Smart Cities and Mega Projects Accelerate Growth of Saudi Arabia’s Property Management Software Market

The Saudi Arabian property management software market generated revenue of USD 46.7 million in 2023 and is projected to grow at a CAGR of 6.8% from 2024 to 2030, reaching USD 73.8 million by 2030. This steady expansion reflects the country’s accelerating shift toward digital property operations, driven by the need for efficient, centralized, and remote management of residential and commercial assets.

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Market growth is strongly supported by the rising adoption of software-as-a-service (SaaS) models, which enable flexible access, lower upfront costs, and streamlined updates. Property owners and managers are increasingly relying on cloud-based platforms to handle leasing, payments, maintenance, and tenant communication without physical interactions. Additionally, the growing requirement for remotely managing properties has become a critical factor as portfolios expand across multiple locations.

Government-led initiatives are also shaping market momentum. The Ministry of Municipal and Rural Affairs’ smart city initiative, launched under the National Transformation Program 2020 and Saudi Vision 2030, is transforming urban development and city management. Alongside this, large-scale construction activity across urban, transport, and utility sectors continues to fuel demand for advanced property management solutions, positioning software platforms as essential tools in Saudi Arabia’s evolving real estate ecosystem.

Key Insights

• Increasing construction activity across Saudi Arabia is significantly boosting demand for property management software, with numerous projects in ongoing, tender, and bidding phases across urban, transport, and utility sectors.
• Government-backed smart city initiatives aim to enhance urban development, sustainability, and city competitiveness, directly increasing the need for integrated digital property management platforms.
• The application of smart city concepts includes smart cameras, smart parking, smart lighting, smart waste disposal, and environmental monitoring, all of which rely on efficient software-driven property and facility management.
• Mega-projects such as NEOM, AMAALA, QIDDIYA, the Red Sea Project, Diriyah Gate, King Salman Park, Jabal Omar, and the King Abdullah Financial District are expanding the scale and complexity of property portfolios, accelerating software adoption.
• The Saudi government’s investment of USD 2 million in home maintenance startups such as B8ak, FalconViz, Ajeer, and Muqawiloon is strengthening the local ecosystem and creating additional opportunities for software vendors.
• By component, solutions accounted for over 65% of the market share in 2023, driven by the growing need for fully digital property operations and improved coordination among remotely working teams.
• Property management solutions enable systematic client management, digital payment processing, and financing workflows, reducing manual effort and operational inefficiencies.
• Services represent the faster-growing component segment, supported by increasing demand for implementation, integration, and ongoing support as software platforms become more advanced.
• Cloud-based deployment held the larger market share in 2023 and is projected to register a CAGR of 7.0% during the forecast period, reflecting preference for remote data access and scalable infrastructure.
• Cloud platforms allow enterprises to store, manage, and process critical property data on remote servers, enhancing flexibility and reducing the need for on-site IT resources.
• Property managers dominated end-user adoption with over 75% market share in 2023, as the software helps manage multiple residential and commercial properties efficiently.
• The property managers segment is also expected to grow at the highest CAGR of 7.2% during 2024–2030, supported by rising tenant expectations and lease renewal management needs.
• Housing associations and other end users are increasingly exploring software adoption to improve transparency, compliance, and operational visibility.
• A lack of skilled technical professionals capable of operating advanced property management systems remains a challenge and may restrain market growth to some extent.
• The competitive landscape is highly fragmented, with both domestic and international players focusing on product innovation and partnerships to expand market presence.
• Focus Softnet Pvt. Ltd.’s launch of ERP Focus X with AI and robotic process automation highlights the role of advanced technologies in enhancing property management efficiency.
• Strategic partnerships, such as RealPage Inc.’s collaboration with Airbnb and Measurabl Inc., demonstrate growing emphasis on affordability, ESG compliance, and integrated digital ecosystems.
• New product launches, including Lodgify’s Lite Plan with no monthly subscription fees, are expanding access to property management software for a wider range of property owners.