Minister of Municipalities and HousingMajed Al-Hogail
Minister of Municipalities and Housing and Chairman of the board of directors of the General Authority for Real Estate (REGA) Majed Al-Hogail said the Cabinet’s approval of the new geographical zones and executive regulations for the newly-introduced law of real estate ownership and investment by non-Saudis represents a regulatory step that will bolster the local real estate market, enhance its reliability, and promote real estate balance in line with economic objectives. 
He added that Saudi Arabia has developed a more mature legislative and regulatory framework that safeguards rights, improves transaction quality, and strengthens the attractiveness of the Saudi real estate market, the Saudi Press Agency (SPA) reported.
Al-Hogail explained that approving the geographical zones and executive regulations completes the legislative framework for the updated system governing non-Saudi ownership of real estate, through a clear framework defining ownership locations, types of real estate rights, ownership percentages, usufruct periods, requirements, and procedures.
He noted that the limited geographical zones serve as a precise regulatory tool to guide real estate growth, align opportunities with cities’ needs and growth capacity, and account for the special nature of religious and regulated locations, particularly Makkah and Madinah, while preserving their status and clarifying ownership pathways in line with regulations.
He confirmed that the executive regulations will enhance procedural clarity and organize beneficiaries’ journey through official channels, including the introduction of digital channels and the integration with the Real Estate Registry, electronic payment methods, and disclosure and compliance mechanisms, while improving transparency and protecting stakeholders’ rights.
The minister highlighted that the Cabinet’s approval of the geographical zones and executive regulations marks a new phase in the maturity of Saudi Arabia’s real estate market.
He added that it reflects continued efforts to build a trusted real estate ecosystem that grows sustainably, safeguards rights, improves quality of life, and strengthens the Kingdom’s position as a global destination for living, working, and investment.
Minister of Municipalities and HousingMajed Al-Hogail
Minister of Municipalities and Housing and Chairman of the board of directors of the General Authority for Real Estate (REGA) Majed Al-Hogail said the Cabinet’s approval of the new geographical zones and executive regulations for the newly-introduced law of real estate ownership and investment by non-Saudis represents a regulatory step that will bolster the local real estate market, enhance its reliability, and promote real estate balance in line with economic objectives.
He added that Saudi Arabia has developed a more mature legislative and regulatory framework that safeguards rights, improves transaction quality, and strengthens the attractiveness of the Saudi real estate market, the Saudi Press Agency (SPA) reported.
Al-Hogail explained that approving the geographical zones and executive regulations completes the legislative framework for the updated system governing non-Saudi ownership of real estate, through a clear framework defining ownership locations, types of real estate rights, ownership percentages, usufruct periods, requirements, and procedures.
He noted that the limited geographical zones serve as a precise regulatory tool to guide real estate growth, align opportunities with cities’ needs and growth capacity, and account for the special nature of religious and regulated locations, particularly Makkah and Madinah, while preserving their status and clarifying ownership pathways in line with regulations.
He confirmed that the executive regulations will enhance procedural clarity and organize beneficiaries’ journey through official channels, including the introduction of digital channels and the integration with the Real Estate Registry, electronic payment methods, and disclosure and compliance mechanisms, while improving transparency and protecting stakeholders’ rights.
The minister highlighted that the Cabinet’s approval of the geographical zones and executive regulations marks a new phase in the maturity of Saudi Arabia’s real estate market.
He added that it reflects continued efforts to build a trusted real estate ecosystem that grows sustainably, safeguards rights, improves quality of life, and strengthens the Kingdom’s position as a global destination for living, working, and investment.
