Sunday, 20 Jul 2025
  • About Us
  • Contact Us
  • Terms and Conditions
  • Privacy Policy
Subscribe
Life Care News
  • Home
  • Business
    • Business Wire
    • Globenews Wire
  • News
    NewsShow More
    Talos to Acquire Coin Metrics Creating Industry’s First Integrated Data and Investment Management Platform for Digital Assets
    Talos to Acquire Coin Metrics Creating Industry’s First Integrated Data and Investment Management Platform for Digital Assets
    20/07/2025
    Euroclear reports robust H1 2025 results
    Euroclear reports robust H1 2025 results
    19/07/2025
    Synopsys Completes Acquisition of Ansys
    Synopsys Completes Acquisition of Ansys
    19/07/2025
    Woxsen University Ranks Among India’s Top Institutions in Architecture, Design, Business, and Technology in Outlook-ICARE Rankings 2025
    Woxsen University Ranks Among India’s Top Institutions in Architecture, Design, Business, and Technology in Outlook-ICARE Rankings 2025
    18/07/2025
    GMAC Announces New Board and Member School Additions, Amplifying Focus on Expanding Talent Pipeline
    GMAC Announces New Board and Member School Additions, Amplifying Focus on Expanding Talent Pipeline
    18/07/2025
  • Tech
  • Health
  • Sports
  • Entertainment
  • Automobile
  • 🔥
  • june
  • news
  • global
  • Business
  • july
  • today
  • announced
  • Tech
  • company
  • will
Font ResizerAa
Life Care NewsLife Care News
  • Home
  • Business
  • News
  • Tech
  • Health
  • Sports
  • Entertainment
  • Automobile
Search
  • Home
  • Business
    • Business Wire
    • Globenews Wire
  • News
  • Tech
  • Health
  • Sports
  • Entertainment
  • Automobile
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Business

Al-Hogail Thanks the Leadership for the Council of Ministers’ Approval of the Updated Regulation for Non-Saudis’ Ownership of Real Estate

PRNW Agency
Last updated: 12/07/2025 5:19 PM
PRNW Agency
Share
3 Min Read
Al-Hogail Thanks the Leadership for the Council of Ministers’ Approval of the Updated Regulation for Non-Saudis’ Ownership of Real Estate
SHARE
Al-Hogail Thanks the Leadership for the Council of Ministers’ Approval of the Updated Regulation for Non-Saudis’ Ownership of Real Estate

RIYADH, Saudi Arabia, July 10, 2025 /PRNewswire/ — His Excellency Mr. Majed bin Abdullah Al-Hogail, Minister of Municipalities and Housing, and Chairman of the Real Estate General Authority (REGA), extended his sincere gratitude to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and to His Royal Highness the Crown Prince on the Council of Ministers’ approval of the updated regulation on non-Saudis’ ownership of real estate, during its session held on Tuesday, 8/07/2025.

- Advertisement -
His Excellency explained that the Council of Ministers’ approval of the updated regulation at this time is a continuation of the real estate legislative reforms aimed at developing the sector and promoting foreign direct investment. This will contribute to increasing the supply of real estate by attracting investors and real estate development companies to the Saudi market, thereby supporting efforts to achieve a more balanced real estate ecosystem.

He added that the regulation carefully considers all economic and investment aspects, and allows real estate ownership under specific ownership conditions in Makkah and Madinah.

- Advertisement -

He noted that the updated regulation permits both individuals and legal entities—including residents with legal status in the Kingdom as well as non-residents—to own real estate within Saudi Arabia, in accordance with specific regulations and conditions.

According to the updated regulation, REGA is entrusted with proposing the geographical areas in which non-Saudis may own real estate or acquire other real rights. REGA will publish the executive regulations of the updated system on the Public Consultation Platform (Istitlaa) within 180 days from the date of its publication in the Official Gazette. The regulation is scheduled to come into effect in January 2026, as stipulated. The executive regulations will outline the procedures for non-Saudis to acquire real estate rights, the requirements for enforcing the regulation’s provisions on non-Saudis, and all relevant implementation details, taking into account economic and social dimensions.

