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.
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Key Segments Covered
KSA Real Estate Services Market
- By Projects
- Semi Government
- By Region
- Makkah and Madinah
- By Services
- Capital Markets
- Project and Development Service
- Property and Facility Management
- Advisory and Consulting.
- By Industry
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
- 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 Information on the Research Report, refer to below links: –
Saudi Arabia Real Estate Market Outlook to 2025 – By Retail Real Estate Market (Super-Regional Malls, Regional Malls and Community Centre), By Hotel Real Estate Market (3 Star, 4 Star, 5 Star and Other Hotels), By Office Real Estate (Premium Offices Grade A and Grade B) and Residential Real Estate Market (Apartment, Villas, Traditional Houses and Others)