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Add The Investor's Map To Riyadh Retail Properties

Elias Maxie 2025-06-14 19:26:27 +02:00
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<br>Riyadh's retail realty market is a vibrant and developing landscape, offering a variety of chances for savvy financiers. Based upon the detailed benchmarking report, here are some crucial characteristics forming this market:<br>
<br>Diversity in Residential Or Commercial Property Sizes: The market showcases a vast array of residential or commercial property sizes, from large-scale shopping centers like Granada Center Mall with a Gross Leasable Area (GLA) of around 100,000 m ², to smaller retail hubs like Boulevard Mall, boasting a GLA of around 8,000 m TWO. This variety caters to a broad spectrum of consumer needs and preferences.
<br>Geographical Spread: Retail residential or commercial properties in Riyadh are not focused in a single location however are spread throughout the city. This circulation permits a diverse investment approach, targeting various demographics and socio-economic sectors.
<br>Growth Prospects: The retail sector in Riyadh is growing, driven by aspects such as increasing population, urbanization, and a shift in [customer spending](https://ffrealestate.com.do) practices. This development trajectory suggests a promising future for retail financial investments in the area.
<br>Quality and Standards: The picked residential or commercial properties for the research study are noted for their high standards and quality renters. This aspect is important as it influences foot traffic, tenant retention, and total residential or commercial property worth.
<br>
Catchment Areas<br>
<br>Catchment areas are a critical element of retail property, particularly for shopping centers, as they straight influence the possible success of these residential or commercial properties. In Riyadh's retail landscape, understanding these locations is vital for financiers.<br>
<br>Here's what the report exposes about catchment areas:<br>
<br>- Definition and Importance: A catchment area is the geographical area from which a shopping mall or retail center draws its customers. It's considerable due to the fact that it affects foot traffic, sales capacity, and ultimately, the success of the retail residential or commercial [property](https://skroyalgroup.com).
<br>- Granada Center Mall: This shopping mall stands out with its catchment area covering an impressive 40.5% of Riyadh's population. This high percentage shows its considerable effect and reach within the city.
<br>- Al Nakheel Mall: With a catchment location that includes 35% of the city's population, Al Nakheel Mall is another crucial gamer in Riyadh's retail landscape. Its considerable coverage shows its [significance](https://elitehostels.co.ke) as a retail destination.
<br>- Riyadh Park Mall: This mall has a catchment that includes 32.1% of Riyadh's population, marking it as a significant attraction in the city's retail sector.
<br>- Captive Population: Looking much deeper into the numbers, Granada Center Mall has the greatest share of a captive population, totaling up to 23.8% of Riyadh's total population. This suggests a strong devoted customer base that mainly frequents this shopping center over others.
<br>
Quotation from the Report:<br>
<br>- "The Granada Center Mall covers 40.5% of the population."
<br>- "Al Nakheel Mall covers 35% of the population followed by Riyadh Park Mall with 32.1% protection."
<br>- "The Granada Center Mall has the highest share of captive population of Riyadh City with 23.8%.".
<br>
Lease Rates and Occupancy Trends<br>
<br>In the Riyadh retail genuine estate market, understanding lease rates and tenancy patterns is crucial for making educated investment decisions.<br>
<br>- Granada Center Mall: Since August 2022, this mall, being one of the biggest in Riyadh, shows a tenancy rate of 64%. It is essential to note that some parts of the shopping center were under restoration at the time, which may have impacted this figure.
<br>- Riyadh Park Mall: This shopping center, currently the biggest in regards to Gross Leasable Area, has a remarkable occupancy rate of 91.2%, suggesting high renter retention and constant consumer traffic.
<br>- Riyadh Gallery Mall: With a tenancy rate of 93.3%, this mall stands as another essential player in the market, showing a strong and steady occupant base.
<br>- 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.
<br>- Lease Rates: While particular figures for lease rates per m two annually aren't offered each mall, the report suggests that all the shopping malls included follow a comparable rates structure. This uniformity suggests a market standard, which can be an important factor for investors when examining the possible roi.
<br>
Quotation from the Report:<br>[land.com](https://www.land.com/property/Alhambra-Rd-Santa-Margarita-California-93453/21484974/)
<br>- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]<br>- "Currently the 2nd largest shopping mall in Riyadh based on the Gross Leasable Area." [Granada Center Mall]<br>- "Another large mall in Riyadh. The tenancy is excellent at 93.3%." [Riyadh Gallery Mall]<br>- "A key residential or commercial property for the Arabian Center Group (Al Hukair Group)." [Al Nakheel Mall]<br>
Investment Opportunities: Case Studies<br>
<br>Case Study 1: Riyadh Park Mall<br>
<br>Riyadh Park Mall stands as a shining example of a successful retail financial investment in Riyadh's dynamic market. Here's an in-depth take a look at its qualities, making it a notable case study:<br>
<br>- Location and Area: Situated on Alamir Mohamed Ibn [Saad Ibn](https://inmobiliariasantander.com.mx) Abdelaziz Road, Al Aqeek, Al Shimal, Riyadh Park Mall is strategically situated. It boasts an acreage of 139,118 m ², providing adequate space for a [varied variety](https://ezestate.net) of retail and entertainment options.
