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Gate Mall

March 29, 2023 | Estater, Kuwait Retail Sector | No Comments

Gate mall, Kuwait is one of the prominent fashion destinations in Egaila. The mall is well known for its shopping, entertainment, and dining experiences in the location. Located among various small retail centres across the 104th road, Egaila, the Gate mall stands out with some of the best national and international brands across various shopping categories. Debenhams, H&M and Zara are some of the prominent fashion outlets in the mall. Entertainment facilities like Grand Cinemas, Fun city also form a major attraction in the mall. Various F&B outlets like Friday’s, Zufa, Shake Shack, Pistachio and Kashounat Al Bait offer a wide range of dining options in the mall. The restaurants offer a wide variety of cuisines including, Arabic, Indian, Chinese, Japanese and American cuisines.

Snapshot:

1. Shopping in Gate Mall: The Gate mall houses approximately 500 retail shops across 6 floors. It offers a great shopping experience for the customers allowing them to choose from a wide range of lifestyle products. The shops cater to all the segments of customers across various age groups and brand preferences. Some of the prominent brands include Zara, Riva, American Eagle, The Athlete’s foot, La vie En Rose, Lauren Vidal, Swarovski Calzedonia, Dune London and many more.

2. F&B in Gate Mall: The Gate mall offers a great variety of food options including fine dine, food joints, coffee shops and cafes. Some prominent F&B options include TGI’s Friday’s, Zufa, Emirgan Sutis, Burger Boutique, McDonald’s, Pizza Hut, Pink Los Angeles and many more. A wide variety of choices are available in the mall serving famous cuisines from different parts of the world.

3. Entertainment and Leisure activities in Gate Mall: Along with the great shopping experience, the Gate mall offers some great entertainment and leisure activities. Grand Cinemas offer a great movie experience in the mall. Similarly, there are other entertainment options for kids like Fun City, Game Store and Babydo by Occa which makes the mall a perfect leisure destination for families.

4. Other Facilities in Gate Mall: The Gate mall also facilitates various emergency services and facilities including first aid, customer care, free Wi-Fi, baby service, free porter service, disability support service and valet parking.

Major Attractions in The Gate Mall:

The Gate mall offers various entertainment and leisure activities for the people of various age groups. The major attractions of the mall include:

1. The Grand Cinemas: The Cinema is first of its kind in Cinemas with just 17 seats in Gate Mall. The luxury theatre is specifically designed to offer an optimal view to each viewer. It is designed to offer privacy along with a relaxing experience in reclining leather armchairs and cozy blankets.

2. Fun City: Fun City offers some of the best entertainment experience for the children from 1-12 years of age. It is an ideal play centre designed for the kids to learn while playing. The play area offers ample space for kids to slides, climb, jump and enjoy other play activities.

Interesting Facts about Gate Mall:

  1. The total gross leasable area for the mall is estimated to be around 35,550 m2 as per Estater estimates.
  2. The malls are predominantly a fashion destination with fashion, shoes and accessories account for approx. 65% of the total GLA
  3. Entertainment category accounts for approx. 16% of the total GLA. Grand Cinema Cinemas and Fun City being some of the largest tenants in the mall.
  4. Lefties occupy a maximum of 14 units in the mall.

Shop Your favourite brands in Gate Mall Kuwait

Gate mall houses a wide range of fashion brands, offering the customers a great variety to choose from. Fashion brands including apparels shoes, cosmetics and accessories account for 65% of the malls leasable area. H&M, Zara, Lefties, Trends and Riva are some of the large fashion stores in the mall. The mall offers a one stop solution to choose from a wide mix of fashion accessories like Riva, Payless, Deichmann, Charles and Keith and Parfois. Apart from kids play area, the mall also has some premium kids toys store like Debenhams and Hamleys. Debenhams occupies one of the largest stores in the mall accounting for approx. 6% of the total GLA.

Cafes, Fine & Bistro Dining at The Assima Mall Kuwait

The Mall also has some of the best Dining and F&B options available including TGI’s Friday’s, Zufa, Emirgan Sutis, Burger Boutique, Burger King, Mcdonald’s, Pizza Hut, Pink Los Angeles. One can choose from a wide variety of foods and cuisines available.

