Saudi Arabia begins implementation of non-Saudi actual property possession regulation

RIYADH — The Saudi Actual Property Normal Authority introduced on Thursday the official entry into pressure of the Regulation on Actual Property Possession by Non-Saudis, marking the beginning of its implementation inside the Kingdom’s legislative framework, in line with the Saudi Press Company. The authority stated purposes for actual property possession by non-Saudis shall be accepted solely by means of the official digital platform, Saudi Properties, which serves because the unified portal for all associated procedures. The service covers residents contained in the Kingdom, non-residents, in addition to non-Saudi corporations and entities, in accordance with outlined regulatory controls and approval mechanisms. The appliance course of varies relying on the applicant’s class. Residents of Saudi Arabia could submit purposes immediately by means of the portal utilizing their residency (iqama) quantity, with eligibility verified mechanically and all procedures accomplished electronically. For non-residents, purposes will start by means of Saudi missions and embassies overseas, which problem a digital identification enabling candidates to proceed with the possession course of by way of the Saudi Properties platform. Non-Saudi corporations and entities with no bodily presence within the Kingdom are required to first register with the Ministry of Funding by means of the Make investments Saudi platform and acquire a Unified Quantity (700) earlier than submitting possession purposes electronically. The authority confirmed that the regulation permits possession throughout varied areas of the Kingdom. Possession in Riyadh and Jeddah, in addition to within the holy cities of Makkah and Madinah, shall be ruled by a particular regulatory framework primarily based on geographic zoning, which is anticipated to be introduced within the first quarter of 2026. Based on the authority, possession in Makkah and Madinah shall be restricted to Saudi corporations and Muslim people, whether or not residing inside or outdoors the Kingdom. It added that the Saudi Properties portal acts because the official digital gateway for implementing the regulation, permitting candidates to finish procedures, confirm compliance with regulatory necessities, and finalize possession by means of a system immediately linked to the nationwide actual property title registration platform. This integration goals to reinforce transparency and shield possession rights. The authority stated the regulation seeks to enhance the standard of actual property improvement by attracting worldwide builders and high-caliber corporations, whereas supporting progress throughout residential, business, industrial, and tourism sectors. Additionally it is anticipated to contribute to job creation for Saudi nationals and strengthen the non-oil actual property sector’s contribution to gross home product. Commenting on the rollout, the authority’s official spokesperson Taiseer Al Mofarej stated that through the first quarter of this 12 months, the particular websites and geographic zones eligible for possession shall be introduced as a part of the “Geographical Areas for Possession Doc.” He burdened that any data at the moment circulating about particular residential or business initiatives accepted for non-Saudi possession has not been formally introduced, urging buyers and the general public to rely solely on official sources for correct and up-to-date data.

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