Saudi Arabia has announced a big change. From January 2026, people from other countries will be allowed to buy and own property in Saudi Arabia. This is the first time such a law will be in place in the country. The rule will open doors for people who want to live, invest, or do business in Saudi Arabia.
Why Is Saudi Arabia Allowing Foreign Property Ownership?
The Saudi government wants to grow the economy and bring in more money from around the world. Right now, the country depends a lot on oil. But oil will not last forever. So, they are making big plans to build a stronger economy by allowing new businesses and investments.
Letting foreigners buy property is part of the Saudi government’s Vision 2030. This plan wants to make Saudi Arabia a modern country with more jobs, better services, and new ways to earn money.
Where Can Foreigners Buy Property in Saudi Arabia?
Foreigners will be allowed to buy property in Saudi Arabia starting in 2026, but not everywhere in the country. At first, they will be able to buy homes or buildings only in selected parts of major cities. The government has chosen these cities because they are modern, growing fast, and have the services people need to live and work comfortably.
One of the main cities where foreigners can buy property is Riyadh, which is the capital of Saudi Arabia. Riyadh is the largest city in the country and is becoming a center for business, technology, and government. It has wide roads, modern buildings, big shopping malls, good schools, and top hospitals. Many companies from around the world are opening offices in Riyadh, which makes it a great place for people who want to work or invest there.
When Will the New Law for Foreigners Buying Property Start?
The new rule that allows foreigners to buy property in Saudi Arabia will officially begin in January 2026. This means that from that time, people from other countries can start applying to buy houses, apartments, shops, or offices in certain parts of Saudi Arabia.
But before January 2026, the Saudi government will prepare everything. They will share clear details about how the process will work. People will be able to learn how to apply, what documents are required, and where they can buy property. All the information will be shared on official websites and platforms, so everyone can read and understand it easily.
