Saudi’s new foreign homeownership law under spotlight at Cityscape Global

Editorial Desk The Nation
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Held under the theme ‘The Future of Urban Living’, more than 170,000 participants, over 550 industry exhibitors and 470 world-class speakers from across the globe are expected to attend Riyadh’s Cityscape Global 2025, which concludes on Thursday, November 20 and shines a spotlight on Saudi Arabia’s newly approved Foreign Homeownership Law.

The new Foreign Homeownership law will allow non-Saudi to buy properties in designated zones from 2026. This transformative policy is expected to catalyse a surge in global investment.

The five stages of Cityscape

The conference programme will include the Future of Living Summit, DnA (Developers & Architects) Stage, Innovation Arena, the Investor Programme and ESTAAD – Stadiums & Entertainment – with each offering unique insights into the future of urban living and sustainable development.

Future of Living Summit brings together ministers, mayors, billion-dollar developers, and leading investors. The programme will provide an overview of federal strategies, reveal insights into the world’s most ambitious developments, and explore the latest in AI, PropTech, and sustainable urban design.

DnA Stage is the platform connecting award-winning urban planners, top architecture firms, facility managers, and Sustainability experts with the region’s leading developers. At the Innovation Arena, interactive competitions, including the Cityscape Innovation Challenge, the Cityscape AI Prompt-a-thon and the finale of the ROSHN Hackathon, will take place.

The Investor Programme is an invite-only, year-long programme, facilitating foreign direct investment into Saudi Arabia’s real estate and infrastructure sectors. It will welcome institutional investors from over 20 countries to leverage Cityscape Global’s established brand and meet with key KSA partners, ministries and investment stakeholders.

ESTAAD will unite the entire international ecosystem behind stadiums, sports, and mega-event infrastructure, and is being held under the patronage of the Saudi Ministry of Sport. It will showcase the Kingdom’s rapid progress as a global hub for sports and entertainment, with strategic partnerships and the launch of the inaugural Sport Integrity Awards.

The 2024 edition of Cityscape Global saw US$5.3 billion in onsite property sales, participation from over 120 countries, and strategic deals that continue to drive international growth.

Rachel Sturgess, Senior Vice President at Tahaluf, commented: “Cityscape Global 2025 will be a landmark edition for the real estate industry, spotlighting the transformative power of AI, PropTech, and international collaboration. We are excited to welcome the world to Riyadh for an event that will shape the cities of tomorrow.”

Cityscape Global 2025 will feature a dedicated AI & PropTech exhibition zone, the prestigious Cityscape Innovation Challenge – with a US$100,000 worth of Proof of Concept projects up for offer – and the world’s first real estate AI Prompt-a-thon.

The event will also welcome institutional investors with over US$5 trillion in assets under management, alongside leading developers, architects, technology providers, and policymakers from more than 120 countries.

Cityscape attendees can secure prizes worth over SR11 million (US$2.93 million) in total, including a luxury villa in the Sedra Al Mashrqia project in Riyadh, from Telad, over SR7.2 million in prizes from Sakani and one of seven cars (4 Defenders, 2 Land Cruisers and a Peugeot 3008.

The event is sponsored by the Ministry of Municipalities and Housing, in partnership with REGA, Vision 2030 and Housing Program, and organised by Tahaluf. Some of the sponsors of the Cityscape Global include Diriyah Company, ROSHN Group, New Murabba, Qiddiya City, with NEOM joining as the Principal Partner, Masar as the Holistic Destination Partner, and KAFD as the Business Destination Partner.

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