Saudi Arabia: New Rules on Foreign Property Ownership

Saudi Arabia: New Rules on Foreign Property Ownership News developments

Saudi Arabia: New Rules on Foreign Property Ownership

The Real Estate General Authority have confirmed that the Regulation on Real Estate Ownership by Non‑Saudis under Saudi Arabia Cabinet Decision No. 42/1447 have officially taken effect, bringing into force a system that standardises applications and approvals for property ownership by foreigners. Under the regime, all requests must now be processed through Saudi Properties, the government’s unified digital portal for real‑estate services.

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Hannah Faye Gutang