Cafes and Coffee Shop in Gate mall:

  1. Starbucks: Starbucks is one of the most popular coffee chains offering a wide variety of customised coffee options. Starbucks positions itself as not just a cafe but also a place or community, a comfortable third place away from the demands of work and home.
  2. Esquires: Esquires Coffee is again a popular coffee shop chain offering a wide range of foods and beverages including organic coffee, cakes, muffins, healthy salads, and sandwiches.
  3. Cafe Bazza: Cafe Bazza offers a wide range of food choices including breakfast options, beverages, wraps, tandoors, and other main course meals. The place is designed to depict the traditional as well as the modernity of Kuwait.  

Dine In Restaurants in Gate mall:

  1. Cuts Steak House: Cuts is a Southern American style steakhouse originally from Atlanta. They offer fine dine experience with speciality in steaks, shrimps, grits, burgers and sandwiches.
  2. The Yellow Chilli: The Yellow Chilli Restaurant by famous Indian chef Sanjeev Kapoor offers a fine dine experience with cuisines particularly from India. The Restaurant serves the signature dishes by the celebrity chef.
  3. Mr. Greek: Mr. Greek is a fast food dine in option available in Gate mall famous for its Mediterranean dishes. The restaurant serves salads, pitas, burgers, wraps and other combos.

Located among a cluster of malls, one can say gate mall provides a unique shopping experience for the people willing to explore a wide range of fashions brands under one single roof. The mall also provides a unique and lavish cinema experience in the city as well as an interactive play area for children, which makes it a great shopping destination in the area.

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By Estater

Marina Mall

March 29, 2023 | Estater, Kuwait Retail Sector | No Comments

Marina mall is one of the biggest shopping malls located along the waterfront on Salem Al Mubarak St, Salmiya, Kuwait. It is centrepiece of the famous mixed-use Marina World development and linked to several large building like Marina Crescent, Waterfront & Marina Waves.

Marina Mall is famous for one of the largest spectacular glass domes and a large beautiful glass fountain as its point of focus, equipped with a sail that automatically moves in the sun’s direction.

The mall is known for its food, entertainment, and shopping opportunities. Top national and international brands in a variety of shopping categories are available at Marina Mall. American Eagle, H&M, Zara and Austin Reed are some of the mall’s well-known top fashion brands. Entertainment facilities like Fun Zone, Cinescape, Below Zero and Yacht Riding are the mall’s major attractions. Enjoying the most recent movies in Cinescape provides you with an entertaining and dramatic experience. The first pedestrian suspension bridge in a commercial complex in Kuwait, the suspended glass bridge is a thrill to walk on and looks out over the Arabian Gulf Street.

Snapshot:

1. Shopping in Marina Mall: The Mall has 194 shopping brands spread across 2 floors and more than 150 retail stores. Global brands from various industries have their stores in the mall, as the premium shopping destination attracts customers in large numbers. The mall provides stores for Health, Footwear, Beauty Products, Jewellery, Finance, Apparel & many more. The mall allows the customer to choose from a variety of lifestyle items. The Mall includes some of the prominent brands like Zara, American Eagle, H&M, Zara, Austin Reed, Calvin Klein, Arabian Oud, The Athlete’s Foot, Miniso, Milano, River Island, Victoria Street, Foot Locker and many more.

2. F&B in Marina Mall: The Marina mall houses approximately 81 dining restaurants & 10 cafes. The mall has a wide range of dining options, such as fine dining, fast food joints, coffee shops, and cafes which makes it a popular weekend destination in this part of the city. Starbucks Coffee, The Chocolate Bar, TGI Friday’s, Costa Coffee, KFC, Burger King, MacDonalds, Paul Depuis, Zaatar, and many more are popular food and beverage options present in the mall. The mall provides an extensive variety of restaurants offering well-known dishes from throughout the globe.

3. Entertainment and Leisure activities in Marina Mall: Marina Mall is famous for some of its best entertainment and leisure activities in Kuwait. Owing to its location, It has become one of the most preferred entertainment complex in the neighbourhood. While Cinescape Marina offer a great movie experience, there are other entertainment options like Fun Zone Park, Below Zero, Marina FM and Marina Yatch Club which make the mall an ideal vacation spot for families.

Major attractions in Marina Mall:

The mall provides a variety of leisure and entertainment services for individuals of all ages. The major key attractions of the mall include-

1. Marina Yacht Club: Marina Yacht Club is a major attraction in Marina Mall with space for 144 berths. If you are into Yacht riding, you may take a cruise, go on a boat trip, and have an amusing time at the Marina Yacht Club.

