Saudi Arabia PropTech Market By Solutions (Business Intelligence, Facility Management, Portfolio Management, Real Estate Search, Asset Management, Enterprise Resource Planning, Others), By Applications (Residential (Multi Family Housing, Single Family Housing, Others), Commercial (Retail Spaces, Office Spaces, Others)), By Deployment (On-Premises, Cloud), By End Users (Housing Associations, Real E
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSaudi Arabia PropTech Market By Solutions (Business Intelligence, Facility Management, Portfolio Management, Real Estate Search, Asset Management, Enterprise Resource Planning, Others), By Applications (Residential (Multi Family Housing, Single Family Housing, Others), Commercial (Retail Spaces, Office Spaces, Others)), By Deployment (On-Premises, Cloud), By End Users (Housing Associations, Real E
Saudi Arabia Proptech Market
Increasing use of Numerous Cutting-Edge Technology-based Real Estate Solutions and services
Data-driven decision making has been given a major boost by advancements in IoT and its use cases in data collection and analysis. It is possible to automate any industrial, commercial, and residential environment so that data on water and energy use, movement and occupancy, and the health and productivity of machines may be collected and analysed. The residential segment of the Proptech business has experienced substantial expansion. Decision-makers who are interested in increasing productivity, guaranteeing health and wellbeing, and having a beneficial influence on the environment may use this data to their advantage.
In Saudi Arabia, the construction and real estate industries are fragmented, with many businesses relying on unofficial connections. Start-ups have the chance to automate this industry. Numerous strategies may be used to combat the delayed adoption of digitization. Offering short-term memberships as a starting point rather than an outright purchase is one of them. Another is providing trials and pilots to demonstrate how a product or service functions. As a result of this fast rise, the Saudi Arabia Proptech Market is growing at a rapid pace.
Saudi Arabia Proptech Market Challenges
The industry's growth of a digital and data culture presents the first obstacle. Although it might be hazardous, businesses that don't innovate eventually fail. This will stop Saudi proptech businesses from expanding and thriving. As a result, the sector will continue to lose ground in terms of growth and productivity.
Market Segments
Market Players
Major market players of
Recent Developments
In March 2022,
Darent is a property management solution for rental properties founded in 2021 by Hanin Al-Subaie that enables owners to publish their apartments on the site, linking them to tenants.
October 2022 - A technological connection agreement has been struck by Simaat, the leading real estate property management platform in Saudi Arabia, and Ejar (rent), a comprehensive system launched by the Saudi housing ministry as part of its attempts to expand the country's residential market.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | Solutions Applications Deployment End Users |
| Regional scope | Western Region, Northern & Central Region, Eastern Region, Southern Region |
| Key companies profiled | Savills Middle East, Stealth Proptech, Darent, Spaceti, Stella Stays Inc, Simaat Platform, Mabaat, |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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