Red Sea Project — Can Foreigners Buy Property?

The Red Sea Project is Saudi Arabia's luxury tourism mega-project. Here's what foreign investors need to know about buying property or investing in this development.

Overview

The Red Sea Project (now branded as Red Sea Global) is a luxury eco-tourism destination being developed across islands on Saudi Arabia’s northwest coast. Unlike NEOM, it is partially operational and has begun selling property to foreign buyers.

Foreign Ownership Status

Open. The Red Sea Project operates under a special zone framework that explicitly permits foreign property ownership. Properties sold here come with:

Freehold title for foreign buyers
Residency permit (tied to property ownership) for qualifying purchases
Special economic zone regulations distinct from standard Saudi law

Property Types Available

Luxury villas (beachfront and island)
Resort apartments
Branded residences (tied to international hotel groups)

Prices reflect the ultra-luxury positioning — entry prices are typically above SAR 3 million.

Investment Angle

Tourism upside: Saudi Arabia is targeting 150 million tourists annually by 2030. Luxury coastal resort is a clear beneficiary.
Residency link: Property ownership can provide a Saudi residency pathway — one of the few routes available to non-GCC nationals.
Early mover: The project is in early stages — early buyers may benefit from value appreciation as the destination matures.

Amaala → · NEOM → · Non-resident buying guide →

Frequently Asked Questions

Can foreigners buy property in the Red Sea Project? +

Yes — the Red Sea Project has announced that foreign buyers can purchase property. Luxury villa and resort properties have been offered for sale. This is one of the first Saudi mega-projects to actively market to international buyers.

Where is the Red Sea Project located? +

The Red Sea Project spans an archipelago of over 90 islands along Saudi Arabia's northwest Red Sea coast, approximately 500km north of Jeddah. The main hub is Shura Island.

Is the Red Sea Project open to tourists yet? +

The project partially opened in 2023. Amaala (part of the same broader initiative) is in development. Full completion is targeted for 2030.

Stay ahead of the law

Get notified when the law changes

We monitor REGA announcements so you don't have to. No spam — only real updates.

Join the community discussion → Ask questions, share experiences, and connect with other investors in our Telegram group or browse r/saudiarabia.