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Saudi Arabia Property Management Market 2026

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. Click : https://bit.ly/3kLsdd9

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Saudi Arabia Property Management Market 2026

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  1. Published: December 2020 2015 – 2025 2016 – 2026 SAUDI ARABIA PROPERTY MANAGEMENT MARKET-FORECAST & OPPORTUNITIES www.techsciresearch.com www.techsciresearch.com 1 MARKET INTELLIGENCE . CONSULTING

  2. Table of Contents S. No. Contents 1. Service Overview 2. Research Methodology Executive Summary 3. 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 Property Management Market Outlook Market Size & Forecast 5.1. 5.1.1. By Value Market Share & Forecast 5.2. 5.2.1. By Component (Solution and Service) 5.2.2. By Deployment (Cloud and On Premises) By End-User (Housing Associations, Real Estate Agents, Corporate Occupiers, Property Investors and Others) 5.2.3. 5.2.4. By Application (Commercial, Industrial and Residential) 5.2.5. By Region (Northern & Central, Southern, Eastern and Western) 5.2.6. By Company (2020) 2 2 © TechSci Research

  3. Table of Contents S. No. Contents 5.3. Market Map (By Component, By Deployment, By End User, By Application and By Region) Saudi Arabia Property Management Solutions Market Outlook 6. 6.1. Market Size & Forecast 6.1.1. By Value 6.2. Market Share & Forecast By Component (Lease Accounting and Real Estate Management, Asset Maintenance Management, Workspace and Relocation Management and Reservation Management) 6.2.1. 6.2.2. By Deployment 6.2.3. By End-User 6.2.4. By Application Saudi Arabia Property Management Service Market Outlook 7. 7.1. Market Size & Forecast 7.1.1. By Value 7.2. Market Share & Forecast 7.2.1. By Component (Hard Service and Soft Service) 7.2.2. By Deployment 7.2.3. By End-User 7.2.4. By Application 3 3 © TechSci Research

  4. Table of Contents S. No. Contents 8. Market Dynamics 8.1. Drivers 8.2. Challenges 9. Market Trends and Developments 10. Policy and Regulatory Landscape 11. Saudi Arabia Economic Profile 12. Impact of COVID-19 on Saudi Arabia Property Management Market 13. Company Profiles 13.1. Unified Asset & Property Management (UAPM) 13.2. Ray White Kingdom of Saudi Arabia (KSA) 13.3. Colliers International (Saudi Arabia) 13.4. Olaat Properties Management Company 13.5. Alandalus Property Company 13.6. Property Management and Development Company 13.7 SAB Constructions & Properties Company Limited 13.8. Al Khozama Management Company 13.9. BOUALVARD Facilities Management LLC 13.10. Takamul AlOula Facility Management 13.11. Jones Lang LaSalle Saudi Arabia Limited 17. Strategic Recommendations 18. About Us & Disclaimer 4 4 © TechSci Research

  5. Service Overview

  6. Service Overview Scope of Interest: Property Management Property management is the process of managing and supervising residential, commercial, and industrial properties, including shopping centers, apartments, and detached houses, among others. It also involves the management of personal property, equipment, tooling, and physical capital assets that are acquired and used to build, repair, and maintain end item deliverables. Property management also involves administering the property owned by another party or entity. COMPONENT END USER SAUDI ARABIA PROPERTY MANAGEMENT MARKET Solution • Housing Associations • Year Range Service • Real Estate Agents • Corporate Occupiers • DEPLOYMENT Property Investors • Review Period Others • Cloud • 2016 – 2019 On-Premises • Base Year REGION 2020 APPLICATION Western • Eastern • Estimated Year Commercial • Northern & Central • Residential • 2021 Southern • Industrial • Forecast Period 2022 – 2026 6 6 © TechSci Research

  7. Research Methodology

  8. Research Methodology Data Data Analysis Data Market Profiling Developing List of Respondents Formulating Questionnaire Collection Validation In-depth secondary research was conducted to determine overall market size, segmental market size and top players Saudi Arabia property management market. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about Saudi Arabia property management market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Primary Research Desk Research Company Analysis ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Final Conclusion ✓ ✓ Market Participants Key Strengths ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Factiva Hoovers ✓ ✓ ✓ ✓ ✓ ✓ Actionable Insights Data Filter & Analysis Business Solution Data Collection Research & Intelligence ✓ ✓ ✓ ✓ ✓ 8 8 © TechSci Research

  9. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of Saudi Arabia property management market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors and projected a steady growth during the forecast period. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in Saudi Arabia property management market. Methodology Followed for Calculation of Market Size: Market Size by Value: Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as property management service providers, industry experts, etc. The team interviewed more than 20 companies, 50 industry experts and other value chain stakeholders in Saudi Arabia property management market to obtain the overall market size during 2016-2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for 2016- 2020. 9 9 © TechSci Research

  10. Research Methodology Respondents were asked about the current and future market growth rates, as well as market shares by component, by deployment, by end user, by application, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and service provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated based on the primary interview response from other stakeholders. Methodology Followed for Calculation of Market Shares: Market shares by component, deployment, end user, application, region and company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares of the leading property management service providers. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Moreover, respondents were asked about the leading companies in Saudi Arabia property management market which was validated with the revenues reported by the service providers specific to their property management segment in their annual reports, company websites and other secondary sources. 10 10 © TechSci Research

