Development towards Vision 2030, Fourth industrial Revolution and Sustainable Smart City Developments to Support Real Estate Services Market
The KSA Vision targets a significant increase in the number of Riyadh residents over the next ten years, from around 7.5 million today to between 15 and 20 million by 2030. The only way to accommodate this massive increase in population in a sustainable manner is to increase density, which necessitates an increase in demand for Real Estate services in KSA. Growth in Real Estate development and thereby demand for properties is likely to enhance spending on real estate services, as buyers will become more concerned with respect to loan advisory and consulting services.
Fourth Industrial Revolution: Advances in technology, data, and artificial intelligence (AI) continue to change how buildings are designed, built, operated, and experienced, as well as client expectations of the real estate advisory capabilities that support all of this. Proptech has joined fintech as a widely used umbrella term for the resulting wave of new products and possibilities that is reshaping the entire concept of real estate services. Everything is inextricably linked to the future of work, changing workstyles, and sustainability which brings to the fifth trend.
Sustainable Smart City Developments: The KSA government is creating smart and sustainable cities to protect the environment while maintaining a perfect balance between economic and social development. With the help of automation and modern data-driven technology, Real Estate services are able to benefit from sustainable smart city projects. KSA intends to transform its cities into smart cities by including sustainability and technological integration into the buildings, which will boost the KSA Real Estate Service market throughout the forecast period.
The report titled “KSA Real Estate Services Market” by Ken Research suggested a multi bagger CAGR of 27% in revenue in real estate services market in region in the KSA next 5 years till 2026.
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Key Segments Covered
KSA Real Estate Services Market
By ProjectsGovernmentSemi GovernmentPrivateBy Commercial
OfficeIndustrialLogisticsBy RegionRiyadhJeddahDMAMakkah and MadinahOthers.By ServicesCapital MarketsProject and Development ServiceLeasingProperty and Facility ManagementAdvisory and Consulting.By IndustryResidentialHospitalityCommercialRetailHealthcareLeisureOthersKey Target Audience
Real Estate Service CompaniesFacility Management Services CompaniesReal Estate AssociationReal Estate DevelopersArchitects and Agents.Time Period Captured in the Report:
Base Year: 2021Forecast Period: 2021–2026FCompanies Covered:
ColliersCBREJLLKnight FrankCompass and others.Key Topics Covered in the Report
KSA Real Estate Services Market OverviewKSA Real Estate Services Market SizeKSA Real Estate Services Market EcosystemMarket EcosystemValue chain AnalysisDecision Making Parameters for CustomersMarket Size for KSA Real Estate ServicesMarket Segmentation for KSA Real Estate ServiceSWOT AnalysisIssues and ChallengesKey Trends in KSA Real Estate Services MarketIssues and Challenges in KSA Real Estate Services MarketCompetition FrameworkCOVID-19 ImpactFuture Outlook and ProjectionsFor More Information on the Research Report, refer to below links: –
KSA Real Estate Services Market: Ken Research
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