Saudi Arabia to allow foreign nationals to buy property from 2026 under Vision 2030 reforms

Saudi Arabia has announced a landmark policy shift confirming that foreign nationals will be permitted to purchase property in the Kingdom starting in 2026. This move marks the first time Saudi Arabia has formally opened real estate ownership to non-Saudis, signaling a major step in its economic transformation under Vision 2030.

The new policy is designed to attract foreign investment, strengthen the real estate sector, and support the Kingdom’s broader goal of diversifying its economy beyond oil. Property ownership will be open to foreigners from all regions globally, including African nationals, reinforcing Saudi Arabia’s intent to position itself as an international investment and lifestyle destination.

Ownership, however, will be restricted to designated zones approved by authorities. These areas are expected to include key urban, economic, and development hubs, while sensitive or strategic locations may remain excluded. Saudi officials have indicated that detailed regulations covering eligibility, property types, ownership rights, and compliance requirements will be released closer to implementation.

The reform aligns with Saudi Arabia’s expanding portfolio of economic liberalization measures, which include long-term residency programs, business-friendly reforms, and large-scale real estate developments such as NEOM, the Red Sea Project, and Diriyah Gate.

Industry experts believe the policy could significantly boost foreign capital inflows, increase demand in the housing and commercial property markets, and enhance the Kingdom’s appeal to expatriates, global investors, and international entrepreneurs seeking long-term roots in Saudi Arabia.

As 2026 approaches, investors and potential buyers are expected to closely monitor forthcoming guidelines to understand the scope, restrictions, and opportunities presented by this historic opening of Saudi Arabia’s property market.