Firstpost Saudi Arabia to Impose Restrictions on Foreign Property Ownership | Spotlight | N18G

Saudi Arabia to Impose Restrictions on Foreign Property Ownership | Spotlight | N18G

Starting January 2026, Saudi Arabia will impose new restrictions on foreign property ownership, reshaping the kingdom’s real estate landscape. Under the new law, only registered foreign buyers—including individuals, companies, non-profits, and diplomatic missions—can purchase property within designated zones in major cities such as Riyadh, Jeddah, Mecca, and Medina. Foreign owners will face a combined 10% levy in fees and taxes, with strict compliance rules, and violations could lead to confiscation and fines up to 10 million SAR ($2.7 million). The reform aligns with Vision 2030, aiming to direct foreign investment toward national priorities while keeping sensitive areas, like the holy cities, highly restricted. 

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