Yes, residents are permitted to own real estate in the Kingdom of Saudi Arabia under the Law of Real Estate Ownership and Investment by Non-Saudis, issued by a Royal Decree on July 19, 2000. This law applies to several categories, including:
- A non-Saudi investor, whether a natural or corporate entity, licensed to practice any professional, vocational, or economic activity, may acquire the real estate necessary for conducting the activity. This includes the real estate required for their residence and the residence of their employees, subject to the approval of the authority issuing the license.
- Non-Saudi natural persons legally residing in the Kingdom are permitted to acquire real estate for their private residence, after obtaining permission from the Ministry of Interior.
- On the basis of reciprocity, foreign representatives approved in the Kingdom may acquire their official offices, as well as residences for their heads and staff members. Additionally, international and regional agencies, in accordance with the agreements governing them, may acquire their official headquarters, subject to obtaining permission from the Minister of Foreign Affairs.
- Possession of real estate for private residence, in cases other than the above-mentioned, may be allowed upon the approval of the Prime Minister.
- Other than by way of inheritance, a non-Saudi may not have the right to ownership, easement, or benefit of real estate located within the boundaries of the cities of Makkah al-Mukarramah or al-Madinah al-Munawwarah.
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