In support of Vision 2030, Saudi Arabia has announced the granting of lifetime residency to foreigners when they purchase a property in approved projects worth at least 4 million Saudi riyals, equivalent to approximately 1 million US dollars, opening new horizons for real estate investment for foreigners and representing an unprecedented experience of full free ownership within the Kingdom.

According to AGBI, the law will come into effect on January 28, 2026, explaining that ownership will be available within approved projects and that residency will remain valid for as long as the property is held. According to reports by AGBI, the law will come into effect on January 28, 2026, explaining that ownership will be available within approved projects, and that residency will remain valid for the entire period of holding the property, with no requirement to physically reside in it. Final operational details are expected to be announced soon, including fully approved areas, transfer fees, and residency requirements.

According to reports by AGBI, the law will come into effect on January 28, 2026, explaining that ownership will be available within approved projects and that residency will remain valid for the duration of the property's holding period. It is worth noting that investors of multiple nationalities started buying units before the law came into effect to take advantage of the price difference, which is estimated at 10% compared to buying after the law came into effect. The Kingdom has identified certain areas for foreign ownership, including Riyadh and Jeddah, while setting special conditions for ownership in sensitive areas, with additional restrictions in Mecca and Medina as confirmed by the Minister of Municipalities and Housing Majid Al Haqeel, during his statements.

Minister of Municipalities and Housing Majid Al Haqeel, during his statements.