Afghanistan, Nov. 21 -- Saudi Arabia will allow foreign nationals to purchase property, including in Mecca and Medina, starting January 2026, under new regulations.
Saudi Arabia is close to completing regulations that would allow foreign nationals to buy property in the kingdom starting January 2026, including in the holy cities of Mecca and Medina. The move marks one of the most significant steps yet in Riyadh's push to open its real estate market to international investors.
Bloomberg reported, citing Fahd bin Sulaiman of the General Real Estate Authority, that officials are still reviewing which specific zones in Riyadh, Jeddah, Mecca and Medina will be accessible to foreign buyers. He said the final list would be released alongside the...