According to a published statement, the CMA (Capital Market Authority) has allowed financial market institutions to accept contributions from non-Saudi citizens to real estate funds that invest in assets within the borders of Mecca and Medina.

The property system for citizens of other States in the Kingdom provides that they are allowed to own real estate for their own residence after obtaining a license from the Ministry of the Interior, and foreign missions are allowed to own their official headquarters, subject to obtaining a license from the Minister of Foreign Affairs.

Source of information:

http://arabnews.com