Saudi Arabia Proptech Market is Expected to grow at a robust CAGR of 19.09% through 2030F

The increasing Saudi Arabia Proptech market is driven by smart-city integration and urban digital innovation, artificial intelligence and big data for predictive real estate during the forecast period 2026-2030F.

According to TechSci Research report, “Saudi Arabia Proptech Market – By Region, Competition, Forecast and Opportunities, 2030F”, The Saudi Arabia Proptech Market was valued at USD 864.85 Million in 2024 and is expected to reach USD 2,489.34 Million by 2030 with a CAGR of 19.09% during the forecast period. PropTech in Saudi Arabia is increasingly intertwined with the country’s smart-city ambitions. Initiatives like NEOM, The Line, Qiddiya, and Riyadh’s Digital City are no longer peripheral; they’re becoming integrated platforms enabling urban efficiency and sustainability. NEOM alone spans 170 km and incorporates AI governance, drone delivery, air taxis, and IoT enhanced homes—signaling how deeply embedded PropTech will be in daily life. Platforms such as TraceSafe, combined with STC, are introducing wearable IoT devices into civic infrastructure, with initial phase revenues exceeding USD 5 million and participation in projects valued in the billions. Digital City in Riyadh, covering 470 acres with thousands of residential units delivered by 2019, is drawing tenants and innovators alike. These projects rely on interconnected PropTech tools—smart grids, predictive traffic systems, carbon tracking, and resource-intensive asset monitoring—blurring lines between real estate, urban planning, and digital services. Going forward, blockchain and AI will orchestrate this complexity, offering immutable transaction ledgers and predictive urban planning tools. Smart-city projects thus represent a significant trend: PropTech transitioning from isolated solutions to foundational infrastructure in concert with national development visions.

Artificial intelligence and data analytics are increasingly central to Saudi PropTech innovation. Platforms now ingest tens of thousands of data points—demographics, transaction records, energy consumption—to generate tailored insights and predictive valuations. AI systems in property management automate tenant interactions, schedule maintenance, monitor air quality, and control energy usage for improved efficiency and resident satisfaction. In smart buildings and urban planning, AI minimizes carbon footprints through automated adjustments and risk mitigation algorithms. Meanwhile, predictive analytics platforms employ machine learning to forecast price trends, rental demand, and investment returns—advancing decision-making for developers and investors. These tools are especially important in giga-projects like NEOM and The Line, where precision in resource allocation and population modeling is critical. As data availability grows—from IoT devices and public datasets—AI becomes more powerful, driving a trend toward fully data-driven PropTech solutions.

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Based on solutions, Portfolio Management is the fastest growing segment in the Saudi Arabia Proptech market during the forecast period due to the increasing complexity of real estate investments, demand for operational efficiency, and the rise of institutional and high-net-worth real estate ownership. As the Kingdom witnesses an upsurge in large-scale developments—particularly across mixed-use, commercial, and residential assets—real estate stakeholders are turning to digital portfolio management solutions to centralize data, automate performance tracking, and optimize asset allocation strategies. Vision 2030’s push for privatization, foreign investment, and REIT expansion is encouraging the diversification of property holdings, requiring advanced tools for performance monitoring, tenant coordination, and financial forecasting. PropTech-enabled portfolio management platforms allow real-time visibility into asset conditions, cash flows, and lease status—enabling faster, data-backed decision-making. This is particularly critical as institutional players increasingly manage diversified portfolios across cities like Riyadh, Jeddah, and Makkah.

Saudi Arabia’s giga-projects such as NEOM, ROSHN, and Red Sea Global, which span thousands of residential, commercial, and hospitality units, further drive the need for integrated platforms to oversee property lifecycles. Portfolio managers seek solutions that provide predictive analytics, risk assessment, and scenario modeling to improve returns and reduce inefficiencies. These platforms also help ensure ESG compliance, as sustainability reporting and carbon performance become integral to asset management strategies. Moreover, the growing number of property management companies and investment firms embracing digital transformation are actively adopting portfolio management tools to gain competitive advantages. These systems streamline leasing, maintenance scheduling, and revenue tracking under one unified interface. As regulatory bodies push for more transparency in property holdings and reporting, PropTech-enabled portfolio management is becoming a strategic imperative.

Based on region, Eastern Province is the fastest growing region in the Saudi Arabia Proptech Market during the forecast period due to its strategic economic importance, growing urbanization, and rising adoption of smart technologies across its real estate landscape. As the headquarters of major energy corporations like Saudi Aramco, the Eastern Province attracts a large influx of domestic and international talent, driving demand for smart housing, commercial spaces, and digital real estate services in cities such as Dammam, Dhahran, and Al Khobar.

Real estate development in the region is expanding rapidly, especially in residential and mixed-use projects. This surge is prompting developers and property managers to adopt PropTech solutions for efficient design, leasing, asset management, and tenant engagement. The rise of high-end gated communities, hospitality properties, and tech-integrated residential towers is accelerating the need for smart home systems, building management platforms, and AI-powered maintenance solutions. These technologies enhance both operational performance and occupant experience. In addition, government initiatives aimed at economic diversification—such as the National Industrial Development and Logistics Program (NIDLP) and industrial cities like Jubail—are spurring infrastructure investment and real estate growth in the province. Developers and investors in these projects are increasingly utilizing PropTech platforms for data analytics, project tracking, and portfolio management to optimize costs and ensure project timelines.

The Eastern Province also benefits from a tech-aware population and high internet penetration, making it easier to roll out and scale PropTech applications. The presence of business incubators and digital innovation hubs further supports PropTech startup activity and adoption. Moreover, the region's proximity to the Gulf and logistical advantages contribute to heightened foreign interest in real estate investments, fueling demand for transparency, automation, and digital property transaction solutions. Collectively, these dynamics position the Eastern Province as a major growth engine for Saudi Arabia’s PropTech market.

Key market players in the Saudi Arabia Proptech market are: -

• Zillow Group    
• Redfin
• Opendoor Technologies
• Compass
• CoStar Group
• Matterport
• WeWork
• RealPage
• Reonomy
• HqO

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“The Saudi Arabia PropTech market offers significant opportunities driven by Vision 2030’s digitalization agenda, rapid urban expansion, and increasing demand for smart city infrastructure. With large-scale developments like NEOM, Red Sea Global, and Qiddiya, there’s a growing need for AI, IoT, and cloud-based real estate solutions. Opportunities also lie in digital mortgage platforms, property management systems, and virtual property tours catering to a young, tech-savvy population. Government support for digital platforms like Absher and Sakani further promotes PropTech adoption. As foreign investments and institutional real estate holdings rise, innovative PropTech tools are becoming essential for transparency, efficiency, and portfolio optimization.Top of Form” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based Global management consulting firm.

“Saudi Arabia Proptech Market By Solutions (Business Intelligence, Facility Management, Portfolio Management, Real Estate Search, Asset Management, Enterprise Resource Planning, Others), By Type (Residential, Non-Residential), By Deployment (On-Premises, Cloud), By Region, Competition, Forecast and Opportunities, 2020-2030F,” has evaluated the future growth potential of Saudi Arabia Proptech Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia Proptech Market.

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