Riyadh's retail realty market is a vibrant and developing landscape, offering a plethora of opportunities for savvy investors. Based on the thorough benchmarking report, here are some key dynamics forming this market:

Diversity in Residential Or Commercial Property Sizes: The marketplace showcases a vast array of residential or commercial property sizes, from large-scale shopping malls like Granada Center Mall with a Gross Leasable Area (GLA) of around 100,000 m TWO, to smaller retail hubs like Boulevard Mall, boasting a GLA of around 8,000 m ². This diversity caters to a broad spectrum of customer needs and preferences.
Geographical Spread: Retail residential or commercial properties in Riyadh are not concentrated in a single location but are spread out across the city. This circulation enables for a varied financial investment approach, targeting various demographics and socio-economic sections.
Growth Prospects: The retail sector in Riyadh is growing, driven by factors such as increasing population, urbanization, and a shift in customer costs habits. This development trajectory suggests a promising future for retail investments in the area.
Quality and Standards: The chosen residential or commercial properties for the research study are noted for their high standards and quality renters. This element is important as it affects foot traffic, tenant retention, and overall residential or commercial property value.
Catchment Areas

Catchment areas are an important element of retail property, particularly for malls, as they directly influence the potential success of these residential or commercial properties. In Riyadh's retail landscape, comprehending these areas is necessary for investors.

Here's what the report exposes about catchment locations:

- Definition and Importance: A catchment location is the geographic location from which a shopping center or retail center draws its customers. It's significant because it impacts foot traffic, sales capacity, and ultimately, the success of the retail residential or commercial property.
- Granada Center Mall: This shopping mall stands out with its catchment location covering a remarkable 40.5% of Riyadh's population. This high portion suggests its significant effect and reach within the city.
- Al Nakheel Mall: With a catchment area that incorporates 35% of the city's population, Al Nakheel Mall is another essential gamer in Riyadh's retail landscape. Its considerable protection shows its significance as a retail destination.
- Riyadh Park Mall: This shopping mall has a catchment that includes 32.1% of Riyadh's population, marking it as a significant attraction in the city's retail sector.
- Captive Population: Looking deeper into the numbers, Granada Center Mall has the highest share of a captive population, amounting to 23.8% of Riyadh's total population. This indicates a strong faithful customer base that predominantly frequents this mall over others.
Quotation from the Report:

- "The Granada Center Mall covers 40.5% of the population."
- "Al Nakheel Mall covers 35% of the population followed by Riyadh Park Mall with 32.1% coverage."
- "The Granada Center Mall has the greatest share of captive population of Riyadh City with 23.8%.".
Lease Rates and Occupancy Trends

In the Riyadh retail real estate market, comprehending lease rates and tenancy patterns is important for making informed investment choices.

- Granada Center Mall: As of August 2022, this shopping center, being among the largest in Riyadh, shows a tenancy rate of 64%. It's essential to note that some parts of the shopping center were under restoration at the time, which may have impacted this figure.
- Riyadh Park Mall: This shopping mall, currently the largest in regards to Gross Leasable Area, has a remarkable occupancy rate of 91.2%, indicating high renter retention and constant customer traffic.
- Riyadh Gallery Mall: With an occupancy rate of 93.3%, this mall stands as another key player in the market, reflecting a strong and steady tenant base.
- Al Nakheel Mall: This residential or commercial property, integral to the Arabian Center Group, reported an occupancy rate of 82.0%, showcasing its robust standing in the market.
- Lease Rates: While particular figures for lease rates per m two annually aren't offered each shopping mall, the report indicates that all the shopping malls included follow a similar pricing structure. This uniformity suggests a market requirement, which can be a critical element for investors when assessing the possible roi.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the second biggest shopping center in Riyadh according to the Gross Leasable Area." [Granada Center Mall]
- "Another large shopping center in Riyadh. The occupancy is great at 93.3%." [Riyadh Gallery Mall]
- "An essential residential or commercial property for the Arabian Center Group (Al Hukair Group)." [Al Nakheel Mall]
Investment Opportunities: Case Studies

Case Study 1: Riyadh Park Mall

Riyadh Park Mall stands as a shining example of an effective retail investment in Riyadh's bustling market. Here's a thorough take a look at its qualities, making it a notable case study:

- Location and Area: Situated on Alamir Mohamed Ibn Saad Ibn Abdelaziz Road, Al Aqeek, Al Shimal, Riyadh Park Mall is strategically situated. It boasts a land area of 139,118 m ², using ample space for a varied series of retail and entertainment choices.
- Size and Structure: The shopping center includes a total built-up location of 241,220 m two and a Gross Leasable Area (GLA) of 105,290 m ². This considerable size is dispersed across three floorings, supplying a huge range of leasing choices.
- Leasable Area Distribution: The leasable location is divided as follows:.

