ownership system for non-Saudis will contribute to enhancing growth and investment diversity within the real estate sector.
The reform is expected to broaden the scope of investment projects and link them to urban development, while also supporting an increase in regulated real estate supply and stimulating the development of diverse products that meet varying market demands.
The authority noted that the new system aims to attract foreign investment by providing a clear regulatory environment that allows investors to enter and expand with confidence. It also encourages long-term planning and the development of sustainable investment models.
In addition, the framework is expected to introduce a variety of opportunities by facilitating the creation of competitive real estate products aligned with real demand and integrated with ongoing mega projects.
According to the authority, the system includes regulations designed to ensure property ownership remains consistent with urban planning and city capacity. Specific geographic zones have been identified within major cities such as Riyadh, Jeddah, Mecca, and Medina.
These measures are expected to help increase real estate supply without negatively impacting the market, ensuring its stability and long-term sustainability.
The authority also explained that the Saudi real estate market has become more open and organized, offering diverse opportunities within a framework that protects rights and enhances transparency.
It emphasized that investors seeking a stable market, sustainable urban growth, and real estate products suitable for long-term development will find Saudi Arabia to be an ideal and investment-ready environment.