- Advertisement -

It is also worth noting that the updated regulation aligns with the provisions of the Premium Residency Law, the regulations governing real estate ownership by citizens of the Gulf Cooperation Council (GCC) member states for the purposes of residence and investment, and other applicable laws that grant non-Saudis privileges to own real estate and acquire other related rights.

- Advertisement -

View original content:https://www.prnewswire.co.uk/news-releases/al-hogail-thanks-the-leadership-for-the-council-of-ministers-approval-of-the-updated-regulation-for-non-saudis-ownership-of-real-estate-302502588.html

Lodha earns Prestigious ‘Great Place To Work’ Recognition for Exemplary Workplace Culture
WhistlePig Whiskey Welcomes New CEO Charles Gibb
Sufi Star Heer Walia Casts a Spell Over Delhi at Bonne Foi 65
The Kia EV5: an authentic SUV powering Kias electrification vision
oneworld alliance Strengthens Leadership Team With Three Key Appointments
TAGGED: for theabdullahal-hogailalhogailapprovalarabiaauthoritybinchairmanconditionscouncilcustodianestateexcellencyextendedgeneralgratitudeholyhousingjulyleadershiplegalmajedministerministers’municipalitiesnewsnon-saudis’ownershiprealregaregulationriyadhsaudisincerespecificthankstwoupdated
Share This Article
Facebook Copy Link Print
- Advertisement -

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
XFollow
PinterestPin
InstagramFollow
YoutubeSubscribe
LinkedInFollow
MediumFollow

Most Selling Products

Top Picks, Trending Now – Discover the Best Sellers!
Tecno Camon 20 Premier 5G

Tecno Camon 20 Premier 5G

Dark Welkin | 8GB RAM + 512GB Storage (Expandable RAM up to 16GB) | Industry’s 1st 50MP RGBW-Pro Camera | Segment-First 108MP Ultra-Wide Macro Lens | 6.67" 120Hz 10-bit AMOLED In-Display

iQOO Z10 Lite 5G

iQOO Z10 Lite 5G

Titanium Blue | 6GB RAM + 128GB Storage | Dimensity 6300 5G with 433K+ AnTuTu Score | Robust 6000mAh Battery | IP64 Rated + Military-Grade Shock Resistance

OnePlus 13s

OnePlus 13s

Black Velvet | 12GB RAM + 256GB Storage | Flagship Snapdragon® 8 Elite Chipset | Exceptional Battery Life in a Compact Form | Lifetime Display Warranty Included

Samsung Galaxy A55 5G

Samsung Galaxy A55 5G

Awesome Iceblue | 8GB RAM + 256GB Storage | Premium Metal Frame | 50MP OIS Main Camera with Nightography | IP67 Water & Dust Resistance | Gorilla Glass Victus+ | sAMOLED Display with Vision Booster

You Might Also Like

Vagaro Research Shows 90% of Service Professionals Face High Stress & Burnout
Business

Vagaro Research Shows 90% of Service Professionals Face High Stress & Burnout

17/07/2025
Lenovo Ranks 8th in the Gartner Supply Chain Top 25 for 2025
Business

Lenovo Ranks 8th in the Gartner Supply Chain Top 25 for 2025

23/06/2025
Ares Management Acquires Minority Stake in Plenitude for 2 Billion
Business

Ares Management Acquires Minority Stake in Plenitude for 2 Billion

23/06/2025
Sussex man to paddleboard across English Channel in daughters memory in huge charity challenge
Sports

Sussex man to paddleboard across English Channel in daughters memory in huge charity challenge

03/07/2025
Life Care News
Facebook Twitter Youtube Rss Medium

Life Care News:


We increase the awareness of millions of users through our news networks. We are one of the most trusted news networks in the world.

Top Categories
  • Home
  • Business
  • News
  • Tech
  • Health
  • Sports
  • Entertainment
  • Automobile
Usefull Links
  • About Us
  • Contact Us
  • Terms and Conditions
  • Privacy Policy
Copyright © 2015 – 2025 LifeCareNews Network. All Rights Reserved. LIFE CARE IS REGISTERED MAGAZINE IN RNI, NO.GUJGUJ/2015/71283
Life Care NewsLife Care News
Copyright © 2015 - 2025 LifeCareNews Network. All Rights Reserved. LIFE CARE IS REGISTERED MAGAZINE IN RNI, NO.GUJGUJ/2015/71283
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?