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Riyadh's retail property market is a dynamic and evolving landscape, using a plethora of opportunities for smart financiers. Based upon the thorough benchmarking report, here are some crucial characteristics forming this market:

Diversity in Residential Or Commercial Property Sizes: The marketplace showcases a broad variety of residential or commercial property sizes, from massive 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 TWO. This diversity 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 out across the city. This circulation permits for a diverse investment technique, targeting different 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 habits. This growth trajectory recommends a promising future for retail investments in the region.
Quality and Standards: The chosen residential or commercial properties for the research study are noted for their high requirements and quality tenants. This aspect is important as it affects foot traffic, occupant retention, and total residential or commercial property worth.
Catchment Areas

Catchment areas are a vital aspect of retail realty, especially for shopping malls, as they directly influence the possible 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 area is the geographical location from which a mall or retail center draws its consumers. It's significant 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 location covering a remarkable 40.5% of Riyadh's population. This high portion suggests its considerable 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 essential gamer in Riyadh's retail landscape. Its significant protection demonstrates its value as a retail destination.
- Riyadh Park Mall: This shopping center has a catchment that consists of 32.1% of Riyadh's population, marking it as a significant tourist attraction in the city's retail sector.
- Captive Population: Looking much 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 indicates a strong loyal consumer 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% 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 patterns is crucial for making informed investment choices.

- Granada Center Mall: As of August 2022, this shopping center, being one of the biggest in Riyadh, reveals an occupancy rate of 64%. It is very important to keep in mind that some parts of the mall were under renovation at the time, which may have impacted this figure.
- Riyadh Park Mall: This mall, presently the largest in regards to Gross Leasable Area, has a remarkable occupancy rate of 91.2%, showing high renter retention and constant customer traffic.
- Riyadh Gallery Mall: With an occupancy rate of 93.3%, this shopping center stands as another key gamer in the market, showing a strong and stable occupant base.
- Al Nakheel Mall: This residential or commercial property, important to the Arabian Center Group, reported a tenancy rate of 82.0%, showcasing its robust standing in the market.
- Lease Rates: While particular figures for lease rates per m ² annually aren't offered each mall, the report suggests that all the shopping malls included follow a similar prices structure. This uniformity recommends a market standard, which can be an important factor for investors when assessing the possible return on financial investment.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the second biggest shopping mall in Riyadh according to the Gross Leasable Area." [Granada Center Mall]
- "Another large shopping mall in Riyadh. The occupancy is excellent 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
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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 appearance at its attributes, 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 located. It boasts an acreage of 139,118 m ², providing adequate area for a varied range of retail and home entertainment choices.
- Size and Structure: The shopping center encompasses an overall built-up area of 241,220 m two and a Gross Leasable Area (GLA) of 105,290 m TWO. This considerable size is dispersed across 3 floorings, providing a vast range of renting options.
- Leasable Area Distribution: The leasable area is divided as follows:.

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

. -This circulation permits a different mix of retail, dining, and entertainment outlets.
- Tenant Mix and Anchors: Riyadh Park Mall accommodates a significant variety of anchor stores, further boosting its appeal. The variety in its occupant mix deals with a broad spectrum of customer preferences.
- Occupancy Rates: Since August 2022, the shopping mall had a high tenancy rate of 91.2%. This is a sign of its appeal among sellers and consumers alike, recommending a steady stream of foot traffic and constant profits generation.
- Investment Appeal: Given its tactical location, sizable GLA, diverse tenant mix, and high tenancy rate, Riyadh Park Mall represents a robust investment chance. Its success factors serve as a guide for what investors must look for in prospective 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 location in Riyadh, uses important insights into the city's retail property market. Let's check out why it stands as a significant case study for possible investors:

- Prime Location: The mall is located in Dammam, Ash Shohda, Ar Rawdah, strategically positioned to bring in a large consumer 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 center's substantial leasable area is attentively dispersed over 2 floorings, boosting the shopping experience. The floor-wise circulation is as follows:.
- First Floor: 60,027 m TWO
. -Ground Floor: 42,052 m TWO
. -Tenant Diversity: The shopping center hosts a variety of renters, including regional and global brands, which accommodates a broad market, increasing its appeal as a retail destination.
- Occupancy Rate: Despite being partially under remodelling, the shopping mall preserved a 64% occupancy rate as of August 2022. This figure is likely to improve post-renovation, making it an attractive 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 restoration plans signal potential for worth appreciation, making it an attractive option 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 mall under renovation)".
Case Study 3: Al Nakheel Mall

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

- Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this shopping mall advantages from its in a populous and wealthy location of Riyadh.
- Substantial Size and Offering: The mall covers an acreage of 238,769 m two with an overall built-up area of 299,448 m two and a Gross Leasable Area (GLA) of 81,322 m TWO. This comprehensive 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 various retail and leisure experiences, attracting a large consumer base.
- Tenant Diversity: Al Nakheel Mall's renter mix consists of a series of local and international brands, bring in a varied group of shoppers and ensuring 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, integrated with its size and location, marks Al Nakheel Mall as a promising investment opportunity in the Riyadh retail market.
- Additional Considerations: The mall belongs to the Arabian Center Group, contributing to its credibility and appeal. Its large GLA and diverse renter mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.