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Saudi Arabia allows foreigners to own property under new law
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Saudi Arabia allows foreigners to own property under new law
Saudi Arabia has opened property ownership to non-Saudis under a new law, the Real Estate General Authority (REGA) announced. The law, which took effect Thursday, Jan. 22 (3 Sha’ban 1447 AH), applies to residents, non-residents, and foreign companies or entities in accordance with established legal procedures. Real estate ownership in Riyadh and Jeddah is permitted …
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