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Short answer

Trump Tower in Jeddah, Saudi Arabia

· Oleg Svyatenko, RERA broker

Trump Tower is coming to Jeddah. The building itself is less interesting than what it signals about where the Saudi property market is going.

Why this matters more than the tower

Saudi Arabia has been progressively opening its property market to foreign buyers as part of the broader Vision 2030 programme, and international branded residences are one of the visible markers of that. A US-branded tower on the Jeddah waterfront is a signal that the regulatory groundwork has moved far enough for that kind of capital.

For a Gulf property investor, the relevant question is not whether the tower is good. It is whether Saudi becomes a market you should have exposure to before the pricing reflects it — the same question Dubai posed twenty years ago and Ras Al Khaimah posed two years ago.

The honest answer today: the rules are still moving. Foreign ownership rights in Saudi are narrower and newer than in the UAE, and the resale market is effectively untested. That is the definition of early, with everything good and bad that implies.

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Frequently asked

Can foreigners buy property in Saudi Arabia?

Increasingly, but within a narrower and newer framework than the UAE. Foreign ownership has been progressively opened under Vision 2030, with specific rules by location and buyer status. Take local legal advice — this is not a market where you can apply Dubai assumptions.

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