Now foreign citizens can also buy property in Saudi Arabia, know what are the conditions

Now foreigners will get ownership rights on real estate purchased here. This law was published in the ‘Umm al-Qura Gazette’ on Friday, July 25. Now it will be implemented within 180 days.

This law is being described as a major change in the policy of Saudi Arabia. Let us know what are the new provisions in this law and how foreign citizens can now buy property in Saudi Arabia.

What is in this law

Earlier this month, the Saudi Arabian Cabinet approved this law. Under this, foreign individuals, companies, non-profit organizations and investment organizations have been allowed to buy or own property in designated areas of the country.

These rights include ownership, leasing of property, right to use (enjoy) property, and interests in real estate. But these rights will depend on the location, type of property, and its use.