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Saudi Arabia’s Cabinet Approves Law to Allow Non Saudis to Own Property From 2026
Saudi Arabia's Cabinet has approved a new law that will permit non-Saudis to own real estate in designated zones, including Riyadh and Jeddah, starting from January 2026.
The Suadi Boom
July 16, 2025
Welcome to The Saudi Boom. The No.1 Business Site & Newsletter in Saudi Arabia. Discover The Latest Developments and Opportunities in The Kingdom of Saudi Arabia.
LATEST NEWS
In Today’s Edition:
Saudi Arabia’s Cabinet Approves Law to Allow Non Saudis to Own Property From 2026
Saudi Arabia’s Lucid Air Sets World Record with 1,205 km Drive on Single Charge
Aman Group Reveals Plans for Amansamar Resort and Residence in Wadi Safar, Diriyah
Red Sea Global on Track to Open 11 New Resorts and AMAALA by Early Next Year
REAL ESTATE
✨Saudi Arabia’s Cabinet Approves Law to Allow Non Saudis to Own Property From 2026
Saudi Arabia's Cabinet has approved a new law that will permit non-Saudis to own real estate in designated zones, including Riyadh and Jeddah, starting from January 2026.
Key Takeaways:
The new law will come into effect in January 2026.
Non-Saudis will be allowed to purchase property in specific geographic areas, primarily in Riyadh and Jeddah.
Ownership in the holy cities of Mecca and Medina will be subject to additional regulatory conditions due to their religious significance.
Saudi Arabia is set to open its real estate market to foreign ownership in designated areas from January 2026, a landmark decision approved by the Cabinet. Read more
EVS
✨Saudi Arabia’s Lucid Air Sets World Record with 1,205 km Drive on Single Charge
Saudi Arabia's Lucid Air Grand Touring electric vehicle has set a new Guinness World Record by driving an astonishing 1,205 kilometers on a single charge, showcasing Lucid Motors' leadership in EV innovation.
Key Takeaways:
The Lucid Air Grand Touring covered 1,205 kilometers on a single charge, breaking the previous record by 160 kilometers.
The record-setting drive took place from St. Moritz, Switzerland, to Munich, Germany.
Lucid Motors is backed by Saudi investment, and this record reinforces its technological edge in the electric vehicle market.
The Lucid Air Grand Touring's new world record for the longest distance driven on a single charge solidifies Lucid Motors' position as a frontrunner in electric vehicle technology. Read more
HOSPITALITY
✨Aman Group Reveals Plans for Amansamar Resort and Residence in Wadi Safar, Diriyah
Aman Group has unveiled plans for Amansamar, an ultra-luxury resort and residential development in Wadi Safar, near Diriyah's UNESCO World Heritage Site in Saudi Arabia.
Key Takeaways:
Project Name: Amansamar, combining Sanskrit and Arabic terms for peace and community.
Location: Wadi Safar, near Diriyah, a UNESCO World Heritage Site in Saudi Arabia.
Offerings: The development will include an 80-key hotel and 5 to 6-bedroom branded residences.
Aman Group's Amansamar development in Wadi Safar, Diriyah, is set to introduce an unparalleled level of luxury resort and residential living to Saudi Arabia. Read more
RED SEA GLOBAL
✨Red Sea Global on Track to Open 11 New Resorts and AMAALA by Early Next Year
Red Sea Global is on track to open 11 new resorts and the ambitious AMAALA destination by early next year, marking a significant expansion of Saudi Arabia's luxury tourism offerings.
Key Takeaways:
Red Sea Global plans to open 11 new resorts and the AMAALA destination by early next year, bringing the total number of resorts to 25.
This initiative is projected to attract 1.5 million visitors annually, create 120,000 jobs, and contribute over $3 billion annually.
AMAALA, an ultra-luxury wellness destination on the northwestern coast, will see its first phase (Triple Bay masterplan) open in 2025 with 8 resorts.
Red Sea Global is rapidly expanding Saudi Arabia's luxury tourism landscape with the impending opening of 11 new resorts and the AMAALA destination. Read more
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