Expatriates Can Now Buy Property in Saudi Arabia: Eligibility, Income Criteria & What You Need to Know
Saudi Arabia opens property ownership to expatriates in 2026. Learn about eligibility, income criteria, and how to invest in the Kingdom’s real estate market.
🏡 Expatriates Can Now Buy Property in Saudi Arabia: What You Need to Know
In a groundbreaking move, Saudi Arabia has announced that expatriates and foreign nationals will be permitted to purchase property within designated zones starting in January 2026. This policy shift is part of the Kingdom’s broader Vision 2030 initiative to diversify its economy and attract international investment.
📌 Who Can Buy Property?
The new regulations allow:
- Expatriates with valid residency permits (Iqama holders).
- Foreign nationals residing in Saudi Arabia.
- Foreign companies registered in the Kingdom.
However, property ownership is restricted to designated zones, including major cities like Riyadh and Jeddah. Ownership in Makkah and Madinah remains highly restricted due to their religious significance, with exceptions primarily for Muslims under specific circumstances such as inheritance or religious endowments .
💰 Income and Investment Criteria
1. Premium Residency (Green Card) Route
Expatriates can qualify for property ownership through the Premium Residency program, which offers two options:
- Limited Duration Residency: Renewable annually.
- Unlimited Duration Residency: Permanent residency.
Eligibility Requirements:
- Minimum Property Value: SAR 4 million (~$1.07 million).
- Property Status: Fully completed and mortgage-free
- Additional Criteria:
- Clean criminal record.
- Age 21 or older
- Health clearance certificate.
- Proof of funds showing legitimate source of money .
2. Foreign Investors and Companies
For foreign investors and companies interested in real estate development:
- Minimum Investment: SAR 30 million (~$8 million).
- Development Requirement: Projects must be completed within 5 years.
- Additional Requirements:
- Registered business entity in Saudi Arabia.
- Detailed project plans with feasibility studies.
- Compliance with all local regulations .
🗺️ Designated Zones for Property Ownership
While the exact areas are still being finalized, the government has indicated that foreign property ownership will be allowed in
- Riyadh
- Jeddah
- Other designated zones to be announced
Ownership in Makkah and Madinah will be subject to special restrictions due to their religious significance .
🛠️ Application Process
The application process for property ownership will involve:
- Submission of Required Documents: Including proof of identity, proof of funds, and property details.
- Approval from Relevant Authorities: Applications will be reviewed by the Real Estate General Authority and other relevant bodies.
- Registration of Property: Once approved, the property will be registered in the buyer’s name.
Detailed guidelines and procedures will be published by the Real Estate General Authority within 180 days of the law’s enactment .
🔍 Key Takeaways
- Eligibility: Expatriates with valid residency permits and foreign nationals residing in Saudi Arabia can purchase property in designated zones.
- Income Criteria: For Premium Residency, a minimum property value of SAR 4 million is required.
- Investment Criteria: Foreign investors must commit to a minimum investment of SAR 30 million for real estate development projects.
- Designated Zones: Property ownership is permitted in specific areas, including Riyadh and Jeddah, with restrictions in Makkah and Madinah.
- Application Process: Involves submission of documents, approval from authorities, and property registration.
If you’re an expatriate or foreign investor interested in purchasing property in Saudi Arabia, it’s essential to stay informed about the upcoming regulations and prepare accordingly. Consult with legal and real estate professionals to navigate the application process and ensure compliance with all requirements.
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