Saudi Vision 2030 expected to lead the Real Estate Development in the Kingdom and Buyers to Increase Spending on Real Estate Services: Ken Research

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.

For More Information on the Research Report, refer to below links: -

https://www.kenresearch.com/manufacturing-and-construction/real-estate/ksa-real-estate-service-market-outlook-to-2026/596091-97.html

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 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 Information on the Research Report, refer to below links: -

https://www.kenresearch.com/manufacturing-and-construction/real-estate/ksa-real-estate-service-market-outlook-to-2026/596091-97.html

Related Reports:-

https://www.kenresearch.com/manufacturing-and-construction/real-estate/riyadh-hospitality-market-outlook/224715-97.html

https://www.kenresearch.com/manufacturing-and-construction/real-estate/saudi-arabia-real-estate-market-outlook/286578-97.html

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This release was published on openPR.