Saudi Arabia has officially launched a new digital portal designed to record and manage all real estate ownership transactions involving non-Saudis, signaling a major step in opening its property market to international investors. The ‘Saudi Properties’ platform, introduced by the Real Estate General Authority (Rega), aims to provide a simple and reliable digital journey for purchasing property in the Kingdom.
The announcement was made during the Cityscape Global conference, with the platform set to become the official gateway for all foreign ownership processes starting January 22.
A Unified Digital Gateway for Investors
The Saudi Properties platform will serve as a one-stop-shop for international buyers. According to a statement from Rega, the portal will allow users to browse real estate opportunities, communicate directly with developers, submit purchase applications, and verify their eligibility for ownership.
It will also connect investors with all relevant government entities, streamlining what was previously a complex process into a seamless digital experience. The move comes as the new Non-Saudi Property Ownership Law is set to take effect, a key topic to be featured at the upcoming Real Estate Future Forum in Riyadh.
New Laws and Incentives to Attract Capital
The digital platform is supported by a series of new regulations and powerful incentives aimed at attracting significant foreign capital. Earlier this month, it was reported that the Kingdom will grant lifetime residency to foreigners who meet a specific property investment threshold.
“If you buy [a home] for more than SAR4 million, you get a lifetime residency,” confirmed Ziad El Chaar, CEO of developer Dar Global.
Adding to the market’s appeal, Rega’s CEO Mohammad Al-Suliman also announced that Saudi Arabia would introduce fractional ownership options for foreigners. This initiative allows investors to buy a stake in Saudi real estate without committing to full ownership, lowering the barrier to entry and diversifying investment opportunities.
Al-Suliman stated that these moves are designed to directly support Saudi Arabia’s strategic goal of increasing annual foreign direct investment (FDI) inflows to $100 billion by 2030, a cornerstone of the Vision 2030 economic diversification plan.
About The Real Estate General Authority
The Real Estate General Authority (Rega) is the governmental body responsible for regulating, supervising, and developing real estate activity and investment in the Kingdom of Saudi Arabia. It works to enhance transparency and efficiency in the property market, aiming to build a sustainable and attractive real estate sector that contributes to the national economy.
Source: AGBI
