The real estate sector is one of the vital sectors that plays a pivotal role in achieving the objectives of Saudi Arabia’s Vision 2030. The vision aims to develop the real estate sector by increasing investment in residential and commercial projects, diversifying the real estate offerings, and enhancing transparency and professionalism in the sector. Vision 2030 seeks to promote sustainable growth in this sector by developing integrated infrastructure, facilitating access to real estate financing, supporting housing projects, and expanding new cities, all of which contribute to improving quality of life and increasing the sector’s contribution to GDP.

The real estate sector in Saudi Arabia is governed by several laws and regulations, including the Foreign Property Ownership Law, the Rental Law, construction and urban planning laws, and real estate financing laws, which aim to protect the rights of all parties and ensure the stability of transactions. Additionally, new regulations have been issued to enhance transparency in the real estate market and stimulate investment, such as property documentation and disclosure laws.

At Al-Duaiji, Al-Buwardi & Partners, we offer a wide range of essential legal services, including consultations on real estate matters such as ownership, leasing, and real estate financing, drafting and reviewing contracts, and resolving real estate disputes that may arise between property owners and tenants.