Saudi Arabia
Saudi Arabia
المدينة المنورة, محافظة المدينة المنورة, منطقة المدينة المنورة, 41419, السعودية
Development Overview
PQ1 are pleased to announce we are now officially approved as official agents for Ruaamadinah (a PIF company)
Exciting developments coming to Saudi Arabia in January 2026.
A landmark shift under Vision 2030:
From January 2026, a new property law will allow foreign individuals and companies to own real estate in designated zones across the Kingdom — including key cities like Riyadh, Jeddah, Makkah, and Madinah.
Key Highlights:
- ✅ Foreign ownership permitted in selected urban zones
- ⚠️ Restrictions will remain for non-Muslims in the holy cities
- 💻 Introduction of digital fractional ownership models
- 💰 5% Real Estate Transaction Tax
- 📜 Phased rollout of licensing and zone maps still to be finalized
This reform is designed to open the Saudi property market to global investors with clearer legal frameworks and increased transparency
