Saudi Arabia to begin accepting applications for foreign real estate ownership
Here’s what to know
Saudi Arabia’s Cabinet has approved executive regulations governing real estate ownership by non-Saudis and the commencement of applications for foreign real estate ownership through the “Saudi Properties” portal. Here’s everything to know about the Saudi foreign real estate ownership applications.
Saudi foreign real estate ownership applications
How does it work
According to Economy Middle East, non-Saudi individuals residing in the Kingdom can apply directly through the “Saudi Properties” portal using their residency number, with automated verification of eligibility requirements and completion of procedures through a fully digital process.
Residents can begin their application process by obtaining a digital identity card from Saudi missions abroad, which must be obtained prior to completing the online application process.
Meanwhile, non-Saudi companies and entities without an existing presence in the Kingdom are required to register with the Ministry of Investment through the “Invest Saudi” platform and obtain a national unified number before completing the ownership process electronically.
The geographical zones across the cities
Per Saudi Projects, the geographical areas permitted for non-Saudis to own property in include a number of the Kingdom’s most prominent projects and development zones. They are as follows:
Riyadh
- Qiddiya
- New Murabba
- Riyadh Sports Boulevard and Arts District
- Diriyah Gate
- King Salman Park
- Sidra
- King Abdullah Financial District
- King Salman International Airport
- Public Transport
- Oriented Development Sites
Jeddah
- Al Uroos
- Jeddah Central
- Uptown
- 55 development zones
AlUla
- 17 development zones
Major Projects
- NEOM –
- The Red Sea
- AMAALA
Special Economic Cities and Zones
- King Abdullah Economic City
- Special Economic Zone at King Abdullah Economic City
- Special Economic Zone at Ras Al Khair
- Special Economic Zone at Jaza
Property ownership within the two Holy Cities is limited to Saudi companies and Muslim individuals from both within and outside the Kingdom.
Makkah Al-Mukarramah
- Ajyad Tower
- Makkah Towers
- Al Manar
- King Salman Gateway
- Valley Hills
- Jabal Omar
- Dhaker Makkah
- Sama Downtown
- Masar
- Three development zones
Madinah Al-Munawwarah
- Madinah Vision
- Al Ghara
- Al Mahwa
- Dar Al Hijrah
- Madinah Downtown
- Diyar Al Muqarr
- Knowledge Economic City
- Mashraf
- Two development zones
