Riyadh's retail property market is a dynamic and developing landscape, offering a wide variety of chances for smart investors. Based upon the extensive benchmarking report, here are some essential dynamics 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 approximately 100,000 m TWO, to smaller sized retail centers like Boulevard Mall, boasting a GLA of around 8,000 m ². This diversity caters to a broad spectrum of consumer needs and preferences.
Geographical Spread: Retail residential or commercial properties in Riyadh are not concentrated in a single location however are spread across the city. This circulation enables a diverse investment approach, targeting different demographics and socio-economic sectors.
Growth Prospects: The retail sector in Riyadh is growing, driven by elements such as increasing population, urbanization, and a shift in customer spending habits. This development trajectory recommends a promising future for retail financial investments in the area.
Quality and Standards: The selected residential or commercial properties for the research study are kept in mind for their high standards and quality tenants. This element is crucial as it affects foot traffic, occupant retention, and total residential or commercial property worth.
Catchment Areas

Catchment areas are an important element of retail realty, particularly for shopping 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 financiers.

Here's what the report exposes about catchment areas:

- Definition and Importance: A catchment area is the geographic area from which a mall or retail center draws its clients. It's significant because it traffic, sales capacity, and ultimately, the success of the retail residential or commercial property.
- Granada Center Mall: This mall stands out with its catchment location covering an amazing 40.5% of Riyadh's population. This high portion suggests its substantial 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 essential gamer in Riyadh's retail landscape. Its substantial coverage shows its significance as a retail destination.
- Riyadh Park Mall: This mall has a catchment that includes 32.1% of Riyadh's population, marking it as a significant tourist 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 devoted customer base that primarily 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 realty market, understanding lease rates and occupancy patterns is vital for making educated financial investment decisions.

- Granada Center Mall: Since August 2022, this shopping mall, being one of the largest in Riyadh, shows an occupancy rate of 64%. It is essential to note that some parts of the shopping center were under renovation at the time, which may have impacted this figure.
- Riyadh Park Mall: This shopping center, currently the largest in terms of Gross Leasable Area, has an excellent tenancy rate of 91.2%, showing high tenant retention and constant consumer traffic.
- Riyadh Gallery Mall: With a tenancy rate of 93.3%, this shopping center stands as another essential player 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 robust standing in the market.
- Lease Rates: While particular figures for lease rates per m ² per year aren't attended to each shopping mall, the report indicates that all the malls consisted of follow a comparable pricing structure. This harmony suggests a market standard, which can be a vital aspect for investors when evaluating the potential return on investment.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the second largest mall in Riyadh based on the Gross Leasable Area." [Granada Center Mall]
- "Another large shopping mall in Riyadh. The tenancy 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 a successful retail financial investment in Riyadh's busy market. Here's an extensive take a 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 strategically located. It boasts an acreage of 139,118 m ², offering adequate space for a diverse series of retail and entertainment choices.
- Size and Structure: The mall incorporates a total built-up location of 241,220 m two and a Gross Leasable Area (GLA) of 105,290 m ². This considerable size is dispersed across 3 floorings, providing a huge range of leasing options.
- Leasable Area Distribution: The leasable area is divided as follows:.

• First Floor: 38,499 m TWO
  . -Ground Floor: 63,687 m ²
  . -Basement: 3,103 m TWO
  . -This distribution enables a varied mix of retail, dining, and entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a considerable variety of anchor stores, even more boosting its appeal. The variety in its renter mix deals with a broad spectrum of customer choices.
  - Occupancy Rates: Since August 2022, the shopping mall had a high occupancy rate of 91.2%. This is a sign of its popularity among sellers and customers alike, suggesting a stable stream of foot traffic and consistent earnings generation.
  - Investment Appeal: Given its tactical place, sizable GLA, diverse renter mix, and high occupancy rate, Riyadh Park Mall represents a robust financial investment chance. Its success factors function as a guide for what investors ought to try to find 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".
  - "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
  
  Granada Center Mall, a prominent retail destination in Riyadh, uses important insights into the city's retail realty market. Let's check out why it stands as a substantial case research study for possible financiers:
  
  - Prime Location: The mall is located in Dammam, Ash Shohda, Ar Rawdah, strategically positioned to draw in a large client base.
  - Extensive Area: Covering an acreage of 421,330 m TWO, Granada Center Mall is one of the biggest in Riyadh. It has an overall built-up location 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 distributed over two floorings, boosting the shopping experience. The floor-wise distribution is as follows:.
  
• First Floor: 60,027 m ²
  . -Ground Floor: 42,052 m ²
  . -Tenant Diversity: The shopping mall hosts a variety of tenants, consisting of local and worldwide brand names, which caters to a broad group, increasing its appeal as a retail destination.
  - Occupancy Rate: Despite being partly under restoration, the shopping mall preserved a 64% occupancy rate since August 2022. This figure is likely to enhance post-renovation, making it an attractive possibility for future development.
  - Investment Potential: Granada Center Mall's size, area, and tenant mix position it as a strong contender in Riyadh's retail market. Its big GLA and restoration plans signal potential for value appreciation, making it an enticing alternative for financiers.
  Quotation from the Report:
  
  - "Address: Granada Center Mall, Dammam, Ash Shohda, Ar Rawdah".
  - "Land Area: 421,330 m ² ".-" Total Built-up Area: 318,064 m ² ".-" Gross Leasable Area: 102,080 m ² ".-" Occupancy (Aug 2022): 64% (some parts of the shopping center under restoration)".
  Case Study 3: Al Nakheel Mall
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  Al Nakheel Mall, an essential retail residential or commercial property in Riyadh, emerges as an appealing case study for financiers. Here's a detailed expedition of its functions:
  
  - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this mall take advantage of its position in a populated and wealthy area of Riyadh.
  - Substantial Size and Offering: The shopping mall covers a land location 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 extensive size helps with a varied variety 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 ²- This circulation accommodates different retail and leisure experiences, appealing to a large consumer base.
  
• Tenant Diversity: Al Nakheel Mall's tenant mix includes a variety of regional and international brands, drawing in a diverse group of shoppers and guaranteeing stable footfall.
  - Occupancy and Investment Potential: Since August 2022, the mall reported an occupancy rate of 82.0%. This fairly high occupancy rate, integrated with its size and area, marks Al Nakheel Mall as an appealing investment chance in the Riyadh retail market.
  - Additional Considerations: The shopping mall becomes part of the Arabian Center Group, contributing to its trustworthiness and appeal. Its big GLA and varied renter mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.