• First Floor: 38,499 m TWO
  . -Ground Floor: 63,687 m ²
  . -Basement: 3,103 m TWO

. -This distribution permits a different mix of retail, dining, and home entertainment outlets.
- Tenant Mix and Anchors: Riyadh Park Mall accommodates a substantial number of anchor shops, further enhancing its appeal. The variety in its occupant mix accommodates a broad spectrum of customer choices.
- Occupancy Rates: Since August 2022, the shopping center had a high occupancy rate of 91.2%. This is indicative of its appeal among retailers and customers alike, recommending a stable stream of foot traffic and constant profits generation.
- Investment Appeal: Given its tactical location, large GLA, varied renter mix, and high occupancy rate, Riyadh Park Mall represents a robust financial investment chance. Its success aspects act as a guide for what investors need to search for in prospective retail residential or commercial property investments in Riyadh.
Quotation from the Report:

- "Address: Parcel No 418, Riyadh Park Mall, Alamir Mohamed Ibn Saad Ibn Abdelaziz Road, Al Aqeek, Al Shimal".
- "Acreage: 139,118 m2".
- "Total Built-up Area: 241,220 m2".
- "Gross Leasable Area: 105,290 m2".
- "Occupancy (Aug 2022): 91.2%".
Case Study 2: Granada Center Mall

Granada Center Mall, a popular retail location in Riyadh, uses valuable insights into the city's retail property market. Let's check out why it stands as a substantial case study for potential financiers:

- Prime Location: The mall is located in Dammam, Ash Shohda, Ar Rawdah, tactically placed to bring in a broad consumer base.
- Extensive Area: Covering an acreage of 421,330 m TWO, Granada Center Mall is among the biggest in Riyadh. It has an overall built-up location of 318,064 m two and a Gross Leasable Area (GLA) of 102,080 m TWO
. -Leasable Area and Structure: The shopping center's substantial leasable location is thoughtfully distributed over 2 floorings, boosting the shopping experience. The is as follows:.
- First Floor: 60,027 m TWO
. -Ground Floor: 42,052 m ²
. -Tenant Diversity: The mall hosts a variety of renters, consisting of regional and global brand names, which accommodates a broad market, increasing its appeal as a retail destination.
- Occupancy Rate: Despite being partly under renovation, the mall kept a 64% occupancy rate as of August 2022. This figure is likely to improve post-renovation, making it an appealing prospect for future development.
- Investment Potential: Granada Center Mall's size, place, and occupant mix position it as a strong contender in Riyadh's retail market. Its large GLA and remodelling strategies signal capacity for worth appreciation, making it an enticing choice for financiers.
Quotation from the Report:

- "Address: Granada Center Mall, Dammam, Ash Shohda, Ar Rawdah".
- "Acreage: 421,330 m ² ".-" Total Built-up Area: 318,064 m ² ".-" Gross Leasable Area: 102,080 m ² ".-" Occupancy (Aug 2022): 64% (some parts of the mall under restoration)".
Case Study 3: Al Nakheel Mall

Al Nakheel Mall, a crucial retail residential or commercial property in Riyadh, emerges as an intriguing case research study for financiers. Here's an in-depth expedition of its features:

- Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this shopping mall gain from its position in a populous and upscale area of Riyadh.
- Substantial Size and Offering: The mall covers an acreage of 238,769 m ² with a total built-up area of 299,448 m two and a Gross Leasable Area (GLA) of 81,322 m TWO. This substantial size helps with a diverse range of retail and leisure offerings.
- Leasable Area Distribution Across Floors:.
- Second Floor: 20,767 m TWO
. -First Floor: 58,463 m ²
. Ground Floor: 2,091 m ²- This circulation deals with different retail and leisure experiences, appealing to a wide consumer base.
- Tenant Diversity: Al Nakheel Mall's tenant mix consists of a series of regional and global brand names, drawing in a varied group of consumers and making sure stable footfall.
- Occupancy and Investment Potential: Since August 2022, the shopping mall reported an occupancy rate of 82.0%. This relatively high tenancy rate, integrated with its size and location, marks Al Nakheel Mall as a promising financial investment opportunity in the Riyadh retail market.
- Additional Considerations: The shopping center becomes part of the Arabian Center Group, including to its trustworthiness and appeal. Its large GLA and varied occupant mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.