Riyadh's retail property market is a dynamic and evolving landscape, offering a plethora of chances for savvy financiers. Based upon the thorough benchmarking report, here are some crucial dynamics shaping this market:

Diversity in Residential Or Commercial Property Sizes: The marketplace showcases a wide variety of residential or commercial property sizes, from large-scale malls like Granada Center Mall with a Gross Leasable Area (GLA) of around 100,000 m TWO, to smaller sized retail centers like Boulevard Mall, boasting a GLA of around 8,000 m TWO. This diversity accommodates a broad spectrum of consumer requirements and choices.
Geographical Spread: Retail residential or commercial properties in Riyadh are not concentrated in a single location however are spread out throughout the city. This circulation enables for a varied investment method, targeting different demographics and socio-economic sections.
Growth Prospects: The retail sector in Riyadh is growing, driven by aspects such as increasing population, urbanization, and a shift in consumer spending practices. This growth trajectory recommends a promising future for retail financial investments in the region.
Quality and Standards: The selected residential or commercial properties for the study are noted for their high standards and quality occupants. This element is essential as it influences foot traffic, tenant retention, and total residential or commercial property value.
Catchment Areas
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Catchment locations are an important element of retail genuine estate, particularly for malls, as they directly influence the possible success of these residential or commercial properties. In Riyadh's retail landscape, understanding these locations is necessary for investors.

Here's what the report exposes about catchment areas:

- Definition and Importance: A catchment area is the geographical area from which a mall or retail center draws its customers. It's substantial because it impacts foot traffic, sales potential, and eventually, the profitability of the retail residential or commercial property.
- Granada Center Mall: This shopping center sticks out with its catchment area covering an exceptional 40.5% of Riyadh's population. This high portion indicates its considerable impact 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 essential player in Riyadh's retail landscape. Its considerable coverage demonstrates its significance as a retail location.
- Riyadh Park Mall: This shopping center has a catchment that includes 32.1% of Riyadh's population, marking it as a significant attraction in the city's retail sector.
- Captive Population: Looking much deeper into the numbers, Granada Center Mall has the highest 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 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% protection."
- "The Granada Center Mall has the greatest 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 occupancy patterns is crucial for making informed financial investment choices.

- Granada Center Mall: As of August 2022, this shopping mall, being among the biggest in Riyadh, reveals a tenancy rate of 64%. It is essential to keep in mind 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 impressive occupancy rate of 91.2%, showing high renter retention and constant customer .
- Riyadh Gallery Mall: With a tenancy rate of 93.3%, this shopping mall stands as another key player in the market, reflecting a strong and steady occupant base.
- Al Nakheel Mall: This residential or commercial property, integral 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 ² per year aren't attended to each shopping mall, the report shows that all the malls consisted of follow a similar prices structure. This uniformity recommends a market standard, which can be a vital aspect for financiers when examining the prospective return on investment.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the 2nd largest mall in Riyadh as per the Gross Leasable Area." [Granada Center Mall]
- "Another big shopping mall in Riyadh. The occupancy 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 a thorough look at its attributes, making it a noteworthy case research 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, using sufficient space for a diverse variety of retail and entertainment alternatives.
- Size and Structure: The shopping mall incorporates 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 distributed across three floorings, providing a vast range of renting 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 diverse 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 occupant mix accommodates a broad spectrum of consumer preferences.
- Occupancy Rates: Since August 2022, the shopping mall had a high tenancy rate of 91.2%. This is a sign of its popularity amongst merchants and consumers alike, recommending a steady stream of foot traffic and consistent revenue generation.
- Investment Appeal: Given its tactical location, substantial GLA, varied occupant mix, and high tenancy rate, Riyadh Park Mall represents a robust investment opportunity. Its success elements act as a guide for what financiers should look for in possible 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 destination in Riyadh, uses valuable insights into the city's retail realty market. Let's explore why it stands as a considerable case research study for potential investors:

- Prime Location: The mall is located in Dammam, Ash Shohda, Ar Rawdah, strategically placed to attract a wide customer base.
- Extensive Area: Covering a land area of 421,330 m TWO, Granada Center Mall is among the largest 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 mall's substantial leasable location is attentively dispersed over 2 floorings, enhancing the shopping experience. The floor-wise circulation is as follows:.
- First Floor: 60,027 m ²
. -Ground Floor: 42,052 m ²
. -Tenant Diversity: The shopping mall hosts a variety of renters, including regional and global brand names, which deals with a broad group, increasing its appeal as a retail location.
- Occupancy Rate: Despite being partly under renovation, the shopping center maintained a 64% tenancy rate as of August 2022. This figure is most likely to improve post-renovation, making it an appealing possibility for future growth.
- 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 capacity for value appreciation, making it an enticing choice for financiers.
Quotation from the Report:

- "Address: Granada Center Mall, Dammam, Ash Shohda, Ar Rawdah".
- "Land Area: 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 center 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 investors. Here's a detailed exploration 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 populous and wealthy location of Riyadh.
- Substantial Size and Offering: The shopping mall covers an acreage 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 ². This comprehensive size helps with a diverse range 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 ²- This circulation deals with different retail and leisure experiences, attracting a broad customer base.
- Tenant Diversity: Al Nakheel Mall's renter mix consists of a variety of regional and worldwide brands, drawing in a diverse group of consumers and ensuring consistent tramp.
- Occupancy and Investment Potential: Since August 2022, the shopping center reported an occupancy rate of 82.0%. This relatively high occupancy rate, integrated with its size and place, marks Al Nakheel Mall as an appealing investment chance in the Riyadh retail market.
- Additional Considerations: The mall is part of the Arabian Center Group, contributing to its credibility and appeal. Its large GLA and varied renter mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.