Riyadh's retail property market is a lively and progressing landscape, providing a wide variety of opportunities for smart investors. Based upon the detailed 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 vast array of residential or commercial property sizes, from massive shopping centers like Granada Center Mall with a Gross Leasable Area (GLA) of approximately 100,000 m TWO, to smaller retail hubs like Boulevard Mall, boasting a GLA of around 8,000 m ². This variety caters to a broad spectrum of consumer requirements and choices.
Geographical Spread: Retail residential or commercial properties in Riyadh are not focused in a single location but are spread across the city. This circulation permits a varied financial investment method, targeting different demographics and socio-economic segments.
Growth Prospects: The retail sector in Riyadh is growing, driven by aspects such as increasing population, urbanization, and a shift in customer spending practices. This growth trajectory recommends an appealing 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 occupants. This aspect is important as it influences foot traffic, occupant retention, and overall residential or commercial property value.
Catchment Areas

Catchment locations are a vital element of retail realty, particularly for shopping malls, as they straight affect the potential success of these residential or commercial properties. In Riyadh's retail landscape, understanding these locations is essential for financiers.

Here's what the report exposes about catchment areas:

and Importance: A catchment location is the geographic location from which a shopping mall or retail center draws its customers. It's considerable because it affects foot traffic, sales potential, and eventually, the profitability of the retail residential or commercial property.
- Granada Center Mall: This shopping mall stands apart with its catchment location covering a remarkable 40.5% of Riyadh's population. This high portion shows its substantial effect and reach within the city.
- Al Nakheel Mall: With a catchment area that incorporates 35% of the city's population, Al Nakheel Mall is another crucial player in Riyadh's retail landscape. Its substantial coverage shows its significance as a retail destination.
- Riyadh Park Mall: This shopping 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 greatest share of a captive population, amounting to 23.8% of Riyadh's total population. This indicates a strong loyal consumer base that mainly frequents this shopping 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 real estate market, understanding lease rates and tenancy trends is crucial for making educated investment choices.

- Granada Center Mall: Since August 2022, this shopping center, being among the largest in Riyadh, shows an occupancy rate of 64%. It is necessary to note that some parts of the mall were under restoration at the time, which might have impacted this figure.
- Riyadh Park Mall: This shopping mall, presently the largest in regards to Gross Leasable Area, has an excellent tenancy rate of 91.2%, showing high occupant retention and consistent customer traffic.
- Riyadh Gallery Mall: With a tenancy rate of 93.3%, this shopping center stands as another key player in the market, reflecting a strong and steady tenant base.
- Al Nakheel Mall: This residential or commercial property, important 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 each year aren't attended to each mall, the report shows that all the shopping centers consisted of follow a similar pricing structure. This harmony recommends a market requirement, which can be a critical factor for financiers when evaluating the prospective roi.
Quotation from the Report:
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- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the 2nd biggest mall in Riyadh as per the Gross Leasable Area." [Granada Center Mall]
- "Another large shopping center in Riyadh. The tenancy is 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 bustling market. Here's an extensive take a look at its qualities, 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 tactically situated. It boasts an acreage of 139,118 m ², using adequate area for a diverse range of retail and home entertainment choices.
- Size and Structure: The shopping mall encompasses an overall built-up location of 241,220 m two and a Gross Leasable Area (GLA) of 105,290 m TWO. This considerable size is distributed across three floorings, supplying a huge array of renting options.
- Leasable Area Distribution: The leasable area is divided as follows:.

• First Floor: 38,499 m TWO
  . -Ground Floor: 63,687 m TWO
  . -Basement: 3,103 m ²
  . -This distribution enables a varied mix of retail, dining, and home entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a significant number of anchor stores, further improving its appeal. The diversity in its renter mix accommodates a broad spectrum of customer preferences.
  - Occupancy Rates: Since August 2022, the shopping mall had a high tenancy rate of 91.2%. This is indicative of its appeal among retailers and consumers alike, suggesting a stable stream of foot traffic and constant income generation.
  - Investment Appeal: Given its strategic area, substantial GLA, varied occupant mix, and high tenancy rate, Riyadh Park Mall represents a robust investment chance. Its success elements serve as a guide for what investors need to try to find in possible 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".
  - "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, provides important insights into the city's retail property market. Let's check out why it stands as a substantial case study for prospective investors:
  
  - Prime Location: The mall is located in Dammam, Ash Shohda, Ar Rawdah, strategically positioned to attract a large customer base.
  - Extensive Area: Covering an acreage of 421,330 m ², 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
  . -Leasable Area and Structure: The shopping center's extensive leasable location is attentively dispersed over two floors, enhancing the shopping experience. The floor-wise circulation is as follows:.
  
• First Floor: 60,027 m TWO
  . -Ground Floor: 42,052 m ²
  . -Tenant Diversity: The shopping center hosts a variety of renters, including regional and worldwide brand names, which deals with a broad demographic, increasing its appeal as a retail destination.
  - Occupancy Rate: Despite being partially under remodelling, the shopping mall kept a 64% occupancy rate as of August 2022. This figure is most likely to improve post-renovation, making it an attractive prospect for future growth.
  - Investment Potential: Granada Center Mall's size, place, and tenant mix position it as a strong competitor in Riyadh's retail market. Its big GLA and renovation plans signal potential for worth gratitude, making it an appealing option for investors.
  Quotation from the Report:
  
  - "Address: Granada Center Mall, Dammam, Ash Shohda, Ar Rawdah".
  - "Acreage: 421,330 m TWO ".-" 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, an essential retail residential or commercial property in Riyadh, provides itself as an intriguing case research study for financiers. Here's a comprehensive 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 populated and affluent area of Riyadh.
  - Substantial Size and Offering: The mall covers a land area of 238,769 m ² with an overall built-up location of 299,448 m ² and a Gross Leasable Area (GLA) of 81,322 m TWO. This substantial size helps with a diverse variety of retail and leisure offerings.
  - Leasable Area Distribution Across Floors:.
  
• Second Floor: 20,767 m ²
  . -First Floor: 58,463 m ²
  . Ground Floor: 2,091 m ²- This circulation deals with various retail and leisure experiences, appealing to a large consumer base.
  
• Tenant Diversity: Al Nakheel Mall's renter mix consists of a variety of regional and global brand names, drawing in a varied group of buyers and guaranteeing consistent step.
  - Occupancy and Investment Potential: As of August 2022, the shopping center reported an occupancy rate of 82.0%. This reasonably high occupancy rate, integrated with its size and location, marks Al Nakheel Mall as a promising investment chance in the Riyadh retail market.
  - Additional Considerations: The shopping mall belongs to the Arabian Center Group, adding 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.