Saudi Arabia opens Real Estate Market for foreign investment

April 2025

Reading Time: 3 minutes

Saudi Arabia has authorized foreign investors to purchase and sell real estate in Saudi Arabia for investment purposes. According to Ministry of Investment of Saudi Arabia, foreign ownership for property will be permitted but it will be subject to some conditions.

For real estate companies hoping to develop projects in Saudi Arabia, first order of business will be to submit a comprehensive report from a Saudi engineering firm that is recognized by the Saudi Council of Engineers. In addition to this approval, the project must meet the following conditions:

• It must not be located within Makkah or Medina regions.
• It must be operational within 5 years of approval.
• It must not have a total cost of land and construction less than 30 million SAR (approx. $8 million).

Source:

https://bloompakistan.com/saudi-arabia-opens-real-estate-market-to-foreign-investors/