<br>- Size and Structure: The mall encompasses an overall built-up location of 241,220 m two and a Gross Leasable Area (GLA) of 105,290 m ². This significant size is distributed throughout 3 floors, supplying a large array of leasing alternatives.
<br>- Leasable Area Distribution: The leasable area is divided as follows:.
<br>
- First Floor: 38,499 m TWO
<br>. -Ground Floor: 63,687 m ²
<br>. -Basement: 3,103 m ²
<br>
. -This circulation allows for a varied mix of retail, dining, and entertainment outlets.
<br>
- Tenant Mix and Anchors: Riyadh Park Mall accommodates a significant number of anchor stores, further boosting its appeal. The variety in its occupant mix accommodates a broad spectrum of consumer preferences.
<br>- Occupancy Rates: Since August 2022, the shopping mall had a high occupancy rate of 91.2%. This is a sign of its popularity amongst merchants and consumers alike, suggesting a stable stream of foot traffic and constant income .
<br>- Investment Appeal: Given its tactical area, large GLA, varied renter mix, and high occupancy rate, Riyadh Park Mall represents a robust investment opportunity. Its success aspects serve as a guide for what financiers need to try to find in prospective retail residential or commercial property financial investments in Riyadh.
<br>
[Quotation](https://novavistaholdings.com) from the Report:<br>
<br>- "Address: Parcel No 418, Riyadh Park Mall, Alamir Mohamed Ibn Saad Ibn Abdelaziz Road, Al Aqeek, Al Shimal".
<br>- "Acreage: 139,118 m2".
<br>- "Total Built-up Area: 241,220 m2".
<br>- "Gross Leasable Area: 105,290 m2".
<br>- "Occupancy (Aug 2022): 91.2%".
<br>
Case Study 2: Granada Center Mall<br>[land.com](https://www.land.com/Alhambra-CA/hunting-land/)
<br>Granada Center Mall, a prominent retail destination in Riyadh, provides valuable insights into the city's retail real estate market. Let's explore why it stands as a significant case study for possible investors:<br>
<br>- Prime Location: The mall lies in Dammam, Ash Shohda, Ar Rawdah, strategically positioned to attract a wide consumer base.
<br>- 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 area of 318,064 m two and a Gross Leasable Area (GLA) of 102,080 m ²
<br>. -Leasable Area and Structure: The mall's comprehensive leasable location is attentively dispersed over 2 floors, enhancing the shopping experience. The floor-wise distribution is as follows:.
<br>
- First Floor: 60,027 m TWO
<br>. -Ground Floor: 42,052 m TWO
<br>
. -Tenant Diversity: The shopping mall hosts a variety of tenants, consisting of local and worldwide brands, which caters to a broad demographic, increasing its appeal as a retail destination.
<br>- Occupancy Rate: Despite being partly under remodelling, the shopping mall kept a 64% tenancy rate as of August 2022. This figure is most likely to improve post-renovation, making it an appealing possibility for future growth.
<br>- Investment Potential: [Granada Center](https://onshownearme.co.za) Mall's size, location, and occupant mix position it as a strong competitor in Riyadh's retail market. Its large GLA and renovation strategies signal potential for value appreciation, making it an appealing choice for investors.
<br>
Quotation from the Report:<br>
<br>- "Address: Granada Center Mall, Dammam, Ash Shohda, Ar Rawdah".
<br>- "Land Area: 421,330 m ² ".-" Total Built-up Area: 318,064 m TWO ".-" Gross Leasable Area: 102,080 m TWO ".-" Occupancy (Aug 2022): 64% (some parts of the mall under renovation)".
<br>
Case Study 3: Al Nakheel Mall<br>
<br>Al Nakheel Mall, a key retail residential or commercial property in Riyadh, presents itself as an appealing case research study for financiers. Here's a detailed expedition of its functions:<br>
<br>- Strategic Location: [Located](https://www.bgrealtylv.com) on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this shopping center gain from its position in a populous and upscale area of Riyadh.
<br>- Substantial Size and Offering: The shopping mall covers a land area of 238,769 m ² 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 assists in a diverse range of retail and leisure offerings.
<br>- Leasable Area Distribution Across Floors:.
<br>
- Second Floor: 20,767 m ²
<br>. -First Floor: 58,463 m ²
<br>
. Ground Floor: 2,091 m ²- This circulation accommodates various retail and [leisure](https://tbilproperty.com) experiences, attracting a large customer base.
<br>
- Tenant Diversity: Al Nakheel Mall's tenant mix consists of a series of local and international brand names, drawing in a diverse group of shoppers and ensuring constant step.
<br>- Occupancy and Investment Potential: As of August 2022, the mall reported a tenancy rate of 82.0%. This relatively high tenancy rate, integrated with its size and place, marks Al Nakheel Mall as an appealing financial investment chance in the Riyadh retail market.
<br>- Additional Considerations: The shopping center becomes part of the Arabian Center Group, adding to its reliability and appeal. Its large GLA and varied occupant mix position it well within the competitive landscape of Riyadh's retail [residential](https://dinarproperties.ae) or commercial properties.<br>