Saudi Arabia’s Real Estate General Authority (REGA) has launched “Saudi Properties” as the official platform for all real estate ownership transactions by non-Saudis within the kingdom.
The new platform comes ahead of the Non-Saudi Property Ownership Law that goes into effect in mid-January. “Saudi Properties” will enable listings of real estate opportunities, communicating with developers, submitting applications, verifying eligibility, and connecting with relevant entities.
“This will provide investors with a simple, seamless, and reliable digital journey to purchase property in the kingdom,” said REGA in a statement, adding, “The portal further seeks to enhance international confidence in the kingdom’s real estate environment, providing a trusted, safe, and user-friendly experience for investors and residents seeking property ownership. This will support market growth and help maintain the balance between supply and demand through the provision of integrated digital services with accurate and up-to-date information, enabling investors to make informed, data-driven decisions.”
