Foreign nationals and international corporations are permitted to own real estate and land in Saudi Arabia under structured regulatory frameworks governed by the Law of Real Estate Ownership by Non-Saudis. Foreign residents holding valid residency permits (Iqamas) can acquire residential property for personal use within designated zones, while non-resident foreign investors and companies can purchase real estate in approved investment areas subject to specific Capital Market Authority and regulatory approvals. Real estate acquisitions in the holy cities of Makkah and Madinah remain strictly subject to specialized legal restrictions.