REGA: Saudi Property Market Draws Strong Int’l Investor Interest

Saudi Arabia’s property market is entering a new phase of openness to international capital, driven by new rules on real estate ownership by non-Saudis and the designation of geographical zones where they can buy property. The move advances the Kingdom’s push to establish itself as a global real estate investment destination as interest grows among international investors and investment funds. Government entities and several property developers are seeking to draw investors to the Saudi market through the inaugural Saudi Luxury Real Estate Show.