Saudi Arabia Property Management Market stood at USD8.59 billion in 2021 and is forecast to grow at a CAGR of over 7.02% until 2027 owning to the shift of oil-based economy to digital & commercial economy. Moreover, the objectives of Vision 2030 are expected to open many opportunities for the growth of the property management market in the country.

Growth in Real Estate Sector

Saudi Arabia's property management industry is mostly driven by the country's growing real estate sector. The Property Management sector in Saudi Arabia is being driven by strong and stable economic conditions, as well as liberal government programs such as Saudi Vision 2030, which focuses on the development of country's infrastructure. In addition, several significant projects in Saudi Arabia such as Neom, Qiddiya entertainment city, the Red Sea Tourism Project among others are anticipated to increase the demand for property management services in the forecast period in Saudi Arabia. The digital transformation in the kingdom also has the potential of new and highly sophisticated cybercrimes. To overcome this, the country is expected to invest in a more robust and advanced Property Management system. Moreover, the Saudi government is initiating a variety of infrastructure development master plans that will primarily expand the number of commercial and residential facilities around the kingdom, resulting in a plethora of opportunities for property management companies. Some of the city's megaprojects will expand the potential market for Saudi Arabia property management companies if they participate in the master plan's envisioning stage.

Sustainable Smart City Developments

Saudi Arabia's government is working towards construction of smart and sustainable cities to protect the environment and maintain a perfect balance between economic and social development. The property management industry gains from sustainable smart city projects as it utilizes automation and modern data-driven technology for providing property management services. Saudi Arabia intends to transform its cities into smart cities by including sustainability and technological integration into the buildings, which will boost the Saudi Arabia property management market throughout the forecast period.  Saudi Arabia supports the use of environmentally friendly solutions to cut energy consumption and reduce greenhouse gas emissions to ensure the country's long-term development. As a result, the country is concentrating on creating green structures. Green buildings are structures and processes that are environmentally friendly and resource efficient throughout a building's life cycle, from design to construction to operation, maintenance, renovation, and demolition. Property management professionals in Saudi Arabia are well-equipped and capable of ensuring the long-term viability of existing structures. This can lead to a building gaining green building certification at the same time.

Growing Technological Advancement in Property Management

Many corporates are choosing for automated building management systems such as BIM (Building Information Modelling) software, which is realizing increased deployment in the real estate market, because of emerging technical innovations in property management. These administrative tools are designed to help establish and pursue virtual building operations models. The use of the Integrated Workplace Management System (IWMS) to manage real estate assets is also expected to boost the Saudi Arabia property management market. Workplaces in Saudi Arabia have seen a rise in demand for the IWMS. By managing real estate portfolios, maximizing capital projects, enhancing property use, and reducing energy and other operating costs, the system attempts to improve the operational, environmental, and financial performance of facilities. Furthermore, the growing use of cloud computing and government mandates for technical developments in the Saudi Arabia property management market are driving up demand for IWMS.


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Market Segmentation

Based on component, the market can be segmented into Solution & Service. Based on deployment, the market can be divided into Cloud & On-Premises. Based on end user, the market is segmented into Housing Associations, Real Estate Agents, Corporate Occupiers, Property Investors & Others. Based on application, the market can be segmented into Commercial, Residential & Industrial. Finally, regionally the market is sub categorized into Northern & Central, Western, Eastern & Southern.

Company Profiles

Unified Asset & Property Management (UAPM), Ray White International Kingdom of Saudi Arabia, Colliers International (Saudi Arabia), Olaat Properties Management Company, Alandalus Property Company, Property Management and Development Company, SAB Constructions & Properties Company Limited, Al Khozama Management Company, Boualvard Facilities Management LLC, Takamul AlOula Facility Management, Jones Lang LaSalle Saudi Arabia Limited, Century21 Saudi, In4Velocity Systems Private Limited, PropertyNet (KnowledgeNet Group), SolutionDots Systems Ltd., Yardi Systems, Inc., RMS Cloud are among the major market players in the global platform that lead the market growth of the Saudi Arabia Property Management market.

