Non-Saudi Real Estate Ownership in Saudi Arabia
The Law of Real Estate Ownership by Non-Saudis constitutes the updated regulatory framework governing property acquisition by non-Saudi nationals within the Kingdom, subject to specific criteria and geographical parameters. This legislation is designed to bolster investment appeal, enhance real estate market efficiency, and advance the strategic objectives of Saudi Vision 2030.
Furthermore, the “Saudi Properties” portal serves as the official platform for the Law, facilitating a streamlined and integrated procedural journey for prospective owners. The portal features designated geographical zones and high-potential investment opportunities, ensuring a transparent and dependable digital experience.
A non-Saudi natural person who is a non-resident in the Kingdom must, prior to owning real estate or acquiring other real rights over it:
- Obtain a digital identity.
- Open a bank account within the Kingdom under their name.
- Issue a Saudi contact number under their name that is linked to the digital identity.
