{"id":80415,"date":"2025-07-08T23:36:28","date_gmt":"2025-07-08T20:36:28","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=80415"},"modified":"2025-11-25T21:08:13","modified_gmt":"2025-11-25T21:08:13","slug":"%d8%a7%d9%84%d8%ad%d9%82%d9%8a%d9%84-%d9%86%d8%b8%d8%a7%d9%85-%d8%aa%d9%85%d9%84%d9%83-%d8%ba%d9%8a%d8%b1-%d8%a7%d9%84%d8%b3%d8%b9%d9%88%d8%af%d9%8a%d9%8a%d9%86-%d9%84%d9%84%d8%b9%d9%82%d8%a7%d8%b1","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/80415\/","title":{"rendered":"Al-Haqeel: Non-Saudis owning real estate will help attract investments and develop the real estate sector"},"content":{"rendered":"<p>His Excellency the Minister of Municipalities and Housing, Chairman of the Board of Directors of the General Real Estate Authority, Mr. Majid bin Abdullah Al-Hogail, expressed his gratitude to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and to His Royal Highness the Crown Prince \u2014may God protect them both\u2014on the occasion of the Cabinet\u2019s approval of<strong><a href=\"https:\/\/laws.boe.gov.sa\/boelaws\/laws\/lawdetails\/753d7ffc-5e18-4f36-818d-a9a700f213a1\/1\"> Modernized Real Estate Ownership System for Non-Saudis<\/a><\/strong> At its meeting held today.<\/p>\n<p>Al-Haqeel explained that the Cabinet's approval of the updated system for the ownership of real estate by non-Saudis at this time is an extension of real estate legislation aimed at developing the real estate sector and encouraging foreign direct investment, which will contribute to raising the real estate supply by attracting investors and real estate development companies to the Saudi market.<\/p>\n<p>He emphasized that the updated system takes into account the interests of Saudi citizens through the existence of mechanisms that ensure market control and compliance with the specific procedures aimed at achieving real estate balance, pointing out that the system took into account all economic and investment aspects, as ownership will be available in specific geographical areas, especially in the cities of Riyadh and Jeddah, and special requirements for ownership in Makkah and Madinah.<\/p>\n<p>Under the updated law, the General Real Estate Authority is responsible for proposing the geographic areas in which non-Saudis may own real estate or acquire other rights in rem thereto. The Authority will publish the implementing regulations for the law on the \u201cIstisala\u201d within 180 days of its publication in the Official Gazette, where it will take effect in January 2026, in accordance with the provisions of the law. The regulations will specify the procedures for non-Saudis to acquire real property rights, the requirements for enforcing the law\u2019s provisions applicable to non-Saudis, and the details of the law\u2019s implementation, taking into account all economic and social aspects.<\/p>\n<p>It is worth noting that the system is consistent with the provisions of the Special Residency System and the regulations governing real estate ownership by citizens of Gulf Cooperation Council (GCC) countries in member states for residential and investment purposes, as well as other applicable regulations that grant non-Saudis privileges regarding real estate ownership andacquire other rights in rem therein.<\/p>","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">Minute<\/span><\/span>His Excellency Majid bin Abdullah Al-Hogail, Minister of Municipal and Housing Affairs and Chairman of the Board of Directors of the General Real Estate Authority, expressed his gratitude to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and to His Royal Highness the Crown Prince \u2014may God protect them\u2014on the occasion of the Cabinet\u2019s approval of the updated regulations governing real estate ownership by non-Saudis at its meeting held today. Al-Hogail explained that the Cabinet\u2019s approval\u2026 <a title=\"Al-Haqeel: Non-Saudis owning real estate will help attract investments and develop the real estate sector\" class=\"read-more\" href=\"https:\/\/amlak.net.sa\/en\/80415\/\" aria-label=\"Read more about Al-Haqil: The Real Estate Ownership System for Non-Saudis Helps Attract Investment and Foster Growth in the Real Estate Sector\">Read more<\/a><\/p>","protected":false},"author":27,"featured_media":60488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"0","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"amlak_video_sent":"","footnotes":""},"categories":[119],"tags":[],"class_list":["post-80415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-finance"],"acf":{"amlak_post_excerpt":"\u0627\u0644\u0646\u0638\u0627\u0645 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