Yes, foreign nationals are permitted to own property in Saudi Arabia under specific conditions and regulatory frameworks that have evolved significantly as part of the country's Vision 2030 economic diversification goals. Previously, foreign ownership was heavily restricted or required special government approvals, but recent reforms allow non-Saudi nationals—including expatriates residing within the Kingdom and international investors—to own real estate in designated freehold zones, economic cities, and major master-planned developments. However, ownership in holy cities like Mecca and Medina remains strictly restricted to Saudi citizens. Prospective foreign buyers must adhere to registration laws, obtain necessary licenses from regulatory authorities like the General Real Estate Authority, and ensure compliance with regional residency or investment criteria before completing any property transaction.