Saudi real estate enters new phase on advanced regulations: REGA CEO

Saudi Arabia’s real estate sector is entering a new phase driven by advanced regulations, digital governance and the activation of a framework allowing non-Saudis to own property, boosting market transparency and appeal, said Abdullah Al-Hammad, CEO of Real Estate General Authority (REGA).

Writing on X, Al-Hammad said the Saudi market is ready to receive high-quality international partnerships and investments, strengthening the Kingdom’s position as a destination for long-term partnerships and sustainable, high-value growth.

He added that the momentum is expanding investment opportunities across integrated urban development projects, modern residential communities, tourism destinations, commercial and logistics centres, and other segments, supported by deep demand, accelerating growth and a diverse opportunity set.

Al-Hammad said the vision aligns with the objectives of the Future of Real Estate Forum, which is fostering broad dialogue on the sector’s outlook, showcasing opportunities, building partnerships and launching initiatives and agreements that will shape the next phase.

He noted that the General Authority for Real Estate continues to regulate and enable the market, building a fully competitive environment that enhances sector efficiency, supports value creation and improves the efficiency of both domestic and foreign investment in line with the highest standards.