Saudi Arabia Grants 99-Year Property Rights to Foreigners

Saudi Arabia has announced that foreign nationals holding Premium Residency status can enjoy usufruct rights over real estate in Mecca and Medina for a period of up to 99 years. This development is significant due to the religious and cultural importance of these cities, which have strict regulations regarding land ownership for foreigners.

A usufruct right allows individuals to use and benefit from a property without full ownership. The rights are transferable under conditions set by the Board, meaning they can be passed on to others.

This privilege is exclusive to Premium Residency holders, excluding standard residents and visitors. The Ministry of Justice and the Ministry of Investment will establish the procedures for obtaining a formal usufruct deed from a notary public.

The Premium Residency program was introduced as part of broader reforms aimed at attracting high-value foreign talent and investment into Saudi Arabia, marking a notable shift in the historically regulated property landscape of Mecca and Medina.