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Riyadh's retail property market is a vibrant and evolving landscape, offering a huge selection of chances for smart investors. Based upon the extensive benchmarking report, here are some essential characteristics shaping this market:
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Diversity in Residential Or Commercial Property Sizes: The marketplace showcases a large range of residential or commercial property sizes, from large-scale malls like Granada Center Mall with a Gross Leasable Area (GLA) of roughly 100,000 m TWO, 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 focused in a single area but are spread throughout the city. This circulation enables a diverse investment method, 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 consumer costs habits. This development trajectory suggests an appealing future for retail financial investments in the region.
Quality and Standards: The picked residential or commercial properties for the study are kept in mind for their high standards and quality renters. This aspect is important as it influences foot traffic, occupant retention, and overall residential or commercial property worth.
Catchment Areas

Catchment locations are a crucial aspect of retail genuine estate, particularly for malls, as they directly influence the prospective success of these residential or commercial properties. In Riyadh's retail landscape, comprehending these areas is vital for financiers.

Here's what the report reveals about catchment areas:

- Definition and Importance: A catchment area is the geographic location from which a mall or retail center draws its consumers. It's substantial due to the fact that it impacts foot traffic, sales capacity, and eventually, the profitability of the retail residential or commercial property.
- Granada Center Mall: This shopping mall stands apart with its catchment area covering an impressive 40.5% of Riyadh's population. This high portion shows its significant effect 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 crucial gamer in Riyadh's retail landscape. Its significant protection shows its importance as a retail destination.
- Riyadh Park Mall: This mall has a catchment that includes 32.1% of Riyadh's population, marking it as a major 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, totaling up to 23.8% of Riyadh's total population. This shows a strong loyal customer base that mainly 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 realty market, comprehending lease rates and tenancy patterns is vital for making educated financial investment decisions.

- Granada Center Mall: As of August 2022, this shopping mall, being among the largest in Riyadh, reveals a tenancy rate of 64%. It is very important to note that some parts of the shopping center were under remodelling at the time, which may have affected this figure.
- Riyadh Park Mall: This mall, presently the biggest in regards to Gross Leasable Area, has an excellent tenancy rate of 91.2%, indicating high renter retention and constant consumer traffic.
- Riyadh Gallery Mall: With an occupancy rate of 93.3%, this shopping mall stands as another crucial gamer in the market, reflecting a strong and stable occupant base.
- Al Nakheel Mall: This residential or commercial property, integral to the Arabian Center Group, reported a tenancy rate of 82.0%, showcasing its robust standing in the market.
- Lease Rates: While specific figures for lease rates per m ² each year aren't offered for each mall, the report indicates that all the shopping malls consisted of follow a comparable prices structure. This harmony recommends a market standard, which can be a vital element for financiers when examining the potential return on financial investment.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the 2nd biggest shopping mall in Riyadh as per the Gross Leasable Area." [Granada Center Mall]
- "Another large mall in Riyadh. The tenancy is really great at 93.3%." [Riyadh Gallery Mall]
- "A key 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 a successful retail investment in Riyadh's bustling market. Here's an in-depth appearance at its characteristics, making it a notable case research 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, offering ample space for a varied variety of retail and entertainment alternatives.
- Size and Structure: The mall includes a total built-up area of 241,220 m two and a Gross Leasable Area (GLA) of 105,290 m TWO. This considerable size is throughout 3 floorings, offering a vast variety of leasing choices.
- Leasable Area Distribution: The leasable location is divided as follows:.

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

. -This distribution enables a different mix of retail, dining, and entertainment outlets.
- Tenant Mix and Anchors: Riyadh Park Mall accommodates a substantial variety of anchor stores, even more boosting its appeal. The variety in its tenant mix accommodates a broad spectrum of consumer choices.
- Occupancy Rates: As of August 2022, the shopping center had a high occupancy rate of 91.2%. This is indicative of its appeal amongst retailers and customers alike, recommending a steady stream of foot traffic and constant income generation.
- Investment Appeal: Given its tactical location, sizable GLA, varied renter mix, and high occupancy rate, Riyadh Park Mall represents a robust financial investment chance. Its success elements serve as a guide for what financiers ought to search for in potential retail residential or commercial property financial 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 important insights into the city's retail realty market. Let's check out why it stands as a significant case study for potential investors:

- Prime Location: The shopping mall lies in Dammam, Ash Shohda, Ar Rawdah, tactically placed to draw in a wide customer base.
- Extensive Area: Covering an acreage of 421,330 m ², Granada Center Mall is among the biggest in Riyadh. It has a total built-up area of 318,064 m two and a Gross Leasable Area (GLA) of 102,080 m TWO
. -Leasable Area and Structure: The shopping mall's extensive leasable area is attentively dispersed over 2 floorings, improving 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 shopping center hosts a variety of occupants, consisting of regional and worldwide brands, which caters to a broad group, increasing its appeal as a retail destination.
- Occupancy Rate: Despite being partially under remodelling, the mall maintained a 64% tenancy rate since August 2022. This figure is likely to improve post-renovation, making it an attractive prospect for future growth.
- Investment Potential: Granada Center Mall's size, place, and occupant mix position it as a strong competitor in Riyadh's retail market. Its big GLA and remodelling plans signal capacity for value gratitude, making it an enticing alternative for investors.
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 TWO ".-" Gross Leasable Area: 102,080 m ² ".-" Occupancy (Aug 2022): 64% (some parts of the shopping mall under remodelling)".
Case Study 3: Al Nakheel Mall

Al Nakheel Mall, a key retail residential or commercial property in Riyadh, provides itself as an intriguing case study for financiers. Here's an in-depth expedition of its functions:

- Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this mall advantages from its position in a populated and upscale location of Riyadh.
- Substantial Size and Offering: The shopping mall covers a land location of 238,769 m two with a total built-up location of 299,448 m ² and a Gross Leasable Area (GLA) of 81,322 m TWO. This comprehensive size helps with a varied variety of retail and leisure offerings.
- Leasable Area Distribution Across Floors:.
- Second Floor: 20,767 m ²
. -First Floor: 58,463 m TWO
. Ground Floor: 2,091 m ²- This distribution caters to various retail and leisure experiences, interesting a wide customer base.
- Tenant Diversity: Al Nakheel Mall's occupant mix consists of a range of local and international brand names, bring in a diverse group of buyers and guaranteeing stable step.
- Occupancy and Investment Potential: As of August 2022, the shopping center reported an occupancy rate of 82.0%. This fairly high tenancy rate, combined with its size and location, marks Al Nakheel Mall as an appealing financial investment opportunity in the Riyadh retail market.
- Additional Considerations: The mall becomes part of the Arabian Center Group, contributing to its reliability and appeal. Its large GLA and varied renter mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.