Saudi Arabia Condominiums and Apartments Market Report by Type (Condominiums, Apartments), and Region 2024-2032

Saudi Arabia Condominiums and Apartments Market Report by Type (Condominiums, Apartments), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A13934
Buy Now

Market Overview:

Saudi Arabia condominiums and apartments market is projected to exhibit a growth rate (CAGR) of 6.66% during 2024-2032. The rising popularity of short-to-medium-term stays among tourists and business professionals, along with the various infrastructural development projects, is primarily augmenting the market growth.

Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Growth Rate (2024-2032) 6.66%


Condominiums and apartments are both residential structures that offer individual living spaces within multi-unit buildings, but they differ fundamentally in terms of ownership and responsibility. An apartment typically refers to a rental unit where the occupant rents the space from a landlord or property management company. The tenant does not own the property and often signs a lease agreement specifying the terms of their residency. On the other hand, a condominium, often shortened to "condo," is a type of property that is individually owned. When someone buys a condo, they own the interior of their specific unit, while common areas like hallways, gardens, and amenities, like pools or gyms, are collectively owned by all condo owners in the building or complex. This collective ownership also means that condo owners often pay monthly association fees to cover the maintenance and management of these shared spaces. In essence, while both condos and apartments offer shared living arrangements within a building, they differ in the dynamics of ownership, financial responsibilities, and the relationship between residents and the property.

Saudi Arabia Condominiums and Apartments Market Trends:

The Saudi Arabia condominiums and apartments market has seen a dynamic shift in recent years, with various factors influencing its trajectory. One of the most significant drivers propelling this market is the growing number of infrastructural projects, which is catalyzing the real estate sector. Recent trends indicate a rising inclination towards modern and integrated living spaces, with an emphasis on amenities and sustainable designs, which is positively influencing the regional market. Besides this, many newly developed condominiums and apartments incorporate facilities like gyms, pools, and community centers, attracting young professionals and families in Saudi Arabia to seek a blend of luxury and convenience. Another pivotal factor is the government's push towards homeownership. Initiatives by the Saudi Ministry of Housing, such as the Sakani program, have been introduced to support citizens in owning homes, indirectly boosting interest in condominium ownership. The apartment rental market, meanwhile, is experiencing growth due to the expatriate community and internal migration trends. In essence, the Saudi Arabia condominiums and apartments market is currently characterized by rapid development, policy-driven incentives, and a changing demographic profile, all pointing towards a promising future for the market growth.

Saudi Arabia Condominiums and Apartments Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type.

Type Insights:

  • Condominiums
  • Apartments
     

A detailed breakup and analysis of the market based on the type have also been provided in the report. This includes condominiums and apartments.

Regional Insights:

  • Northern and Central Region
  • Western Region
  • Eastern Region
  • Southern Region
     

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern and Central Region, Western Region, Eastern Region, and Southern Region.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Saudi Arabia Condominiums and Apartments Market Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
  • Type
  • Region
Types Covered Condominiums, Apartments
Regions Covered Northern and Central Region, Western Region, Eastern Region, Southern Region
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

  • How has the Saudi Arabia condominiums and apartments market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the Saudi Arabia condominiums and apartments market?
  • What is the breakup of the Saudi Arabia condominiums and apartments market on the basis of type?
  • What are the various stages in the value chain of the Saudi Arabia condominiums and apartments market? 
  • What are the key driving factors and challenges in the Saudi Arabia condominiums and apartments?
  • What is the structure of the Saudi Arabia condominiums and apartments market and who are the key players?
  • What is the degree of competition in the Saudi Arabia condominiums and apartments market? 

Key Benefits for Stakeholders:

  • IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Saudi Arabia condominiums and apartments market from 2018-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the Saudi Arabia condominiums and apartments market.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Saudi Arabia condominiums and apartments industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Saudi Arabia Condominiums and Apartments Market Report by Type (Condominiums, Apartments), and Region 2024-2032
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More