Saudi Shura Council calls for allowing foreign ownership of real estate
Published 10 Jun,2021 via Asharq Alawsat (English Edition) - The Saudi Shura Council called for allowing non-resident foreigners to own real estate in the Kingdom while coordinating with the relevant authorities to set clear controls and rules.
The Shura Council called on the Real Estate General Authority to enhance its oversight and follow up on the adherence to the rules and standards it has set for the real estate activities.
It also indicated that the Authority must coordinate with the concerned authorities to ensure real estate stability and reduce market risks.
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Asharq Alawsat