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Riyadh's retail property market is a vibrant and progressing landscape, offering a plethora of opportunities for savvy financiers. Based on the extensive benchmarking report, here are some essential characteristics forming this market:

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 roughly 100,000 m TWO, to smaller sized retail hubs like Boulevard Mall, boasting a GLA of around 8,000 m ². This diversity accommodates a broad spectrum of customer needs and preferences.
Geographical Spread: Retail residential or commercial properties in Riyadh are not focused in a single location however are spread throughout the city. This distribution enables a different financial investment technique, targeting various 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 costs habits. This development trajectory suggests 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 requirements and quality occupants. This aspect is essential as it affects foot traffic, tenant retention, and overall residential or commercial property value.
Catchment Areas

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

Here's what the report exposes about catchment areas:

- Definition and Importance: A catchment area is the geographical location from which a shopping mall or retail center draws its clients. It's substantial since it affects foot 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 impressive 40.5% of Riyadh's population. This high portion suggests its significant impact and reach within the city.
- Al Nakheel Mall: With a catchment area that includes 35% of the city's population, Al Nakheel Mall is another essential gamer in Riyadh's retail landscape. Its substantial 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 greatest share of a captive population, totaling up to 23.8% of Riyadh's total population. This suggests 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 realty market, comprehending lease rates and occupancy patterns is crucial for making informed financial investment decisions.

- Granada Center Mall: Since August 2022, this shopping mall, being among the biggest in Riyadh, shows an occupancy rate of 64%. It is very important to keep in mind that some parts of the mall were under remodelling at the time, which might have affected this figure.
- Riyadh Park Mall: This shopping mall, presently the biggest in regards to Gross Leasable Area, has an outstanding occupancy rate of 91.2%, indicating high tenant retention and consistent customer traffic.
- Riyadh Gallery Mall: With a tenancy rate of 93.3%, this mall stands as another essential gamer in the market, showing a strong and steady renter 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 particular figures for lease rates per m two per year aren't offered each shopping mall, the report indicates that all the shopping centers included follow a comparable rates structure. This uniformity recommends a market requirement, which can be a critical element for financiers when assessing the possible return on investment.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the second largest shopping center in Riyadh according to the Gross Leasable Area." [Granada Center Mall]
- "Another big mall in Riyadh. The tenancy 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 a successful retail investment in Riyadh's busy market. Here's an extensive 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 situated. It boasts an acreage of 139,118 m ², using sufficient space for a varied variety of retail and entertainment alternatives.
- Size and Structure: The mall encompasses a total built-up area of 241,220 m ² and a Gross Leasable Area (GLA) of 105,290 m TWO. This considerable size is dispersed across three floors, offering a vast variety of leasing alternatives.
- Leasable Area Distribution: The leasable location is divided as follows:.

• First Floor: 38,499 m TWO
  . -Ground Floor: 63,687 m ²
  . -Basement: 3,103 m ²
  . -This distribution permits a different mix of retail, dining, and home entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a substantial number of anchor shops, further boosting its appeal. The variety in its renter mix accommodates a broad spectrum of consumer choices.
  - Occupancy Rates: Since August 2022, the shopping mall had a high occupancy rate of 91.2%. This is a sign of its popularity amongst retailers and consumers alike, recommending a consistent stream of foot traffic and consistent profits generation.
  - Investment Appeal: Given its strategic place, substantial GLA, varied occupant mix, and high tenancy rate, Riyadh Park Mall represents a robust investment chance. Its success elements act as a guide for what financiers need to try to find in potential 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 destination in Riyadh, uses important insights into the city's retail realty market. Let's explore why it stands as a considerable case research study for possible financiers:
  
  - Prime Location: The mall is situated in Dammam, Ash Shohda, Ar Rawdah, strategically positioned to bring in a broad customer base.
  - Extensive Area: Covering an acreage of 421,330 m TWO, Granada Center Mall is one of the largest in Riyadh. It has a total built-up location of 318,064 m ² and a Gross Leasable Area (GLA) of 102,080 m TWO
  . -Leasable Area and Structure: The shopping center's comprehensive leasable location is attentively distributed over two floors, enhancing 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 mall hosts a variety of renters, including regional and worldwide brands, which caters to a broad group, increasing its appeal as a retail destination.
  - Occupancy Rate: Despite being partly under remodelling, the shopping center maintained a 64% tenancy rate since August 2022. This figure is most likely to improve post-renovation, making it an attractive prospect for future development.
  - Investment Potential: Granada Center Mall's size, location, and renter mix position it as a strong contender in Riyadh's retail market. Its large GLA and remodelling strategies signal capacity for worth appreciation, making it an attractive 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 mall under restoration)".
  Case Study 3: Al Nakheel Mall
  
  Al Nakheel Mall, a crucial retail residential or commercial property in Riyadh, provides itself as an intriguing case research study for investors. Here's a comprehensive expedition of its functions:
  
  - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this mall benefits from its position in a populated and wealthy area of Riyadh.
  - Substantial Size and Offering: The shopping center covers an acreage of 238,769 m two with an overall built-up location of 299,448 m two and a Gross Leasable Area (GLA) of 81,322 m TWO. This substantial 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, appealing to a wide customer base.
  
• Tenant Diversity: Al Nakheel Mall's tenant mix includes a series of regional and brands, bring in a varied group of shoppers and ensuring stable footfall.
  - Occupancy and Investment Potential: Since August 2022, the shopping center reported a tenancy rate of 82.0%. This relatively high occupancy rate, combined with its size and place, marks Al Nakheel Mall as a promising financial investment chance in the Riyadh retail market.
  - Additional Considerations: The shopping center becomes part of the Arabian Center Group, adding to its trustworthiness and appeal. Its large GLA and diverse renter mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.