If you’re an expat living in Saudi Arabia or the UAE, there’s good news: Starting January 2026, foreign nationals and companies will be permitted to own property in the Kingdom. This major policy shift is part of Saudi Arabia’s Vision 2030, which aims to diversify the economy and attract international investment.
Due to their religious and cultural significance, Makkah and Madinah will remain under special regulations. Buying property in these two cities will likely require specific permissions and will not be as accessible as in other areas.
This move supports Vision 2030, the Kingdom’s long-term roadmap to:
- Reduce dependency on oil
- Encourage foreign direct investment
- Support urban development in key cities like Riyadh, Jeddah, and NEOM (Saudi Arabia’s futuristic mega-project)
Officials say the new property law will not only stimulate the real estate sector but also ensure protections for local citizens while making it easier for foreigners to invest securely.
Read the full story at pro pakistani
