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

Diversity in Residential Or Commercial Property Sizes: The marketplace showcases a wide variety of residential or commercial property sizes, from massive malls like Granada Center Mall with a Gross Leasable Area (GLA) of roughly 100,000 m ², to smaller retail hubs like Boulevard Mall, boasting a GLA of around 8,000 m TWO. This variety deals with a broad spectrum of consumer needs and preferences.
Geographical Spread: Retail residential or commercial properties in Riyadh are not focused in a single area however are spread across the city. This distribution permits for a different investment method, targeting different demographics and socio-economic sectors.
Growth Prospects: The retail sector in Riyadh is growing, driven by factors such as increasing population, urbanization, and a shift in consumer costs habits. 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 renters. This element is important as it influences foot traffic, tenant retention, and total residential or commercial property value.
Catchment Areas

Catchment locations are an important aspect of retail realty, particularly for shopping malls, as they directly affect the possible 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 area is the geographic area from which a shopping center or retail center draws its customers. It's considerable because it affects foot traffic, sales capacity, and eventually, the success of the retail residential or commercial property.
- Granada Center Mall: This mall stands apart with its catchment location covering an exceptional 40.5% of Riyadh's population. This high portion shows its substantial effect and reach within the city.
- Al Nakheel Mall: With a catchment area that encompasses 35% of the city's population, Al Nakheel Mall is another crucial player in Riyadh's retail landscape. Its considerable protection shows its value as a retail destination.
- Riyadh Park Mall: This shopping mall has a catchment that includes 32.1% of Riyadh's population, marking it as a major destination 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 overall population. This shows a strong loyal client base that primarily 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% coverage."
- "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, understanding lease rates and occupancy patterns is essential for making informed investment decisions.

- Granada Center Mall: Since August 2022, this shopping mall, being among the largest in Riyadh, reveals an occupancy rate of 64%. It is necessary to keep in mind that some parts of the shopping mall were under renovation at the time, which might have affected this figure.
- Riyadh Park Mall: This shopping center, presently the biggest in regards to Gross Leasable Area, has an excellent occupancy rate of 91.2%, showing high occupant retention and constant consumer traffic.
- Riyadh Gallery Mall: With a tenancy 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 two annually aren't offered each shopping mall, the report indicates that all the shopping centers included follow a similar rates structure. This uniformity suggests a market standard, which can be a vital element for financiers when examining the potential return on financial investment.
Quotation from the Report:

- "Occupancy (Aug 2022): 91.2%" [Riyadh Park Mall]
- "Currently the second biggest mall in Riyadh based on the Gross Leasable Area." [Granada Center Mall]
- "Another large mall in Riyadh. The occupancy is great at 93.3%." [Riyadh Gallery Mall]
- "A key 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 dynamic market. Here's an extensive take a 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 a land area of 139,118 m TWO, using ample area for a varied range of retail and entertainment alternatives.
- Size and Structure: The shopping mall incorporates a total built-up location of 241,220 m two and a Gross Leasable Area (GLA) of 105,290 m TWO. This considerable size is dispersed throughout three floors, offering a large variety of renting 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 circulation permits a different mix of retail, dining, and home entertainment outlets.
  
• Tenant Mix and Anchors: Riyadh Park Mall accommodates a considerable number of anchor stores, even more boosting its appeal. The variety in its tenant mix deals with a broad spectrum of consumer choices.
  - Occupancy Rates: As of August 2022, the mall had a high occupancy rate of 91.2%. This is a sign of its appeal among sellers and consumers alike, recommending a stable stream of foot traffic and consistent revenue generation.
  - Investment Appeal: Given its tactical area, substantial GLA, varied occupant mix, and high occupancy rate, Riyadh Park Mall represents a robust investment chance. Its success factors work as a guide for what financiers should try to find 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".
  - "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 location in Riyadh, uses valuable insights into the city's retail genuine estate market. Let's check out why it stands as a significant case research study for possible financiers:
  
  - Prime Location: The mall lies in Dammam, Ash Shohda, Ar Rawdah, tactically positioned to attract a wide client base.
  - Extensive Area: Covering a land location of 421,330 m ², 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 extensive leasable area is attentively dispersed over 2 floors, improving 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 range of tenants, including local and global brand names, which caters to a broad demographic, increasing its appeal as a retail location.
  - Occupancy Rate: Despite being partially under restoration, the mall kept a 64% occupancy rate since August 2022. This figure is likely to enhance post-renovation, making it an appealing prospect for future growth.
  - Investment Potential: Granada Center Mall's size, area, and renter mix position it as a strong contender in Riyadh's retail market. Its big GLA and restoration plans signal potential for value gratitude, making it an attractive option 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 ² ".-" Occupancy (Aug 2022): 64% (some parts of the shopping center under restoration)".
  Case Study 3: Al Nakheel Mall
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  Al Nakheel Mall, an essential retail residential or commercial property in Riyadh, presents itself as an appealing case research study for financiers. Here's a detailed expedition of its features:
  
  - Strategic Location: Located on Othman Bin Affan Road, Abi Sofian Ibn Harb, Mugharazat, Al Olaya, this mall advantages from its position in a populous and upscale area of Riyadh.
  - Substantial Size and Offering: The shopping mall 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 TWO. This substantial size helps with a varied 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 deals with various retail and leisure experiences, appealing to a wide consumer base.
  
• Tenant Diversity: Al Nakheel Mall's occupant mix includes a range of local and worldwide brand names, bring in a diverse group of shoppers and making sure steady step.
  - Occupancy and Investment Potential: As of August 2022, the shopping center reported a tenancy rate of 82.0%. This fairly high tenancy rate, combined with its size and location, marks Al Nakheel Mall as a promising investment opportunity in the Riyadh retail market.
  - Additional Considerations: The shopping mall is part of the Arabian Center Group, adding to its trustworthiness and appeal. Its big GLA and varied occupant mix position it well within the competitive landscape of Riyadh's retail residential or commercial properties.