Saudi Arabia property
management market stood at USD7.96 billion in 2020 and is forecast to grow at a
CAGR of over 7.88% until 2026. Growth in the property management market is
driven by growth in the real estate sector, sustainable smart cities deployment
and increased demand for improved facility services.
Furthermore, the property management industry is benefiting from sustainable
smart city projects by implementing automation and enhanced data-driven technologies.
Additionally, integration of innovation, technology and upskilling in facility
services is expected to positively influence the Saudi Arabia property
management market in the coming years.
Based on deployment, the market is segmented into cloud
and on-premises. Cloud deployment is the fastest-growing segment in the Saudi
Arabia property management market and is projected to grow in the coming years
with a CAGR of over 9.69% from 2021-2026. This
is due to the increasing inclination towards the adoption of cloud services by
midsize and large organizations to store the data with high security. Cloud services in the deployment
segment are increasing at a fast pace on the account of rising adoption of
cloud services for the various end-users, including housing associations, real
estate agents, corporate occupiers, and property investors.
Based on application, the market is
segmented into commercial, industrial, and residential. The commercial segment was
the largest contributing segment by application in 2020 and the
commercial sector accounted for a revenue share of 41.17% in Saudi Arabia
property management market in 2020, and it is forecast to grow at a CAGR of
8.08% from 2021 to 2026. This is due to the
rising demand from hotels, retail outlets, malls, and office buildings in the
country, particularly in Riyadh and Jeddah. Moreover, due to the COVID-19
pandemic, people are becoming more cautious about cleaning and sanitization in
public areas, leading to the high demand for property management.
on region, Northern & Central held the largest share in Saudi Arabia property
management market in 2020. The Northern & Central regions of Saudi Arabia accounted
for the largest share of 28.65% in the Saudi Arabia property management market
owing to huge population growth, and rising investments in the commercial &
housing sector. Furthermore, tourism activities in these regions are expected
to contribute to the growth in the hotel industry, thereby creating ample
demand for property management services in the coming years. Moreover,
there are several mega projects undergoing in the northern & central
regions that include smart city projects Neom, among others which are expected
to boost the property management market in these regions.
of the major players in the Saudi Arabia property management market include Unified
Asset & Property Management (UAPM), Ray White Kingdom of Saudi Arabia (KSA), Colliers International (Saudi Arabia), Olaat
Properties Management Company, Alandalus Property Company, Property Management
and Deployment Company, SAB Constructions & Properties Company Limited, Al
Khozama Management Company, BOUALVARD Facilities Management LLC, among others.
Considered for this Report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Objective of the Study:
primary objective of the study is to understand and gain insights about Saudi
Arabia Property Management Market by value and its segmental analysis by deployment,
by end user, by application, by region from 2016-2026.
analyze historical growth in market size of Saudi Arabia Property Management
Market from 2016 to 2020.
estimate and forecast the market size of Saudi Arabia Property Management
Market from 2021 to 2026 and growth rate until 2026.
project the size of Saudi Arabia Property Management Market, in terms of End
User, Housing Associations, Real Estate Agents, Corporate Occupiers, Property
Investors and others
understand the regional market structure of Saudi Arabia Property Management Market,
which is segmented into regions, namely – Northern & Central, Southern, Eastern and Western.
identify the detailed information about the prime factors affecting the Saudi
Arabia Property Management Market.
examine competitive deployments such as new services, new entrants, government
policy and investments in the Saudi Arabia Property Management market.
strategically profile the leading players in the market which are involved in Property
Management in Saudi Arabia.
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To analyze and forecast Saudi Arabia Property Management Market,
both top-down and bottom-up approaches have been used. Multiple employees from
the leading companies have been interviewed through telephonic conversations to
extract and verify the information being collected at the source. A brief study
of the major players operating in Saudi
Arabia Property Management Market was also undertaken. Moreover, a detailed and in-depth scrutiny of
information was done to understand each policy and external or internal factor which
could increase or decrease the demand for Property management in Saudi Arabia. To extract data, primary surveys
were conducted with key players and stakeholders in the industry. The future of
major players was studied and projects which have commissioned in the country were
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Property Management service providers and
- Major end users of Property Management
services in industrial, commercial and residential segments.
- Organizations, forums and alliances related to
Property Management market.
- Government bodies such as regulating
authorities and policy makers.
- Market research and consulting firms.
The study is useful in providing answers
to several critical questions that are important for industry stakeholders such
as Property management companies, service providers, customers, policy makers
and which market segments should be targeted over the coming years (next two to
five years) in order to strategize investments and capitalize on the growth of
In this report, Saudi Arabia Property Management Market has been
segmented into the following categories in addition to the industry trends
which have also been listed below:
Saudi Arabia Property Management Market, By Component:
Saudi Arabia Property Management Market, By Deployment:
- Saudi Arabia Property Management Market, By End User:
- Housing Associations
- Real Estate Agents
- Corporate Occupiers
- Property Investors
- Saudi Arabia Property Management Market, By Application:
Saudi Arabia Property Management Market, By Region:
- Northern & Central
Company Profiles: Detailed analysis of the major
companies present in Saudi Arabia Property
With the given market data,
TechSci Research offers customizations according to a company’s specific needs.
The following customization options are available for the report:
- Detailed analysis and
profiling of additional market players (up to five).