Saudi Arabia opens property market to foreign buyers

AI Summary

Saudi Arabia has implemented new legal frameworks allowing foreign nationals and companies to purchase property in designated zones, marking a major reform in its real estate market. The changes, governed by the Real Estate General Authority, aim to attract foreign investment and expand the property market starting in 2026.

Saudi Arabia has introduced a legal framework allowing foreign nationals to purchase property in designated zones, marking a significant shift in one of the world's largest real estate markets. The new regulations, effective from 2026, permit non-Saudi individuals and companies to acquire property in approved geographic zones governed by the Real Estate General Authority. The post Saudi Arabia opens property market to foreign buyers appeared first on PropertyWire.