Riyadh's retail property market is a lively and progressing landscape, using a wide variety of opportunities for smart investors. Based upon the comprehensive benchmarking report, here are some key dynamics shaping this market:
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Diversity in Residential Or Commercial Property Sizes: The market showcases a broad range of residential or commercial property sizes, from massive shopping malls like Granada Center Mall with a Gross Leasable Area (GLA) of roughly 100,000 m ², to smaller sized retail centers like Boulevard Mall, boasting a GLA of around 8,000 m ². This variety deals with a broad spectrum of customer needs and preferences.
Geographical Spread: Retail residential or commercial properties in Riyadh are not focused in a single area however are spread out across the city. This circulation enables a diverse investment technique, 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 customer spending routines. This development trajectory recommends a promising future for retail financial investments in the region.
Quality and Standards: The picked residential or commercial properties for the research study are noted for their high requirements and quality tenants. This aspect is vital as it affects foot traffic, renter retention, and total residential or commercial property worth.
Catchment Areas

Catchment locations are a critical aspect of retail genuine estate, especially for malls, as they directly influence the potential success of these residential or commercial properties. In Riyadh's retail landscape, comprehending these areas is essential for investors.

Here's what the report reveals about catchment areas:

- Definition and Importance: A catchment area is the geographical area from which a mall or retail center draws its clients. It's significant since it affects foot traffic, sales capacity, and eventually, the profitability of the retail residential or commercial property.
- Granada Center Mall: This shopping center stands apart with its catchment area covering an impressive 40.5% of Riyadh's population. This high portion suggests its substantial 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 crucial player in Riyadh's retail landscape. Its considerable coverage demonstrates its value as a retail location.
- Riyadh Park Mall: This shopping 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 much deeper into the numbers, Granada Center Mall has the greatest share of a captive population, totaling up to 23.8% of Riyadh's total population. This shows a strong faithful client base that predominantly frequents this shopping center 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, understanding lease rates and tenancy patterns is important for making educated financial investment choices.

- Granada Center Mall: As of August 2022, this mall, being one of the biggest in Riyadh, shows a tenancy rate of 64%. It is very important to note that some parts of the mall were under restoration at the time, which may have affected this figure.
- Riyadh Park Mall: This shopping center, currently the biggest in regards to Gross Leasable Area, has an excellent tenancy rate of 91.2%, showing high renter retention and consistent consumer traffic.
- Riyadh Gallery Mall: With a tenancy rate of 93.3%, this shopping mall stands as another crucial player in the market, reflecting a strong and stable occupant base.
- Al Nakheel Mall: This residential or commercial property, essential 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 ² per year aren't provided for each mall, the report suggests that all the shopping malls consisted of follow a similar prices structure. This uniformity suggests a market requirement, which can be a critical element for financiers 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 as per the Gross Leasable Area." [Granada Center Mall]
- "Another large shopping mall in Riyadh. The occupancy is excellent 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 an effective retail investment in Riyadh's bustling market. Here's a thorough take a look at its attributes, 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 strategically located. It boasts a land area of 139,118 m ², using ample area for a varied variety of retail and home entertainment choices.
- Size and Structure: The shopping center encompasses a total built-up area of 241,220 m two and a Gross Leasable Area (GLA) of 105,290 m ². This substantial size is distributed throughout 3 floors, providing a vast array of renting options.
- Leasable Area Distribution: The leasable location is divided as follows:.

• First Floor: 38,499 m ²
  . -Ground Floor: 63,687 m ²
  . -Basement: 3,103 m TWO
  . -This circulation enables for a varied mix of retail, dining, and home entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a considerable number of anchor stores, further improving its appeal. The diversity in its tenant mix caters to a broad spectrum of customer preferences.
  - Occupancy Rates: As of August 2022, the mall had a high tenancy rate of 91.2%. This is a sign of its appeal among merchants and customers alike, recommending a constant stream of foot traffic and constant profits generation.
  - Investment Appeal: Given its strategic place, large GLA, varied tenant mix, and high occupancy rate, Riyadh Park Mall represents a robust financial investment chance. Its success factors act as a guide for what financiers need to look for in prospective 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".
  - "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, provides valuable insights into the city's retail genuine estate market. Let's explore why it stands as a significant case research study for possible investors:
  
  - Prime Location: The shopping mall lies in Dammam, Ash Shohda, Ar Rawdah, tactically placed to draw in a broad customer base.
  - Extensive Area: Covering a land area of 421,330 m TWO, Granada Center Mall is among the biggest in Riyadh. It has a total built-up location of 318,064 m two and a Gross Leasable Area (GLA) of 102,080 m ²
  . -Leasable Area and Structure: The shopping center's substantial leasable location is thoughtfully distributed over 2 floors, boosting the shopping experience. The floor-wise distribution is as follows:.
  
• First Floor: 60,027 m ²
  . -Ground Floor: 42,052 m TWO
  . -Tenant Diversity: The shopping center hosts a range of tenants, consisting of 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 shopping mall preserved a 64% tenancy rate as of August 2022. This figure is most likely to enhance post-renovation, making it an appealing prospect for future development.
  - Investment Potential: Granada Center Mall's size, area, and renter mix position it as a strong contender in Riyadh's retail market. Its large GLA and restoration plans signal capacity 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 ² ".-" Total Built-up Area: 318,064 m TWO ".-" Gross Leasable Area: 102,080 m ² ".-" Occupancy (Aug 2022): 64% (some parts of the shopping center under remodelling)".
  Case Study 3: Al Nakheel Mall
  
  Al Nakheel Mall, a key retail residential or commercial property in Riyadh, emerges as an interesting case study for investors. Here's an in-depth exploration of its functions:
  
  - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this shopping mall gain from its position in a populous and affluent area of Riyadh.
  - Substantial Size and Offering: The shopping center covers a land area 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 ². This comprehensive size helps with a varied variety 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 circulation deals with various retail and leisure experiences, appealing to a large .
  
• Tenant Diversity: Al Nakheel Mall's tenant mix includes a series of local and global brands, attracting a diverse group of shoppers and ensuring constant footfall.
  - Occupancy and Investment Potential: As of August 2022, the mall reported a tenancy rate of 82.0%. This fairly high tenancy rate, combined with its size and area, marks Al Nakheel Mall as a promising investment chance in the Riyadh retail market.
  - Additional Considerations: The shopping center is part of the Arabian Center Group, contributing to its trustworthiness and appeal. Its large GLA and varied occupant mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.