Categories: KSAREAL ESTATE

Saudi opens property purchases to non-residents via digital ID

Saudi Arabia will allow non-Saudi, non-resident foreigners to purchase property in the Kingdom using a digital identification system, following a Cabinet decision approved last week.

The measure authorises the General Real Estate Authority, in coordination with the Ministry of Interior, the Saudi Data and Artificial Intelligence Authority, the National Information Centre and other relevant agencies, to develop mechanisms for activating the digital ID ahead of the rollout of the Non-Saudi Real Estate Ownership Law.

The Cabinet also endorsed a governance framework for non-Saudi property ownership and usufruct rights, as recommended by the Strategic Committee of the Council of Economic and Development Affairs. This includes the formation of a specialised committee within the authority’s board to oversee the sector.

As part of the changes, the General Real Estate Authority’s board has been restructured, with its chief executive now serving as chairman, alongside members from several ministries and three representatives from the private sector.

The new ownership law, approved in July, will take effect in January 2026.

In August, the authority issued draft executive regulations requiring non-resident foreigners to obtain and activate a digital ID through the government’s Absher platform, open a Saudi bank account, and secure a local contact number before acquiring or using property in the Kingdom.

The move aims to streamline transactions, strengthen regulatory oversight, and attract more foreign investment into Saudi Arabia’s real estate market.

Story by Gulf Nwes

manager

Recent Posts

Black & White PR & Events Announces New Expansion Phase Led by Nagham Amer, Including Regional Market Growth and the Launch of a Skincare Brand

Dubai, United Arab Emirates – Black & White PR & Events has announced the start…

10 hours ago

NMC Royal Hospital, Mohammed Bin Zayed City, Successfully Treats Lifelong Complications from Childhood Surgery

Advanced Reconstructive Surgery Helps Patient Regain Normal Urinary Function After Years of Complications Abu Dhabi,…

4 days ago

Fakeeh University Hospital Brings New Hope to Patients with Complex Brain Conditions Through Advanced MRI-Guided Laser Neurosurgery

Russian teenager with high-risk brainstem tumour successfully undergoes minimally invasive laser treatment in Dubai Dubai,…

1 week ago

Harry Kane breaks Ronaldo’s record

Harry Kane produced another captain's performance as England came from a goal down to beat…

1 week ago

Paris Hilton Optimizes Home for ADHD

Ever since being diagnosed with ADHD in her twenties, Paris Hilton has chosen to see her neurodiversity as her…

1 week ago

Can Morocco win the World Cup?

 Just past midnight in Monterrey, Achraf Hakimi had already missed his penalty, and Morocco's World Cup looked…

1 week ago