For decades, Saudi Arabia’s property market was largely closed to foreign buyers. That changed on 22 January 2026, when the updated Law of Real Estate Ownership by Non-Saudis came into force. International individuals, companies and funds can now legally own property in one of the region’s largest and fastest-changing economies.
At Kohl Real Estate, we have worked in the Saudi property market for seven years. In this guide we explain what the new law allows, where foreigners can buy, and how to approach your first investment.
Why Saudi Arabia, and why now?
1. A market being rebuilt from the ground up
Under Vision 2030, the Kingdom is investing heavily in new cities, tourism destinations, transport networks and business districts. Projects such as Diriyah Gate, King Salman Park, the King Abdullah Financial District and the redevelopment of Central Jeddah are reshaping where people live, work and visit.
2. Early-mover advantage
Many international buyers are still learning how the market works. Investors who arrive while the market is newly open have a wider choice of locations and partners.
3. Strong underlying demand
The country has a young, growing population and rising numbers of expatriate professionals, tourists and pilgrims. Together they create steady demand for housing, hospitality, offices and retail space.
4. A clear, digital legal framework
Every property right held by a non-Saudi must be recorded in the national Real Estate Registry. Transactions run through the government’s Saudi Properties platform, which gives buyers a documented and traceable ownership process.
Who can own property?
Under the new law, ownership is open to:
- Non-Saudi individuals, whether or not they live in the Kingdom
- Foreign companies and legal entities, including investment funds, for residential, commercial or industrial use
- Saudi companies with foreign shareholders, under specific conditions
- Diplomatic missions and non-profit organisations, subject to approval and reciprocity
The law covers more than outright ownership. It also covers long-term leaseholds, usufruct rights and other registered property rights, which gives investors several ways to structure a deal.
Salim Al Thiaby
CEO (Kohl Real estates)