Categories that are allowed to own property according to the new update of the system:
1. Non-Saudi natural person (resident and non-resident)
2. Non-Saudi companies (with or without a presence in the Kingdom)
3.
3. Foreign non-profit entities.
3.
4. International representations and bodies (subject to reciprocity and approval by the Ministry of Foreign Affairs).
5. Saudi companies whose capital is jointly owned by non-Saudis.
6. Companies, funds or special purpose organizations whose capital is jointly owned by a non-Saudi.
Locations and scopes of ownership for non-Saudis:
According to the law, the Council of Ministers determines the geographical scope in which ownership is allowed, and the General Real Estate Authority will publish the scopes document, which will include the in-kind rights that may be acquired and the maximum ownership percentages.
Riyadh and Jeddah: Ownership will be available within specific areas and according to a studied methodology in a way that does not affect the real estate balance in them.
Mecca and Medina: Ownership is prohibited except under special conditions for Muslims or in accordance with specific regulations.
Geographic scopes document for the real estate ownership system for non-Saudis:
The General Real Estate Authority will publish the geographical scopes document for non-Saudi ownership after its approval by the Council of Ministers, including ownership scopes in Riyadh, Jeddah, Mecca, Medina and all cities and provinces of the Kingdom, and contains maps of specific locations, including details of the permitted percentages, types of acquired rights, grace periods, and controls related to the ownership of real estate by non-Saudis or the acquisition of in-kind rights over it.
