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

Diversity in Residential Or Commercial Property Sizes: The marketplace showcases a large range of residential or commercial property sizes, from massive shopping malls like Granada Center Mall with a Gross Leasable Area (GLA) of around 100,000 m TWO, to smaller retail centers like Boulevard Mall, boasting a GLA of around 8,000 m ². This diversity deals with a broad spectrum of consumer requirements and preferences.
Geographical Spread: Retail residential or commercial properties in Riyadh are not focused in a single area but are spread out throughout the city. This circulation enables a diverse financial investment method, targeting various demographics and socio-economic sections.
Growth Prospects: The retail sector in Riyadh is growing, driven by elements such as increasing population, urbanization, and a shift in consumer spending routines. This development trajectory suggests a promising future for retail financial investments in the region.
Quality and Standards: The chosen residential or commercial properties for the study are kept in mind for their high standards and quality tenants. This element is important as it affects foot traffic, occupant retention, and overall residential or commercial property worth.
Catchment Areas

Catchment locations are a critical element of retail real estate, especially for shopping malls, as they straight influence the potential success of these residential or commercial properties. In Riyadh's retail landscape, comprehending these locations is important for financiers.

Here's what the report exposes about catchment areas:

- Definition and Importance: A catchment location is the geographical location from which a shopping center or retail center draws its customers. It's substantial because it impacts foot traffic, sales capacity, and ultimately, the success of the retail residential or commercial property.
- Granada Center Mall: This shopping center stands out with its catchment location covering an impressive 40.5% of Riyadh's population. This high portion shows its considerable 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 coverage demonstrates its significance 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, Mall has the highest share of a captive population, amounting to 23.8% of Riyadh's overall population. This shows a strong loyal customer 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% coverage."
- "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 genuine estate market, comprehending lease rates and tenancy patterns is vital for making informed investment decisions.

- Granada Center Mall: Since August 2022, this mall, being one of the largest in Riyadh, reveals an occupancy rate of 64%. It is essential to note that some parts of the shopping mall were under restoration at the time, which might have impacted this figure.
- Riyadh Park Mall: This shopping mall, presently the biggest in regards to Gross Leasable Area, has a remarkable occupancy rate of 91.2%, indicating high renter retention and constant consumer traffic.
- Riyadh Gallery Mall: With an occupancy rate of 93.3%, this mall stands as another essential player in the market, reflecting a strong and steady renter base.
- Al Nakheel Mall: This residential or commercial property, essential to the Arabian Center Group, reported a tenancy rate of 82.0%, showcasing its robust standing in the market.
- Lease Rates: While specific figures for lease rates per m ² each year aren't attended to each mall, the report indicates that all the malls consisted of follow a similar prices structure. This harmony recommends a market requirement, which can be an important aspect for financiers when evaluating the potential roi.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the second largest shopping mall in Riyadh according to the Gross Leasable Area." [Granada Center Mall]
- "Another big shopping mall in Riyadh. The tenancy is great 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 an effective retail financial investment in Riyadh's busy market. Here's a thorough appearance at its qualities, 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 tactically located. It boasts a land location of 139,118 m ², offering adequate space for a diverse series of retail and entertainment choices.
- Size and Structure: The shopping mall encompasses a total built-up area of 241,220 m two and a Gross Leasable Area (GLA) of 105,290 m TWO. This significant size is dispersed across 3 floors, providing a vast range of renting choices.
- 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 TWO
  . -This distribution enables a different mix of retail, dining, and entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a substantial number of anchor shops, further enhancing its appeal. The diversity in its occupant mix accommodates a broad spectrum of customer choices.
  - Occupancy Rates: As of August 2022, the shopping center had a high tenancy rate of 91.2%. This is indicative of its appeal amongst sellers and consumers alike, recommending a steady stream of foot traffic and consistent earnings generation.
  - Investment Appeal: Given its strategic location, large GLA, varied occupant mix, and high tenancy rate, Riyadh Park Mall represents a robust investment chance. Its success factors serve as a guide for what investors should try to find in potential 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".
  - "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 popular retail destination in Riyadh, uses important insights into the city's retail real estate market. Let's check out why it stands as a substantial case research study for potential investors:
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  - Prime Location: The mall lies in Dammam, Ash Shohda, Ar Rawdah, tactically positioned to draw in a large customer base.
  - Extensive Area: Covering a land location of 421,330 m ², Granada Center Mall is one of the biggest in Riyadh. It has an overall built-up area of 318,064 m ² and a Gross Leasable Area (GLA) of 102,080 m TWO
  . -Leasable Area and Structure: The mall's substantial leasable location is thoughtfully dispersed over two floors, boosting 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 occupants, consisting of local and international brands, which accommodates a broad market, increasing its appeal as a retail destination.
  - Occupancy Rate: Despite being partly under remodelling, the shopping center preserved a 64% tenancy rate since 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, location, and renter mix position it as a strong contender in Riyadh's retail market. Its big GLA and renovation strategies signal capacity for value gratitude, making it an enticing choice 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 ² ".-" Gross Leasable Area: 102,080 m TWO ".-" Occupancy (Aug 2022): 64% (some parts of the shopping mall under renovation)".
  Case Study 3: Al Nakheel Mall
  
  Al Nakheel Mall, a crucial retail residential or commercial property in Riyadh, emerges as an appealing case study for investors. Here's an in-depth expedition of its functions:
  
  - 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 affluent area of Riyadh.
  - Substantial Size and Offering: The shopping center covers an acreage 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 extensive size facilitates a diverse variety 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 accommodates various retail and leisure experiences, appealing to a broad customer base.
  
• Tenant Diversity: Al Nakheel Mall's renter mix consists of a series of local and global brand names, attracting a varied group of consumers and making sure steady tramp.
  - Occupancy and Investment Potential: As of August 2022, the shopping center reported a tenancy rate of 82.0%. This reasonably high tenancy rate, combined with its size and location, marks Al Nakheel Mall as an appealing financial investment chance in the Riyadh retail market.
  - Additional Considerations: The shopping center becomes part of the Arabian Center Group, including to its trustworthiness and appeal. Its big GLA and diverse renter mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.