KSA Allows Foreigners to Buy Property Under Vision 2030 Reforms

Saudi Arabia has enacted a landmark reform allowing foreigners to purchase property in the Kingdom, signaling a significant shift in its real estate and investment landscape.

The Real Estate General Authority (REGA) confirmed that the new framework enables both individuals and companies — domestic and international — to invest in residential, commercial, and even agricultural land. This move is part of the Kingdom’s Vision 2030 economic reform agenda.

REGA stated that the updated law is designed to stimulate the real estate market, raise construction standards, generate employment, and align urban planning with global norms.

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Under the new rules, foreign investors will be permitted to acquire property only in zones approved by the Saudi Cabinet. REGA said that detailed guidelines regarding zoning, investment criteria and eligible areas will be published soon.

The authority emphasized that urban development, economic stability, and sustainable growth are central to the finalisation of these regulations, marking a deliberate step toward opening the Saudi real estate market to global capital.