Saudi’s New Law: Foreigners can own property across the...

Saudi’s New Law: Foreigners can own property across the kingdom, except in these two cities

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Saudi Arabia has introduced a new law allowing foreigners to own property in designated zones, marking a significant shift in its real estate policy. While ownership in holy cities like Makkah and Madinah remains restricted, the law opens opportunities for foreign individuals and companies under specific conditions. Registration is mandatory, and violations can lead to substantial fines and property confiscation.

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