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Riyadh's retail real estate market is a dynamic and evolving landscape, providing a huge selection of chances for smart investors. Based upon the comprehensive benchmarking report, here are some crucial dynamics forming this market:
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Diversity in Residential Or Commercial Property Sizes: The market showcases a wide variety of residential or commercial property sizes, from massive shopping centers like Granada Center Mall with a Gross Leasable Area (GLA) of approximately 100,000 m ², to smaller retail centers like Boulevard Mall, boasting a GLA of around 8,000 m TWO. This variety accommodates a broad spectrum of consumer requirements and choices.
Geographical Spread: Retail residential or commercial properties in Riyadh are not concentrated in a single location but are spread across the city. This circulation allows for a varied investment method, targeting different 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 spending practices. This growth trajectory suggests a promising future for retail investments in the area.
Quality and Standards: The picked residential or commercial properties for the study are kept in mind for their high standards and quality occupants. This element is important as it influences foot traffic, tenant retention, and overall residential or commercial property value.
Catchment Areas

Catchment locations are a crucial aspect of retail real estate, especially for malls, as they straight influence the potential success of these residential or commercial properties. In Riyadh's retail landscape, comprehending these areas is essential for investors.

Here's what the report reveals about catchment locations:

- Definition and Importance: A catchment area is the geographic area from which a mall or retail center draws its consumers. It's considerable since it impacts foot traffic, sales potential, and ultimately, the success of the retail residential or commercial property.
- Granada Center Mall: This mall stands apart with its catchment area covering a remarkable 40.5% of Riyadh's population. This high percentage indicates its substantial impact and reach within the city.
- Al Nakheel Mall: With a catchment location that encompasses 35% of the city's population, Al Nakheel Mall is another key gamer in Riyadh's retail landscape. Its significant protection demonstrates its significance as a retail location.
- Riyadh Park Mall: This shopping center has a catchment that consists of 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 greatest share of a captive population, amounting to 23.8% of Riyadh's overall population. This suggests a strong loyal client base that primarily frequents this shopping center 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% protection."
- "The Granada Center Mall has the highest share of captive population of Riyadh City with 23.8%.".
Lease Rates and Occupancy Trends

In the Riyadh retail property market, comprehending lease rates and tenancy trends is crucial for making informed financial investment decisions.

- Granada Center Mall: Since August 2022, this shopping center, being among the biggest in Riyadh, reveals a tenancy rate of 64%. It is necessary to note that some parts of the mall were under remodelling at the time, which may have affected this figure.
- Riyadh Park Mall: This mall, currently the biggest in terms of Gross Leasable Area, has a remarkable occupancy rate of 91.2%, showing high tenant retention and constant customer traffic.
- Riyadh Gallery Mall: With an occupancy rate of 93.3%, this shopping mall stands as another key gamer in the market, reflecting a strong and stable renter base.
- Al Nakheel Mall: This residential or commercial property, integral to the Arabian Center Group, reported a tenancy rate of 82.0%, showcasing its in the market.
- Lease Rates: While particular figures for lease rates per m two per year aren't offered each mall, the report suggests that all the malls consisted of follow a comparable prices structure. This uniformity suggests a market requirement, which can be a crucial factor for investors when evaluating 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 big shopping center in Riyadh. The occupancy is excellent at 93.3%." [Riyadh Gallery Mall]
- "A crucial 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 dynamic market. Here's an in-depth take a look at its attributes, making it a noteworthy case research study:

- Location and Area: Situated on Alamir Mohamed Ibn Saad Ibn Abdelaziz Road, Al Aqeek, Al Shimal, Riyadh Park Mall is strategically located. It boasts a land location of 139,118 m ², providing sufficient area for a varied series of retail and home entertainment options.
- Size and Structure: The mall encompasses a total built-up location of 241,220 m two and a Gross Leasable Area (GLA) of 105,290 m ². This significant size is dispersed throughout 3 floors, offering a large array of leasing alternatives.
- Leasable Area Distribution: The leasable area is divided as follows:.

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

. -This distribution enables a different mix of retail, dining, and entertainment outlets.
- Tenant Mix and Anchors: Riyadh Park Mall accommodates a significant variety of anchor stores, even more boosting its appeal. The variety in its renter mix accommodates a broad spectrum of consumer choices.
- Occupancy Rates: As of August 2022, the mall had a high occupancy rate of 91.2%. This is a sign of its appeal amongst retailers and consumers alike, recommending a steady stream of foot traffic and consistent earnings generation.
- Investment Appeal: Given its strategic location, sizable GLA, varied tenant mix, and high tenancy rate, Riyadh Park Mall represents a robust financial investment chance. Its success aspects function as a guide for what investors must search for in potential 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".
- "Land Area: 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 destination in Riyadh, provides valuable insights into the city's retail realty market. Let's check out why it stands as a considerable case study for potential investors:

- Prime Location: The mall is located in Dammam, Ash Shohda, Ar Rawdah, strategically positioned to attract a large client base.
- Extensive Area: Covering a land area of 421,330 m TWO, Granada Center Mall is one of the largest in Riyadh. It has a total built-up location of 318,064 m ² and a Gross Leasable Area (GLA) of 102,080 m ²
. -Leasable Area and Structure: The shopping mall's comprehensive leasable location is thoughtfully dispersed over two floorings, boosting the shopping experience. The floor-wise distribution is as follows:.
- First Floor: 60,027 m TWO
. -Ground Floor: 42,052 m ²
. -Tenant Diversity: The mall hosts a range of occupants, consisting of regional and international brand names, which accommodates a broad group, increasing its appeal as a retail location.
- Occupancy Rate: Despite being partly under renovation, the shopping mall maintained a 64% tenancy rate since August 2022. This figure is most likely to improve post-renovation, making it an appealing prospect for future growth.
- Investment Potential: Granada Center Mall's size, place, and tenant mix position it as a strong competitor in Riyadh's retail market. Its big GLA and renovation strategies signal potential 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 TWO ".-" Total Built-up Area: 318,064 m TWO ".-" Gross Leasable Area: 102,080 m TWO ".-" Occupancy (Aug 2022): 64% (some parts of the shopping mall under restoration)".
Case Study 3: Al Nakheel Mall

Al Nakheel Mall, a key retail residential or commercial property in Riyadh, emerges as an interesting case study for financiers. Here's a comprehensive expedition of its features:

- Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this shopping mall take advantage of its position in a populous and affluent location of Riyadh.
- Substantial Size and Offering: The mall covers an acreage of 238,769 m ² with a total built-up location of 299,448 m two and a Gross Leasable Area (GLA) of 81,322 m TWO. This extensive size assists in a diverse series of retail and leisure offerings.
- Leasable Area Distribution Across Floors:.
- Second Floor: 20,767 m TWO
. -First Floor: 58,463 m TWO
. Ground Floor: 2,091 m TWO- This circulation accommodates various retail and leisure experiences, attracting a large consumer base.
- Tenant Diversity: Al Nakheel Mall's renter mix includes a range of local and international brand names, attracting a varied group of shoppers and making sure consistent footfall.
- Occupancy and Investment Potential: As of August 2022, the mall reported an occupancy rate of 82.0%. This relatively high tenancy rate, combined with its size and location, marks Al Nakheel Mall as a promising financial investment chance in the Riyadh retail market.
- Additional Considerations: The mall belongs to the Arabian Center Group, contributing to its trustworthiness and appeal. Its large GLA and varied tenant mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.