In a landmark shift that reflects Saudi Arabia’s Vision 2030 and enhances the Kingdom’s appeal to global investors, the Saudi government has officially announced that foreign nationals will now be permitted to own property in several key cities including Riyadh, Jeddah, and Dammam. Ownership in the holy cities of Mecca and Medina will remain subject to specific regulatory conditions. This decision marks a significant turning point for the Saudi real estate sector and is expected to catalyze major inflows of foreign capital.