The Times of India News

Saudi Arabia to allow foreigners to own property from 2026 under new law, except in four major cities

From 2026, a new Saudi law will permit foreigners to own property across the Kingdom, opening opportunities in residential, commercial, industrial, and agricultural real estate. Ownership in four major cities, Makkah, Madinah, Jeddah, and Riyadh, remains restricted. The framework includes designated zones, registration requirements, transaction fees, and penalties, aiming to attract investment while ensuring clear legal controls and oversight.