Saudi Arabia — Property: Foreign Ownership

Why this matters

Understanding the rules for foreign property ownership is essential for relocating individuals to ensure compliance and avoid legal issues, as the process can be complex and may involve additional fees and documentation.

Key facts

• A Premium Residency permit holder may own real estate for residential, commercial and industrial purposes in areas other than Mecca, Medina and border areas, subject to the Regulations.
• In Mecca and Medina the holder gets usufruct only, for a period not exceeding 99 years, with the deed obtained from a notary public under procedures set by the Ministry of Justice and the Ministry of Investment.
• The usufruct right is transferable to others under controls set by the Premium Residency Center board.
• The holder may also own private means of transport and other movables permitted by law, and engage in commercial activity under the Foreign Investment Law.

Steps

1. Establish a local presence — Form a company or establish a partnership with a Saudi citizen or entity.
2. Register the property — Submit the necessary documents to the relevant real estate authority for property registration.