Foreigners Can Buy Property in Makkah, Madinah, Riyadh and Jeddah from January 2026

RIYADH—Saudi Arabia approved foreign property ownership including in Makkah and Madinah effective January 2026.

The Cabinet chaired by Crown Prince Mohammed bin Salman passed this historic legislation ending decades of restrictions.

Foreign individuals and entities can now own real estate in designated zones across the Kingdom.

Minister of Municipalities and Housing Majed Al-Hogail confirmed direct ownership applies to major cities like Riyadh and Jeddah while Makkah and Madinah require special regulatory approval through the Real Estate General Authority.

Key Provisions of the New Law

• Approval Process: All foreign buyers must secure authorization from the Ministry of Investment and comply with defined financial and regulatory requirements.

• Eligible Buyers: Foreign individuals holding valid Saudi visas or residency permits (Iqamas); international companies with a local presence; licensed banks and mortgage firms.

Cities Covered:

• Riyadh & Jeddah: Straightforward purchase rights for residential and commercial properties.

• Makkah & Madinah: Ownership limited to designated zones; investors may also buy shares in publicly traded companies that hold real estate in these cities.

Foreign residency permit holders international companies and licensed financial institutions qualify for ownership.

ll applicants must undergo authority approval and meet financial requirements. The Real Estate General Authority will publish exact eligible areas within 180 days via the government Istitlaa platform with draft regulations open for public consultation before finalization.

For the holy cities investment in publicly-traded real estate companies is prioritized over direct ownership to preserve cultural sanctity.

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