How Real estate Market is positioned in KSA?
Overview:
The report titled “KSA Real Estate Service Market Outlook to 2026F – Driven by Development towards Vision 2030 and Sustainable Smart City Developments” provides a comprehensive analysis on the real estate services market in KSA. The report covers various aspects such as KSA real estate services such as Market Introduction, Ecosystem, and Market Sizing, market Segmentation basis region, segmentation by services and by Industry. We have covered Industry analysis in detail specifically SWOT, Growth Drivers, Tech Innovation, Key Trends, Government Innovations, Issues and Challenges and others. Competitive landscape for Industry is covered in detail along with deep dive on understanding COVID impact analysis. The research focuses on covering future outlook and projections along with future projections for the next five years the report also includes major macroeconomic indicators.
This report helps reader to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years.
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KSA Real Estate Services Market Segmentation
The pandemic led to a slowdown in the demand for Real Estate services in the short term, which is evident by drop in 2020 by 4.5% compared to pre pandemic level. However, Post pandemic, KSA Real estate Market recovered and is growing at a faster rate than pre- pandemic level.
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KSA Real Estate Services Market is expected to grow at a much faster pace; primary reason being the adoption of such services in order to expedite the Saudi Vision 2030, a strategic framework to reduce Saudi Arabia’s dependence on oil, diversify its economy, and develop public service sectors such as health, education, infrastructure, recreation, and tourism.
Additionally, integration of innovation, technology and upskilling in facility services is expected to positively influence the Saudi Arabian Real Estate Services Market in the coming years.
By Type of Commercial:
Establishment of numerous international corporations in the Riyadh and Jeddah regions, the office or workspace solutions have gained traction among commercial real estate services solutions followed by Industrial and logistics.
By Type of Services:
Capital Markets & Project & development service contributes close to ~% of the total revenue generation in the real estate services market.
By Type of Industry:
Developments in the residential industry has been maximum in the year 2021, followed by hospitality sector which boomed after the covid due to high tourist footfall in the Makkah & medina regions (Hajj pilgrimage).
By Type of Industry:
The Commercial industry has also shown a good traction due to increase in the set-up of international companies’ corporate offices.
KSA Real estate services market Future Outlook and Projections
KSA Real Estate Services is expected to grow at a faster rate compared to CAGR of 2018-2020.
The reason being the adoption of various projects like Neom Projects, Red Sea Project etc.
It is expected to see fall in 2023, however it will bounce back its position in 2024 and grow at a faster pace in 2025.
Key Segments Covered
KSA Real Estate Services Market
- By Projects
- Government
- Semi Government
- Private
By Commercial
- Office
- Industrial
- Logistics
- By Region
- Riyadh
- Jeddah
- DMA
- Makkah and Madinah
- Others.
- By Services
- Capital Markets
- Project and Development Service
- Leasing
- Property and Facility Management
- Advisory and Consulting.
- By Industry
- Residential
- Hospitality
- Commercial
- Retail
- Healthcare
- Leisure
- Others
Key Target Audience
- Real Estate Service Companies
- Facility Management Services Companies
- Real Estate Association
- Real Estate Developers
- Architects and Agents.
Time Period Captured in the Report:
- Base Year: 2021
- Forecast Period: 2021–2026F
Companies Covered:
- Colliers
- CBRE
- JLL
- Knight Frank
- Compass and others.
Key Topics Covered in the Report
- KSA Real Estate Services Market Overview
- KSA Real Estate Services Market Size
- KSA Real Estate Services Market Ecosystem
- Market Ecosystem
- Value chain Analysis
- Decision Making Parameters for Customers
- Market Size for KSA Real Estate Services
- Market Segmentation for KSA Real Estate Service
- SWOT Analysis
- Issues and Challenges
- Key Trends in KSA Real Estate Services Market
- Issues and Challenges in KSA Real Estate Services Market
- Competition Framework
- COVID-19 Impact
- Future Outlook and Projections
For more insights on the market intelligence, refer to the link below: –
KSA Real Estate Service Market: Ken Research
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Saudi Arabia Real Estate Market
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