Attribute

Details

Market size value in 2021

USD 8.59 Billion

Revenue Forecast in 2027

USD 13.26 Billion

Growth Rate

7.02%

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Billion, and CAGR for 2017-2021 and 2022E-2027F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Component

·         Deployment

·         End User

·         Application

·         Region

Regional Scope

Northern & Central; Western; Eastern; Southern

Key Companies Profiled

Unified Asset & Property Management (UAPM), Ray White International Kingdom of Saudi Arabia, Colliers International (Saudi Arabia), Olaat Properties Management Company, Alandalus Property Company, Property Management and Development Company, SAB Constructions & Properties Company Limited, Al Khozama Management Company, Boualvard Facilities Management LLC, Takamul AlOula Facility Management, Jones Lang LaSalle Saudi Arabia Limited, Century21 Saudi, In4Velocity Systems Private Limited, PropertyNet (KnowledgeNet Group), SolutionDots Systems Ltd., Yardi Systems, Inc., RMS Cloud

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, the Saudi Arabia Property Management Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Saudi Arabia Property Management Market, By Component:
    • Solution

o   Service

·         Saudi Arabia Property Management Market, By Deployment:

    • On-Premises

o   Cloud

·         Saudi Arabia Property Management Market, By End User:

o   Corporate Occupiers

o   Real Estate Agents

o   Housing Associations

o   Property Investors

    • Others
  • Saudi Arabia Property Management Market, By Application:

o   Commercial

o   Industrial

    • Residential
  • Saudi Arabia Property Management Market, By Region:

o   Northern & Central

o   Western

o   Eastern

o   Southern

Competitive Landscape:

Company Profiles: Detailed analysis of the major companies present in the Saudi Arabia Property Management Market.

Available Customizations:

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:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.             Service Overview

2              Research Methodology

3              Executive Summary

4              Voice of Customer

4.1.         Overall Brand Satisfaction Level

4.2.         Brand Satisfaction Level wrt Availability

4.3.         Brand Satisfaction Level wrt Mode of Distribution

4.4.         Brand Satisfaction Level wrt Pricing

4.5.         Brand Satisfaction Level wrt Sales Service

5              Saudi Arabia Facility Management Market Outlook

6              Saudi Arabia Property Management Market Outlook

6.1.         Porter's Five force Analysis

6.2.         Market Size & Forecast

6.2.1.     By Value

6.3.         Market Share & Forecast

6.3.1.     By Component (Solution and Service)

6.3.2.     By Deployment (Cloud and On Premises)

6.3.3.     By End-User (Housing Associations, Real Estate Agents, Corporate Occupiers, Property Investors and Others)

6.3.4.     By Application (Commercial, Industrial and Residential)

6.3.5.     By Region (Northern & Central, Southern, Eastern and Western)

6.3.6.     By Company (2021)

6.4.         Market Map (By Component, By Deployment, By End User, By Application and By     Region)

7              Saudi Arabia Property Management Solutions Market Outlook

7.1.         Market Size & Forecast

7.1.1.     By Value

7.2.         Market Share & Forecast

7.2.1.     By Component (Lease Accounting and Real Estate Management, Asset Maintenance, Management, Workspace and Relocation Management and Reservation Management)

