Saudi Arabia to Open Property Market to Foreign Buyers From January

Accor to open Sofitel Jabal Omar Makkah in 2026

Accor has announced the signing of a landmark property in Makkah, Saudi Arabia. The Sofitel Jabal Omar Makkah, set to open in 2026, will be the largest Sofitel property globally, boasting 1,141 rooms and suites. Located in Makkah, within walking distance of the holy mosque, this hotel promises to be a significant addition to the city’s hospitality landscape, said a statement. Maud Bailly, CEO Sofitel Legend, Sofitel, MGallery & Emblems said, “We…

Saudi Arabia to Open Property Market to Foreign Buyers From January

Saudi Arabia is moving ahead with major reforms that will allow foreign nationals to purchase a wide spectrum of real estate beginning in January. According to a senior official with the Real Estate General Authority, non-Saudis would be able to purchase residential, commercial, agricultural, and industrial properties, as well as land for development.  Foreigner buying zones in Riyadh, Jeddah, Mecca, and Madinah are now being finalised and will …