“We’re already seeing buyers pull the trigger,” says Driven Properties CEO, as international investors complete early deals at Saudi Arabia’s flagship Red Sea development following the introduction of new foreign ownership rules
Real Estate General Authority
Latest in Real Estate General Authority
foreign ownership
Saudi Arabia to officially open property market to foreigners as long-awaited law takes effect this month
Years in the making, the reform will open parts of Saudi Arabia’s property market to foreign buyers with new rules on where and how they can buy on January 21
Real Estate General Authority
Saudi approves sandbox to foster innovation in real estate technology
Board of Directors of the Real Estate General Authority take several decisions that will “help raise the level of maturity of the real estate sector”
Real Estate General Authority
Saudi Arabia approves digital ID use for non-resident foreigners to own property
Non-resident foreigners must hold a digital ID, Saudi bank account and local contact number to qualify for property ownership under the new law
Real Estate General Authority
Saudi cabinet approves law on property ownership by non-citizens
Comes into effect from January 2026; Real Estate General Authority to propose areas where non-Saudis can own property; special requirements for the Holy Cities
Crown Prince Mohammed bin Salman
Saudi Crown Prince grants extension for study to regulate landlord-tenant relationship
The study is crucial in ensuring fairness in rental transactions for all involved parties and protecting beneficiaries from any fluctuations
PropTech
Saudi Arabia to host Global PropTech Summit in Riyadh
PropTech Summit in Saudi Arabia will be platform for real estate innovation and industry in the Kingdom
Real Estate General Authority
Saudi Arabia announces rent payments must be made with Ejar platform online from January 15
Saudi Arabia’s Real Estate General Authority restricts rent payment to Ejar platform
foreign investment
Saudi real estate braces for freehold boom as foreign ownership reforms loom
Experts warn Saudi Arabia’s plan to lift property ownership restrictions may exacerbate housing affordability issues, even as it sparks investor optimism for lucrative opportunities in the real estate market
Foreign investors
Saudi to allow foreigners to buy property: Reports
Saudi Arabia is working on new real estate laws to allow foreigners to buy property in the Kingdom
