Saudi Arabia Property Management Market 2026

1. 2016 – 2026 SAUDI ARABIA PROPERTY MANAGEMENT MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

2. Scope of Report Product of Interest (POI): Property Management Property management is the process of managing and supervising residential, commercial, and industrial properties, including shopping centers, apartments, detached houses, among others. Property management involves administering property that another party owns. The Property Manager manages the property and produces the revenue. The market can be divided into housing associations, real estate agents, corporate occupiers, and property investors based on the end-user. Market Segmentation END USER COMPONENT Solution Year Range Housing Associations • • Service Real Estate Agents • • Corporate Occupiers Review Period • Property Investors • 2016 – 2019 DEPLOYMENT Others • Cloud • Base Year v On-Premises • 2020 APPLICATION Commercial • REGION Estimated Year Residential • Western • 2021 Industrial • Eastern • Forecast Period Northern & Central • Southern • 2022 – 2026 2

3. Table of Contents S. No. Contents Page No. T a b l e o f C o n t e n t s Introduction (A brief description of the category and product inclusions considered under the scope of the study to give clear picture to the client about the product of interest.) Research Methodology (A brief description of the category and product inclusions considered under the scope of the study to give clear picture to the client about the product of interest.) 1. 2. 3. Impact of COVID-19 on Saudi Arabia Property Management Market 4. Executive Summary (This chapter covers summary of the complete study.) 5. Voice of Customers 6. Saudi Arabia Property Management Market Outlook, 2016-2026F 6.1. Market Size & Forecast 6.1.1. By Value 6.2. Market Share & Forecast 6.2.1. By Component (Solution & Service) 6.2.2. By Deployment (Cloud, On-Premises) By End-User (Housing Associations, Real Estate Agents, Corporate Occupiers, Property Investors, Others) 6.2.3. 6.2.4. By Application (Commercial, Residential, Industrial) 6.2.5. By Region (Northern & Central, Southern, Eastern, Western) 6.2.6. By Company (2020) 6.3. Market Map 7. Saudi Arabia Property Management Solutions Market Outlook, 2016-2026F 7.1. Market Size & Forecast 3

4. Table of Contents S. No. Contents Page No. 7.1.1. By Value 7.2. Market Share & Forecast By Component (Lease Accounting and Real Estate Management, Asset Maintenance Management, Workspace and Relocation Management, Reservation Management) 7.2.1. By Deployment 7.2.2. By End User 7.2.3. By Application 7.2.4. 8. Saudi Arabia Property Management Service Market Outlook, 2016-2026F 8.1. Market Size & Forecast 8.1.1. By Value 8.2. Market Share & Forecast By Component (Hard Service & Soft Service) 8.2.1. By Deployment 8.2.2. By End User 8.2.3. By Application 8.2.4. 9. Market Dynamics (This chapter assesses the major demand drivers and restraints.) 9.1. Drivers/Opportunities 9.2. Challenges/Restraints Market Trends & Developments (This section captures recent trends pertaining to manufacturing or consumption, market movements in terms of points of production and consumption, advancements and development) 10. 4

5. Table of Contents S. No. Contents Page No. 11. Policy & Regulatory Landscape 12. Saudi Arabia Economic Profile 13. Competitive Landscape 13.1. Company Profiles 13.1.1. Company Details 13.1.2. Products & Services 13.1.3. Financials (As Reported) 13.1.4. Key Market Focus & Geographical Presence 13.1.5. Recent Developments 13.1.6. Key Management Personnel 14. Strategic Recommendations About Us & Disclaimer 15. 5

6. RESEARCH RESEARCH METHODOLOGY METHODOLOGY

7. Research Methodology Market Profiling Data Analysis Data Data Developing List of Respondents Formulating Questionnaire Collection Validation In-depth secondary research was conducted to determine top players in Saudi Arabia property management market, overall market size and segmental market size. 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 Actionable Insights ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Final Conclusion ✓ ✓ Data Filter & Analysis Business Solution Market Participants Key Strengths Research & Intelligence Data Collection ✓ 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 ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 7

8. 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 such as increasing usage of services and software for property management. 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 2019 was calculated based on information collected through exhaustive • secondary research and primary surveys, with various key opinion leaders/stakeholders, such as property management companies, distributors, suppliers, industry experts, and other industry participants. The team interviewed more than 40 – 50 property management companies, 180 – 200 end users, and 15 – 20 industry experts and other • value chain stakeholders in Saudi Arabia property management market to obtain the overall market size from 2016 to 2019, 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 during 2016-2019. 8

9. Research Methodology Respondents were asked about the current and future market growth rates, 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 supplier 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 from other stakeholders. Methodology Followed for Calculation of Market Shares: Market shares by component, by deployment, by end-user, by application, by region and by company were calculated based on the • responses received through primary surveys with industry experts, in which the respondents were asked about the market shares, trends and recent development in the Saudi Arabia property management market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in • SPSS/Tableau Software. 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 ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis ✓ 9

10. Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long- term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. Partial List of Companies Interviewed Key Secondary Sources Unified Asset & Property Management (UAPM) Property Management Industry Association ▪ ▪ Ray White Kingdom of Saudi Arabia (KSA) World Bank ▪ ▪ Colliers International (Saudi Arabia) TechSci Research Proprietary Database & Knowledge ▪ ▪ Olaat Properties Management Company Repository ▪ Property Management and Development Company Annual Reports ▪ ▪ Company Industry Reports ▪ Property Sales & Management Statista ▪ ▪ Amjal Property Development Company News Dailies ▪ ▪ Alandalus Property Company Credible Paid Databases ▪ ▪ SAB Constructions & Properties Company Limited ▪ Al Khozama Management Company ▪ 10

11. Industry Brief According to TechSci report on, “Saudi Arabia Property Management Market By Component (Solution {Lease Accounting and Real Estate Management, Asset Maintenance Management, Workspace and Relocation Management, Reservation Management} & Service {Hard Service & Soft Service}) By Deployment (Cloud, On-Premises) By End-User (Housing Associations, Real Estate Agents, Corporate Occupiers, Property Investors, Others) By Application (Commercial, Residential, Industrial) By Region, Competition Forecast & Opportunities, 2026”, Saudi Arabia property management market has shown promising growth in historical years until 2019 and is expected to continue its growth in upcoming forecast years 2021 to 2026. Saudi Arabia property management market owes its growth to the factors like rapidly evolving infrastructure. Moreover, rapidly increasing demands for the smart cities and smart services are accountable for the growth of the market in the upcoming five years. With surging demands from the end users of the services the market is bound to show robust growth in the future five years. Also, growing residential and commercial sectors are aiding the growth of the market in the next five years. The Saudi Arabia property management market is segmented by component, deployment, end-user, application, competitional landscape, and regional distribution. Based on deployment, the market is further bifurcated into cloud, and on-premises. Cloud sub-segmented accounted for the largest revenue shares of the market and assert its dominance over the market segment on the account of growing adoption of cloud services for the various end users like housing associations, real estate agents, corporate occupiers, and property investors. Scalability, ease of use, cost-effectiveness, and advanced services are added advantages that aids the growth of the Saudi Arabia property management market in the upcoming five years. Moreover, these factors are also encouraging all sizes of enterprises to shift toward cloud services and thereby supporting the growth of the market in the next five years. Based on component, the market is further segmented into solution and services. Solution segment is again differentiated into lease accounting and real estate management, asset maintenance management, workspace and relocation management, and reservation management. The lease accounting and real estate management is anticipated to dominate the market segment and generate the largest revenue shares of the market on the account of advantages offered by these solutions. Increased number of infrastructure and rapidly multiplying real estate is also aiding to the growth of the market segment and thereby driving the growth of the Saudi Arabia property management market in the next five years. Whereas the services sub-segment is differentiated into hard services and soft services. Soft services are rapidly evolving and along with the research and technological advancements in the field the market segment is bound to experience the largest growth in the upcoming five years. A partial list of market player in the Saudi Arabia property management market includes Midas International General Trading Company, Saudi Modern Factory Co., Al Sharq Furniture Est, Habitat Furniture Co Limited, Riyadh Furniture Industries Company (RFI), Saudi Arabia, Gautier Furniture, AL Rugaib Furniture, Advanced Office systems Factory Ltd Co, Jedaie Property management, Wardeh Salehiya Est., El-Ajou Group, Home Center (Retail World Limited), IKEA - Saudi Arabia, Al Abdulkader Furniture Co. Ltd., Arabian Furniture and Design Company (Hermann Miller), among others. These market players hold larger shares of the market than the new market players. With the evolving technology, it is appropriate to say that the effective research and development of the technologically advanced instruments and methods to satisfy consumer demands would support the market growth and benefit the market players as well as the consumers. New market players may focus on the research and development to provide such products and services that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments. “Property management is the developing and highly demanded services that may generate maximum revenue shares of the market. The market is expanding rapidly based on various driving factors that supports its growth in the next five years. New market players may focus on incorporating advanced technology for the efficient services and faster assimilation of the property. Rapidly increasing number of the market players would aid the growth of the market in the upcoming five years. Also, rapidly evolving infrastructure, coupled with accessibility for the collection and maintenance of the property information and escalating demand for the improved data administration would support the growth of the market in the subsequent five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 11

12. Sample Data - Snapshot Saudi Arabia Property Management Market Size, By Value (USD Million), 2016–2026F 15.00 14.00 13.00 12.00 11.00 10.00 9.00 8.00 7.00 6.00 5.00 CAGR By Value XX% 2016 2020 2016 2020 2021E 2026F CAGR By Value XX% 2021E 2026F Saudi Arabia Property Management Market Share, By Component, By Value, 2016–2026F Service 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% Solution 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F Saudi Arabia Property Management Solutions Market Share, By Component, By Value, 2016–2026F Lease Accounting and Real Estate Management Asset Maintenance Management 2026F 25% 25% 25% 25% 25% 25% 25% 25% 2024F 25% 25% 25% 25% 25% 25% 25% 25% 2022F 25% 25% 25% 25% 25% 25% 25% 25% 2020 25% 25% 25% 25% 25% 25% 25% 25% 2018 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 2016 12

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