Investor's Guide to Shopping Malls in Riyadh

The retail property scene in Riyadh, especially its bustling malls, is a vibrant and rapidly expanding market that's catching the interest of experienced real estate investors from all over the globe. It's an energetic, ever-growing hub that stands out as a prime investment hotspot.

In this article, we're diving into the dynamic retail real estate sector of Riyadh, exploring what makes the city's malls such magnets for tenants and shoppers alike, and sizing up three of the biggest shopping havens in the capital. 

Get ready for an inside look at the high-energy world of Riyadh's retail real estate.

Table of Contents

Benefits of Investing in Shopping Malls in Riyadh

1. Diversity in Property Sizes
2. Geographic Distribution
3. Growth Prospects
4. Quality Standards

Attractiveness of Riyadh's Malls to Tenants and Customers

1. Catchment Areas in Riyadh
2. Top 10 Malls in Riyadh Ranked by Customer Attraction Capacity

Occupancy Rates for Each Shopping Center

Comparison of 3 of the Largest Malls in Riyadh

Benefits of Investing in Shopping Malls in Riyadh

1- Diversity in Property Sizes:

Reports indicate a variety of shopping center sizes in Riyadh, from large centers like Granada Mall with a total rental area of 100,000 square meters to smaller centers like Boulevard Mall with a rental area of 8,000 square meters. This diversity attracts a wide range of investors and consumers with different needs and preferences.

2- Geographic Distribution:

Retail properties in Riyadh are geographically distributed throughout the city. This allows real estate investors to target a wide range of demographic and economic groups, thereby multiplying and diversifying investment opportunities.

3- Growth Prospects:

There is a consensus on the significant growth of the retail sector in Riyadh, driven by various factors, most notably the Saudi Vision 2030 to make Riyadh the regional capital and the goal to double the city's population from 8 million to 17 million by 2030.

4- Quality Standards:

Retail properties in Riyadh maintain high-quality standards in terms of facilities and tenants. This factor decisively affects shop visitation rates, tenant retention, and the overall property value.

Attractiveness of Riyadh's Malls to Tenants and Customers

1- Catchment Areas in Riyadh

A catchment area is the geographic area from which a shopping center draws its customers. Catchment areas are one of the most important factors determining the success of a shopping center. In Riyadh, as elsewhere, it is important to have accurate data on the population of catchment areas to make informed investment decisions.

2- Top 10 Malls in Riyadh Ranked by Customer Attraction Capacity

3- Occupancy Rates for Several Shopping Centres in Riyadh (August 2022)

Comparison of 3 of the Largest Malls in Riyadh

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