View of a skyscraper in Riyadh, Saudi Arabia. (Archive photo Roel Burgler/ANP via AFP)
Saudi Arabia has just reached a symbolic milestone: starting in January 2026, foreigners will be authorized to acquire real estate in certain areas of Riyadh and Jeddah. This change, adopted Tuesday, July 8, is part of a series of measures aimed at opening the kingdom to international investment, while supporting ambitious goals for economic diversification.Gradual expansion of rights for foreignersUntil now, only citizens of Gulf Cooperation Council (GCC) member states could buy property in the kingdom. The new law extends the possibility of acquiring real estate in designated areas of the capital, Riyadh, as well as the maritime metropolis of Jeddah, to other nationalities. The exact locations and terms are to be clarified within the next six months by the Saudi General Real Estate Authority (REGA).The choice of these two cities was...
Saudi Arabia has just reached a symbolic milestone: starting in January 2026, foreigners will be authorized to acquire real estate in certain areas of Riyadh and Jeddah. This change, adopted Tuesday, July 8, is part of a series of measures aimed at opening the kingdom to international investment, while supporting ambitious goals for economic diversification.Gradual expansion of rights for foreignersUntil now, only citizens of Gulf Cooperation Council (GCC) member states could buy property in the kingdom. The new law extends the possibility of acquiring real estate in designated areas of the capital, Riyadh, as well as the maritime metropolis of Jeddah, to other nationalities. The exact locations and terms are to be clarified within the next six months by the Saudi General Real Estate Authority (REGA).The choice of these two cities was...
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