Saudi Arabia Launches Saudi Properties Portal for Non-Saudi Ownership

Saudi Arabia has introduced a new digital platform, the Saudi Properties portal, to streamline property ownership applications for non-Saudis. This initiative is part of a broader legislative shift under the Law of Real Estate Ownership by Non-Saudis, which replaces a more restrictive regime. The Real Estate General Authority (REGA) is responsible for implementing this law, setting permitted zones, and managing the portal at saudiproperties.rega.gov.sa.

The Law of Real Estate Ownership by Non-Saudis outlines the overarching principles regarding who can acquire property, the types of rights available (such as freehold, usufruct, or long-term lease), and the geographic areas where ownership is allowed. The implementing regulations, issued by REGA, provide detailed procedural guidance, including application forms, document requirements, and approval timelines. Both the law and its regulations are published in the Umm Al-Qura Official Gazette, which serves as the authoritative source for legislative texts in Saudi Arabia.

The portal's launch, confirmed by the Saudi Press Agency, allows companies to submit digital applications for property ownership. It accommodates applications from Saudi domestic companies, GCC-owned entities, and foreign-invested companies, each following a different regulatory track. The scope of permitted ownership varies based on the entity's legal structure, nationality of shareholders, and the property's location.

For non-Saudi entities, ownership rights are often limited to usufruct or leasehold arrangements, particularly in zones like Makkah and Madinah. The type of right a company can acquire depends on the entity's nationality or ownership structure, the geographic zone, and the intended use of the property. Companies are advised to consult current REGA guidance before applying, as the list of approved zones and eligible property categories is periodically updated.

For a developer: The launch of the Saudi Properties portal represents a significant opportunity for foreign investors and developers looking to enter the Saudi real estate market. By providing a clear and structured pathway for property ownership, the portal can facilitate strategic investments and development projects in the Kingdom. Understanding the nuances of the new law and its regulations is crucial for navigating the application process and maximizing investment potential.