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Riyadh's retail property market is a dynamic and evolving landscape, providing a huge selection of opportunities for smart investors. Based on the comprehensive benchmarking report, here are some essential dynamics shaping this market:
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Diversity in Residential Or Commercial Property Sizes: The market showcases a large range 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 ². This diversity caters to a broad spectrum of customer needs and choices.
Geographical Spread: Retail residential or commercial properties in Riyadh are not focused in a single area however are spread throughout the city. This distribution enables for a diverse investment approach, targeting different demographics and socio-economic sections.
Growth Prospects: The retail sector in Riyadh is growing, driven by factors such as increasing population, urbanization, and a shift in consumer costs practices. This development trajectory recommends a promising future for retail financial investments in the region.
Quality and Standards: The chosen residential or commercial properties for the study are noted for their high requirements and quality tenants. This aspect is important as it influences foot traffic, tenant retention, and general residential or commercial property value.
Catchment Areas

Catchment areas are a critical aspect 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 essential for financiers.

Here's what the report exposes about catchment locations:

- Definition and Importance: A catchment location is the geographical area from which a shopping mall or retail center draws its clients. It's considerable because it impacts foot traffic, sales potential, and eventually, the profitability of the retail residential or commercial property.
- Granada Center Mall: This mall sticks out with its catchment location covering an exceptional 40.5% of Riyadh's population. This high portion shows its significant impact and reach within the city.
- Al Nakheel Mall: With a catchment location that includes 35% of the city's population, Al Nakheel Mall is another essential gamer in Riyadh's retail landscape. Its considerable protection demonstrates its significance as a retail location.
- Riyadh Park Mall: This mall has a catchment that includes 32.1% of Riyadh's population, marking it as a major tourist attraction in the city's retail sector.
- Captive Population: Looking deeper into the numbers, Granada Center Mall has the highest share of a captive population, amounting to 23.8% of Riyadh's overall population. This suggests 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 greatest share of captive population of Riyadh City with 23.8%.".
Lease Rates and Occupancy Trends
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In the Riyadh retail real estate market, comprehending lease rates and occupancy trends is vital for making informed investment choices.

- Granada Center Mall: Since 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 center were under restoration at the time, which may have affected this figure.
- Riyadh Park Mall: This mall, presently the largest in terms of Gross Leasable Area, has a remarkable tenancy rate of 91.2%, indicating high tenant retention and constant consumer traffic.
- Riyadh Gallery Mall: With an occupancy rate of 93.3%, this mall stands as another crucial player in the market, showing a strong and steady tenant 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 each year aren't offered for each mall, the report indicates that all the shopping centers consisted of follow a similar rates structure. This harmony suggests a market requirement, which can be a critical aspect for financiers when examining the possible return on investment.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the second largest 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 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 bustling market. Here's an in-depth look at its characteristics, making it a notable 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 a land location of 139,118 m TWO, using adequate area for a varied range of retail and home entertainment options.
- Size and Structure: The shopping mall includes an overall built-up area of 241,220 m ² and a Gross Leasable Area (GLA) of 105,290 m ². This substantial size is distributed throughout 3 floors, providing a huge array of leasing alternatives.
- Leasable Area Distribution: The leasable location is divided as follows:.

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

. -This distribution permits a varied mix of retail, dining, and home entertainment outlets.
- Tenant Mix and Anchors: Riyadh Park Mall accommodates a considerable number of anchor shops, further improving its appeal. The diversity in its renter mix deals with a broad spectrum of consumer preferences.
- Occupancy Rates: Since August 2022, the shopping mall had a high occupancy rate of 91.2%. This is indicative of its appeal amongst retailers and consumers alike, recommending a stable stream of foot traffic and constant profits generation.
- Investment Appeal: Given its strategic place, large GLA, diverse occupant mix, and high occupancy rate, Riyadh Park Mall represents a robust investment chance. Its success factors act as a guide for what financiers ought to 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".
- "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, offers valuable insights into the city's retail property market. Let's check out why it stands as a significant case research study for investors:

- Prime Location: The shopping mall lies in Dammam, Ash Shohda, Ar Rawdah, tactically positioned to draw in a wide consumer base.
- Extensive Area: Covering a land location of 421,330 m TWO, Granada Center Mall is among the biggest in Riyadh. It has an overall built-up location of 318,064 m ² and a Gross Leasable Area (GLA) of 102,080 m TWO
. -Leasable Area and Structure: The mall's extensive leasable location is attentively distributed over 2 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 range of renters, including local and global brands, which caters to a broad group, increasing its appeal as a retail location.
- Occupancy Rate: Despite being partially under remodelling, the mall maintained a 64% occupancy rate since August 2022. This figure is most likely to improve post-renovation, making it an appealing possibility for future development.
- Investment Potential: Granada Center Mall's size, place, and occupant mix position it as a strong competitor in Riyadh's retail market. Its big GLA and renovation strategies signal potential for value gratitude, making it an appealing alternative for investors.
Quotation from the Report:

- "Address: Granada Center Mall, Dammam, Ash Shohda, Ar Rawdah".
- "Acreage: 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 shopping center under restoration)".
Case Study 3: Al Nakheel Mall

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

- Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this shopping center take advantage of its position in a populous and upscale location of Riyadh.
- Substantial Size and Offering: The shopping center covers a land area of 238,769 m two with a total built-up area of 299,448 m two and a Gross Leasable Area (GLA) of 81,322 m ². This extensive size facilitates a varied series 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 TWO- This circulation caters to various retail and leisure experiences, interesting a large consumer base.
- Tenant Diversity: Al Nakheel Mall's tenant mix includes a variety of regional and global brand names, bring in a varied group of buyers and guaranteeing consistent step.
- Occupancy and Investment Potential: As of August 2022, the shopping mall reported a tenancy rate of 82.0%. This fairly high tenancy rate, combined with its size and place, marks Al Nakheel Mall as an appealing financial 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 tenant mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.