Saudi Arabia has launched an updated regulatory framework governing real estate ownership by non-Saudis, aiming to attract foreign investment and develop the real estate market in line with Vision 2030 objectives.

Under this framework, non-Saudi individuals and companies are permitted to own real estate or acquire other real property rights within geographic areas approved by the Council of Ministers, in accordance with the regulations and guidelines issued by the Real Estate General Authority.

Property ownership must be registered with the National Real Estate Registry to be legally valid, and fees apply to real estate transactions.

Source and for more information – the official website of the Real Estate General Authority:    press here

 


Disclaimer: This material is prepared for general awareness purposes on Almanazl Platform and does not constitute legal or tax advice. It is always recommended to review official regulations and laws or consult a professional before making any financial or legal decision.

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