The Real Estate General Authority launched a digital platform this month for foreigners to apply for ownership approvals in about 170 areas, including economic centers like Riyadh and Jeddah. Exceptions protect Mecca and Medina for Muslims only, along with border zones and property size limits. Part of Crown Prince Mohammed bin Salman's reforms, the policy seeks to draw investment, boost construction, and diversify beyond oil, much like in the UAE. Reactions highlight excitement over growth alongside nods to cultural safeguards.
Saudi Arabia Opens Real Estate to Foreign Buyers with Key Restrictions
Clinton Machuki