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In a move that demonstrates economic advancement and investment openness, the Kingdom has introduced the updated Law of Real Estate Ownership by Non-Saudis, providing individuals and companies, both locally and internationally, with the opportunity to own and invest in one of the region's fastest-growing and most stable real estate markets.
This Law seeks to stimulate real estate market, increase housing supply, and promote sustainable development, providing promising investment opportunities that align with the goals of Saudi Vision 2030 to strengthen investment environment and develop real estate sector.
Ownership is permitted across various areas of the Kingdom, guided by carefully developed regulatory standards that take into account urban development and economic balance. Both individuals and companies can seize opportunities within major projects, special economic zones, and the ownership of residential and commercial lands, all in compliance with established regulations.
Law update represents a significant leap towards enabling investors to access real estate opportunities in the Kingdom. REGA aims to provide an integrated investment environment, supported by advanced infrastructure and regulations that foster the growth of real estate sector, thereby enhancing Kingdom position as a globally attractive destination for real estate investment.
Attracting Real Estate Investments
Enhancing Real Estate Sector Growth and Shaping Its Features
Enhancing Efforts to Retain Talent and Expertise over the long term.
Increasing Non-Oil Government Revenues
Saudi Arabia’s cultural richness stems from the diverse tapestry of its people, shaping the essence of its national identity. KSA to over 34 million people across 13 regions, the Kingdom is bound by the Arabic language, yet each region embraces its own dialect, customs, heritage, and culinary specialties.
Saudi Arabia embraces a tradition of five official holidays annually, featuring the Islamic festivals of Eid al-Fitr and Eid al-Adha, alongside Founding Day (February 22), Flag Day (March 11), and the grand celebration of Saudi National Day (September 23).
Saudi citizens embrace a set of social values inherited from the Kingdom’s rich traditions, emphasizing generosity, courage, and hospitality, along with a strong commitment to family ties and values that reflect both societal customs and Islamic teachings.
Saudi Vision 2030 paves the way for a more transparent and responsible government, fostering national engagement and inspiring citizens, the private sector, and the non-profit sector to take initiative, explore opportunities, and drive the nation’s advancement toward a promising future.
With vast responsibilities, the government emphasizes agility in responding to evolving challenges, upholding transparency and accountability, and optimizing financial resource management for efficiency, effectiveness, and accelerated execution with continuous performance oversight.
To learn more about the regulations governing real estate ownership for non-Saudis in Saudi Arabia, please feel free to reach out by filling in the form below or through our official social media channels.
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Beneficiary support services represent a fundamental part of a unified and integrated system aimed at achieving beneficiary satisfaction by enhancing the efficiency of handling complaints, requests, and reports, while responding to inquiries effectively and efficiently. These services aim to strengthen online communication with officials at the Real Estate General Authority. This initiative aligns with the authority's commitment to improving the quality of services provided and enhancing the level of interaction with beneficiaries through official digital channels.
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