7.2.2.     By Deployment

7.2.3.     By End-User

7.2.4.     By Application

8              Saudi Arabia Property Management Service Market Outlook

8.1.         Market Size & Forecast

8.1.1.     By Value

8.2.         Market Share & Forecast

8.2.1.     By Component (Hard Service and Soft Service)

8.2.2.     By Deployment

8.2.3.     By End-User

8.2.4.     By Application

9              Market Dynamics

9.1.         Drivers

9.2.         Challenges

10           Market Trends and Developments

11           Policy and Regulatory Landscape

12           Saudi Arabia Economic Profile

13           Impact of COVID-19 on Saudi Arabia Property Management Market

14           Company Profiles

14.1.      Unified Asset & Property Management (UAPM)

14.2.      Ray White International Kingdom of Saudi Arabia

14.3.      Colliers International (Saudi Arabia)

14.4.      Olaat Properties Management Company

14.5.      Alandalus Property Company

14.6.      Property Management and Development Company

14.7        SAB Constructions & Properties Company Limited

14.8.      Al Khozama Management Company

14.9.      Boualvard Facilities Management LLC

14.10.    Takamul AlOula Facility Management

14.11.    Jones Lang LaSalle Saudi Arabia Limited

14.12.    Century21 Saudi

14.13.    In4 Velocity Systems Private Limited

14.14.    PropertyNet (KnowledgeNet Group)

14.15.    SolutionDots Systems Ltd.

14.16.    Yardi Systems, Inc.

14.17.    RMS Cloud

15           Strategic Recommendations

16           About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]
  • Figure 1:  Saudi Arabia Facility Management Market Size, By Value (USD Billion), 2017-2027F         

    Figure 2:  Saudi Arabia Property Management Market Size, By Value (USD Billion), 2017-2027F     

    Figure 3:  Saudi Arabia Property Management Market Share, By Component, By Value, 2017-2027F

    Figure 4:  Saudi Arabia Property Management Market Share, By Deployment, By Value, 2017-2027F

    Figure 5:  Saudi Arabia Property Management Market Share, By End-User, By Value, 2017-2027F

    Figure 6:  Saudi Arabia Property Management Market Share, By Application, By Value, 2017-2027F

    Figure 7:  Saudi Arabia Property Management Market Share, By Region, By Value, 2017-2027F     

    Figure 8:  Saudi Arabia Property Management Market Share, By Company, By Value, 2021             

    Figure 9:  Saudi Arabia Property Management Market Map, By Component, Market Size (USD Billion) & Growth Rate (%)                 

    Figure 10: Saudi Arabia Property Management Market Map, By Deployment, Market Size (USD Billion) & Growth Rate (%)            

    Figure 11: Saudi Arabia Property Management Market Map, By End-User, Market Size (USD Billion) & Growth Rate (%)                   

    Figure 12: Saudi Arabia Property Management Market Map, By Application, Market Size (USD Billion) & Growth Rate (%)                 

    Figure 13: Saudi Arabia Property Management Market Map, By Region, Market Size (USD Billion) & Growth Rate (%)                   

    Figure 14: Saudi Arabia Property Management Solutions Market Size, By Value (USD Billion), 2017-2027F

    Figure 15: Saudi Arabia Property Management Solutions Market Share, By Component, By Value, 2017-2027F      

    Figure 16: Saudi Arabia Property Management Solutions Market Share, By Deployment, By Value, 2017-2027F     

    Figure 17: Saudi Arabia Property Management Solutions Market Share, By End-User, By Value, 2017-2027F            

    Figure 18: Saudi Arabia Property Management Solutions Market Share, By Application, By Value, 2017-2027F        

    Figure 19: Saudi Arabia Property Management Service Market Size, By Value (USD Billion), 2017-2027F    

    Figure 20: Saudi Arabia Property Management Service Market Share, By Component, By Value, 2017-2027F           

    Figure 21: Saudi Arabia Property Management Service Market Share, By Deployment, By Value, 2017-2027F         

    Figure 22: Saudi Arabia Property Management Service Market Share, By End-User, By Value, 2017-2027F

    Figure 23: Saudi Arabia Property Management Service Market Share, By Application, By Value, 2017-2027F            

     

    Table 1:          Upcoming Mega Projects in Saudi Arabia                                    

    Table 2: Saudi Arabia Building Permits, 2010-2020