The Investor's Map To Riyadh Retail Properties
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Riyadh's retail property market is a vibrant and progressing landscape, offering a plethora of chances for savvy financiers. Based upon the extensive benchmarking report, here are some essential dynamics forming this market:

Diversity in Residential Or Commercial Property Sizes: The market showcases a wide range of residential or commercial property sizes, from large-scale shopping centers like Granada Center Mall with a Gross Leasable Area (GLA) of approximately 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 requirements and preferences.
Geographical Spread: Retail residential or commercial properties in Riyadh are not focused in a single location but are spread out throughout the city. This distribution permits for a different investment method, targeting various demographics and socio-economic sectors.
Growth Prospects: The retail sector in Riyadh is growing, driven by aspects such as increasing population, urbanization, and a shift in consumer costs routines. This development trajectory suggests an appealing 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 requirements and quality tenants. This element is important as it influences foot traffic, occupant retention, and general residential or commercial property worth.
Catchment Areas

Catchment locations are an important aspect of retail real estate, particularly for shopping centers, as they directly influence the potential success of these residential or commercial properties. In Riyadh's retail landscape, comprehending these areas is essential for financiers.

Here's what the report exposes about catchment areas:

- Definition and Importance: A catchment location is the geographical area from which a shopping mall or retail center draws its customers. It's substantial since it affects foot traffic, sales potential, and eventually, the profitability of the retail residential or commercial property.
- Granada Center Mall: This shopping center sticks out with its catchment area covering an amazing 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 incorporates 35% of the city's population, Al Nakheel Mall is another key gamer in Riyadh's retail landscape. Its significant coverage demonstrates its importance 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, totaling up to 23.8% of Riyadh's overall population. This indicates a strong faithful 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 highest share of captive population of Riyadh City with 23.8%.".
Lease Rates and Occupancy Trends

In the Riyadh retail realty market, understanding lease rates and tenancy trends is crucial for making informed financial investment choices.

- Granada Center Mall: As of August 2022, this shopping mall, being among the largest in Riyadh, shows an occupancy rate of 64%. It is very important to note that some parts of the shopping mall 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%, suggesting high occupant retention and constant consumer traffic.
- Riyadh Gallery Mall: With an occupancy rate of 93.3%, this shopping center stands as another key player 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 an occupancy rate of 82.0%, showcasing its robust standing in the market.
- Lease Rates: While specific figures for lease rates per m two annually aren't offered each mall, the report suggests that all the malls included follow a comparable rates structure. This uniformity recommends a market requirement, which can be a crucial aspect for investors when evaluating the possible return on financial investment.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the second biggest mall in Riyadh according to the Gross Leasable Area." [Granada Center Mall]
- "Another big shopping center in Riyadh. The tenancy is very 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 a successful retail financial investment in Riyadh's dynamic market. Here's an extensive look at its characteristics, making it a noteworthy case study:

- Location and Area: Situated on Alamir Mohamed Ibn Saad Ibn Abdelaziz Road, Al Aqeek, Al Shimal, Riyadh Park Mall is tactically situated. It boasts a land area of 139,118 m TWO, offering ample space for a varied variety of retail and home entertainment choices.
- Size and Structure: The mall includes an overall built-up location of 241,220 m ² and a Gross Leasable Area (GLA) of 105,290 m TWO. This substantial size is dispersed throughout 3 floors, supplying a large selection of renting alternatives.
- Leasable Area Distribution: The leasable area is divided as follows:.

  • First Floor: 38,499 m ²
    . -Ground Floor: 63,687 m ²
    . -Basement: 3,103 m ²
    . -This distribution enables a diverse mix of retail, dining, and entertainment outlets.
  • Tenant Mix and Anchors: Riyadh Park Mall accommodates a significant number of anchor stores, even more improving its appeal. The variety in its renter mix deals with a broad spectrum of consumer preferences.
    - Occupancy Rates: As of August 2022, the shopping mall had a high tenancy rate of 91.2%. This is indicative of its appeal among sellers and consumers alike, recommending a stable stream of foot traffic and consistent revenue generation.
    - Investment Appeal: Given its tactical area, sizable GLA, varied renter mix, and high occupancy rate, Riyadh Park Mall represents a robust investment opportunity. Its success factors serve as a guide for what financiers must search for in possible 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

    Center Mall, a popular retail location in Riyadh, offers 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 shopping mall lies in Dammam, Ash Shohda, Ar Rawdah, strategically positioned to bring in a broad consumer base.
    - Extensive Area: Covering an acreage of 421,330 m ², Granada Center Mall is one of the largest 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 distributed over 2 floors, improving the shopping experience. The floor-wise circulation is as follows:.
  • First Floor: 60,027 m ²
    . -Ground Floor: 42,052 m ²
    . -Tenant Diversity: The shopping center hosts a range of tenants, including regional and worldwide brands, which deals with a broad market, increasing its appeal as a retail destination.
    - Occupancy Rate: Despite being partially under remodelling, the mall preserved a 64% occupancy rate as of August 2022. This figure is most likely to improve post-renovation, making it an attractive possibility for future growth.
    - Investment Potential: Granada Center Mall's size, location, and tenant mix position it as a strong contender in Riyadh's retail market. Its large GLA and renovation strategies signal capacity for worth appreciation, making it an attractive choice for financiers.
    Quotation from the Report:

    - "Address: Granada Center Mall, Dammam, Ash Shohda, Ar Rawdah".
    - "Land Area: 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 center under remodelling)".
    Case Study 3: Al Nakheel Mall
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    Al Nakheel Mall, a key retail residential or commercial property in Riyadh, emerges as an interesting case research study for investors. Here's an in-depth exploration of its features:

    - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this mall take advantage of its position in a populous and wealthy area of Riyadh.
    - Substantial Size and Offering: The shopping center covers a land location of 238,769 m two with an overall built-up location of 299,448 m ² and a Gross Leasable Area (GLA) of 81,322 m TWO. This extensive size facilitates a varied series 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 TWO- This distribution accommodates different retail and leisure experiences, interesting a wide consumer base.
  • Tenant Diversity: Al Nakheel Mall's tenant mix consists of a series of regional and global brand names, bring in a diverse group of shoppers and making sure consistent footfall.
    - Occupancy and Investment Potential: As of August 2022, the mall reported a tenancy rate of 82.0%. This reasonably high occupancy rate, combined with its size and place, marks Al Nakheel Mall as a promising financial investment opportunity in the Riyadh retail market.
    - Additional Considerations: The mall belongs to the Arabian Center Group, including to its reliability and appeal. Its big GLA and diverse renter mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.