March 28, 2026
Methodology About Contact
Mukaab Properties
The Vanderbilt Terminal for Mukaab Real Estate Investment Intelligence
INVESTMENT ANALYSIS · PROPERTY MARKETS · OWNERSHIP INTELLIGENCE · DEVELOPMENT TRACKING
New Murabba Investment: $50B | Residential Units: 104,000 | Riyadh Rental Yield: 8.89% | Office Occupancy: 98% | GDP Contribution: SAR 180B | Jobs Target: 334,000 | Saudi REITs: 19 Listed | RHQ Relocations: 780+ | New Murabba Investment: $50B | Residential Units: 104,000 | Riyadh Rental Yield: 8.89% | Office Occupancy: 98% | GDP Contribution: SAR 180B | Jobs Target: 334,000 | Saudi REITs: 19 Listed | RHQ Relocations: 780+ |

REGA — General Real Estate Authority and Foreign Ownership Oversight

General Real Estate Authority

The General Real Estate Authority (REGA) is Saudi Arabia’s primary regulator for the real estate sector, responsible for implementing the landmark Law of Real Estate Ownership and Investment by Non-Saudis that took effect on January 22, 2026. REGA’s role encompasses designated zone administration, foreign property ownership registration, and market transparency initiatives.

Foreign Ownership Law Implementation

REGA structured the January 2026 foreign ownership law around four distinct ownership types: traditional property (homes, land, or farms in approved zones), mega-project access (including New Murabba), special economic zones, and digital fractional ownership. This framework provides multiple pathways for international investors to access Saudi real estate, with each pathway carrying specific eligibility requirements, transaction fees, and registration obligations.

The Designated Zone model — where foreign ownership is permitted only in specific geographic areas defined by the Council of Ministers in coordination with REGA — is the cornerstone of the framework. The Geographic Scope Document detailing which areas qualify was expected in Q1 2026. New Murabba, given its strategic importance and PIF backing, is widely expected to be designated.

Saudi Properties Digital Platform

REGA launched the Saudi Properties digital platform as the centralized gateway for foreign property ownership registration. All foreign property acquisitions must be registered through this platform. Unregistered ownership is not legally recognized by Saudi courts, making platform registration a prerequisite for property rights enforcement.

The platform allows residents with a Saudi residency permit to apply directly for property ownership registration online. For non-residents, the process requires coordination with REGA and the Ministry of Investment (MISA).

A transaction fee of up to 5 percent of property value applies to foreign ownership, with specific fee schedules defined in the executive regulations. This fee represents a meaningful transaction cost that investors must factor into ROI calculations.

REGA coordinates with the Capital Market Authority on REIT-related real estate ownership and with MISA on foreign company registration. Our foreign ownership guide maps the practical workflow. Our dashboards track regulatory implementation milestones.

Institutional Access

Coming Soon