{"id":38093,"date":"2025-07-10T15:55:00","date_gmt":"2025-07-10T15:55:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4727959_AE27959_0"},"modified":"2025-07-10T15:55:00","modified_gmt":"2025-07-10T15:55:00","slug":"al-hogail-thanks-the-leadership-for-the-council-of-ministers-approval-of-the-updated-regulation-for-non-saudis-ownership-of-real-estate","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=38093","title":{"rendered":"Al-Hogail Thanks the Leadership for the Council of Ministers&#8217; Approval of the Updated Regulation for Non-Saudis&#8217; Ownership of Real Estate"},"content":{"rendered":"<table name=\"logo_release\" border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2728792\/REGA_Logo.jpg?p=medium600\" border=\"0\" alt title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">RIYADH, Saudi Arabia<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">July 10, 2025<\/span><\/span> \/PRNewswire\/ &#8212; His Excellency Mr. <span class=\"xn-person\">Majed bin Abdullah Al-Hogail<\/span>, Minister of Municipalities and Housing, and Chairman of the Real Estate General Authority (REGA), extended his sincere gratitude to the Custodian of the Two Holy Mosques, King <span class=\"xn-person\">Salman bin Abdulaziz Al Saud<\/span>, and to His Royal Highness the Crown Prince on the Council of Ministers&#8217; approval of the updated regulation on non-Saudis&#8217; ownership of real estate, during its session held on Tuesday, 8\/07\/2025.<\/p>\n<p>His Excellency explained that the Council of Ministers&#8217; approval of the updated regulation at this time is a continuation of the real estate legislative reforms aimed at developing the sector and promoting foreign direct investment. This will contribute to increasing the supply of real estate by attracting investors and real estate development companies to the Saudi market, thereby supporting efforts to achieve a more balanced real estate ecosystem.<\/p>\n<p>He added that the regulation carefully considers all economic and investment aspects, and allows real estate ownership under specific ownership conditions in <span class=\"xn-location\">Makkah<\/span> and <span class=\"xn-location\">Madinah<\/span>.<\/p>\n<p>He noted that the updated regulation permits both individuals and legal entities\u2014including residents with legal status in the Kingdom as well as non-residents\u2014to own real estate within <span class=\"xn-location\">Saudi Arabia<\/span>, in accordance with specific regulations and conditions.<\/p>\n<p>According to the updated regulation, REGA is entrusted with proposing the geographical areas in which non-Saudis may own real estate or acquire other real rights. REGA will publish the executive regulations of the updated system on the Public Consultation Platform (Istitlaa) within 180 days from the date of its publication in the Official Gazette. The regulation is scheduled to come into effect in <span class=\"xn-chron\">January 2026<\/span>, as stipulated. The executive regulations will outline the procedures for non-Saudis to acquire real estate rights, the requirements for enforcing the regulation&#8217;s provisions on non-Saudis, and all relevant implementation details, taking into account economic and social dimensions.<\/p>\n<p>It is also worth noting that the updated regulation aligns with the provisions of the Premium Residency Law, the regulations governing real estate ownership by citizens of the Gulf Cooperation Council (GCC) member states for the purposes of residence and investment, and other applicable laws that grant non-Saudis privileges to own real estate and acquire other related rights.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RIYADH, Saudi Arabia, July 10, 2025 \/PRNewswire\/ &#8212; His Excellency Mr. Majed bin Abdullah Al-Hogail, Minister of Municipalities and Housing, and Chairman of the Real Estate General Authority (REGA), extended his sincere gratitude to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and to His Royal Highness the Crown Prince [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-38093","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Al-Hogail Thanks the Leadership for the Council of Ministers&#039; 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