  11. Research Methodology Methodology Followed for Forecasting: TechSci Research performed logical checks on the data collected through surveys and analyzed the results. Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Saudi Arabia property management market. TechSci Research used various forecast techniques such as: Moving Average o Time Series Analysis o Regression Analysis o Econometric and Judgmental Analysis o TechSci Research used its own forecast tool, which is based on the growth of various allied industries in Saudi Arabia. TechSci Research also used impact analysis during short, medium and long term period to estimate and analyze market demand scenario. Unified Asset & Property Management, Ray White Kingdom of Saudi Arabia, Colliers International (Saudi Arabia), Olaat Properties Management Company, Property Management Partial List of Companies Interviewed and Development Company, Alandalus Property Company, SAB Constructions & Properties Company Limited, Al Khozama Management Company World Bank, TechSci Research Proprietary Database &, Knowledge Repository, Company Partial List of Secondary Sources Annual Reports , Industry Magazines, Industry Reports, Statista, News Dailies, Credible Paid Databases, IMF, MEED Projects 11 11 © TechSci Research

  12. Industry Brief According to TechSci Research report, “Saudi Arabia Property Management Market by Component (Solution and Service), By Deployment (Cloud and On Premises), By End User (Housing Associations, Real Estate Agents, Corporate Occupiers, Property Investors, Others), By Application (Commercial, Industrial, Residential), By Region, Competition Forecast & Opportunities, 2016-2026”, Saudi Arabia Property Management Market is estimated to reach USD12.89 billion in terms of value by 2026. The property management market in Saudi Arabia is profiting from sustainable smart city projects, along with the execution of automation. Saudi Arabia is methodologically adopting smart city infrastructure with the aim of integrating the latest and sustainable technologies in the built environment which in turn, is anticipated to aid the growth of Saudi Arabia Property Management Market during the forecast period. 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 very fast pace on the account of rising adoption of cloud services for the various end-users that include housing associations, real estate agents, corporate occupiers, and property investors. Based on application, the market is segmented into commercial, industrial and residential segments. 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 2021-2026. 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 situation, people are getting more aware towards cleaning and sanitization in public areas that lead to the high demand in property management. Thus, companies engaged in providing property management services in Saudi Arabia are recommended to increase their focus on the commercial sector of the country. In 2020, to prevent the spread of COVID-19, the government implemented lockdown which impacted the property management services. According to TechSci Research’s estimates, the market has come down by -9.68% in terms of value. This decline left a devaluation in the market, but the market is currently coming to a good situation and is set to overcome the decline in 2021-2022, making the shift towards the focus of all the organizations towards Clouds and On- Premises. Furthermore, the property management providers are offering end-to-end property management services to both the government as well as private sectors, helping them to work more efficiently in the key areas. Based 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. Consequently, companies operating in the property management market in Saudi Arabia are recommended to focus on Northern & Central regions to increase the market share of their business and ultimately their profits. 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 are the leading players operating in the Saudi Arabia property management market. Companies operating in the market are using organic strategies such as service advancements through addition of new features, partnerships, mergers and collaborations to boost their share in Saudi Arabia property management market. Property management is the process of managing and supervising residential, commercial, and industrial properties, including shopping centers, apartments, and detached houses, among others. Property management also involves administering the property owned by another party or entity. Carrying on of such trends and increasing knowledge about cleanliness, security and maintenance are expected to drive the Saudi Arabia Property Management Market in the coming years”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 12 12 © TechSci Research

  13. Sample Data - Snapshot Saudi Arabia Property Management Market Size, By Value (USD Billion), 2016-2026F CAGR 2021E-2026F By Value: xx% CAGR 2016-2020 By Value: xx% 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F Value (USD Billion) Saudi Arabia Property Management Market Share, By Component, By Value, 2016-2026F 2016 2017 40.00% 60.00% 2018 40.00% 60.00% 2019 40.00% 60.00% 2020 40.00% 60.00% 2021E 40.00% 60.00% 2022F 40.00% 60.00% 2023F 40.00% 60.00% 2024F 40.00% 60.00% 2025F 40.00% 60.00% 2026F 40.00% 60.00% Solution 40.00% Service 60.00% Saudi Arabia Property Management Service Market Share, By End-User, By Value, 2016-2026F 2016 50.00% 20.00% 2017 50.00% 20.00% 15.00% 10.00% 5.00% 2018 50.00% 20.00% 15.00% 10.00% 5.00% 2019 50.00% 20.00% 15.00% 10.00% 5.00% 2020 50.00% 20.00% 15.00% 10.00% 5.00% 2021E 50.00% 20.00% 15.00% 10.00% 5.00% 2022F 50.00% 20.00% 15.00% 10.00% 5.00% 2023F 50.00% 20.00% 15.00% 10.00% 5.00% 2024F 50.00% 20.00% 15.00% 10.00% 5.00% 2025F 50.00% 20.00% 15.00% 10.00% 5.00% 2026F 50.00% 20.00% 15.00% 10.00% 5.00% Corporate Occupiers Real Estate Agents Housing Associations 15.00% Property Investors Others 10.00% 5.00% 13 13 © TechSci Research

  14. Report Ordering Report Name: SAUDI ARABIA PROPERTY MANAGEMENT MARKET FORECAST & OPPORTUNITIES 2016 – 2026 License Type Single User License Price $3500 Multi-User License Custom Research License $4500 $7500 To View Sample OR Purchase Report 14 14 © TechSci Research

  15. About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports Brazil Facility Management Market, 2016-2026 US Facility Management Market, 2016-2026 • • China Facility Management Market, 2016-2026 • Canada Facility Management, 2016-2026 • Saudi Arabia Facility Management, 2016-2026 • Global Integrated Facility Management Market, 2016-2026 • TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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