2. Marina FM:Marina FM is the first private radio station in Kuwait. It offers the audience a great music experience in a distinct way. The FM studio is strategically located on the second floor with a view of ground floor which enables an amazing view from the studio unlike the traditional FM studios.

3. Cinescape: Cinescape Marina is one of the popular places listed under movie theatre in Salmiya . It is a luxury theatre specifically designed to offer an optimal view to each viewer with 4 screens. It is designed to offer privacy along with a relaxing experience while enjoying your movie.

4. Below Zero: Below Zero offers one of the best entertainment experiences for children & their family, allows to have a fun ice-skating experience while learning the value of physical fitness, dedication, and commitment.

5. Fun Zone Park: Fun Zone Park is an entertainment park for kids in Marina Mall with 1,070 sqm. as per Estater estimates. The two main activities to attract kids that are soft playground & trampoline park. It is the perfect play area for children to learn while having fun. There is plenty of scope in the play area for children to slide, climb, jump, and engage in other play activities.

Interesting Facts about Marina Mall:

  1. According to Estater estimations, Marina Mall’s total gross leasable space is close to 30,900 m2.
  2. The mall is primarily a destination for fashion and around 57% of the total GLA allotted to clothing, footwear, and accessories in the mall.
  3. The entertainment category covers up to 8% of the total GLA.
  4. Two of the mall’s biggest tenants are Decathalon and Zara.
  5. Cinescape & Victoria Secret occupy a maximum of 4 units each in the mall.
  6. This mall showcases amazing glass fountains as its centrepiece with one of the biggest glass domes in the region.
  7. The Mall is linked with a glass-enclosed bridge to Marina Crescent, a seafront component lined with international cafes and restaurants.
  8. The Mall directly connects to the Marina Crecent by a panoramic, 100-meter long, air-conditioned bridge.

Shop Your favourite brands in Marina Mall Kuwait:

Marina Mall allows their customers to choose from a wide range of local as well as international fashion brands. Estater estimates 57% of the malls’ leasable area is occupied by fashion brands, which include clothing, footwear, cosmetics, and accessories. Some of the major clothing retailers at the mall are Decathlon, Zara, H&M, Vavavoom, and American Eagle. With approx. 8% of the total GLA, Decathlon is one of the larger stores in the mall followed by Zara with 7% of the total GLA.

Cafes, fine & dining in Marina Mall Kuwait:

The Mall offers some of the top food and beverage venues, such as Starbucks Coffee, The Chocolate Bar, TGI Friday’s, Costa Coffee, KFC, Burger King, MacDonalds, Paul Depuis, Zaatar, and many others. Many dishes and cuisines are available for one to pick from.

Cafes and Coffee Shop in Marina Mall:

  1. Starbucks: One of the most well-known chain cafes, Starbucks offers a wide range of specialty coffee selections. A pleasant resting place away from the pressures of work and family, Starbucks presents itself as more than just a cafe.
  2. Costa Coffee: Costa coffee is the people favourite’s coffee shop & largest fast growing coffee chain in all over world now-a-days. It offers a hug variety of coffee options to the costumers.
  3. The Chocolate Bar: The Chocolate Bar is the best place to indulge the atmosphere, the cuisine & the service. Costumers can gather here with their family & friends and enjoy.

Dine In Restaurants in Marina Mall:

  1. Paul: Paul provides guests with a truly European experience with classic cuisine and first-rate service. It is best known for using select ingredients to dish out a whopping variety of French delicacies. Paul specialises in trademark breads, viennoiseries, artisanal pizza, sandwiches, coffee, and other hot & cold beverages, as well as a large choice of beautifully presented desserts.
  2. Zaatar: Zaatar is one the most favourite restaurant in Marina Mall. It offers delicious food & efficient welcoming manger and staffs.

Overall, the mall offers a unique combination of shopping combined with entertainment options like Yacht Club, Cinescape, Below Zero and Fun Zone Park. The mall also offers a wide range of cafes and dine in options which makes it a great lifestyle destination for families.    

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By Estater

Assima Mall

March 29, 2023 | Estater, Kuwait Retail Sector | No Comments

Assima Mall is one of the newest shopping malls in Kuwait. The mixed-use property includes the largest commercial mall in the heart of Kuwait City and was opened on 8 November 2021. Assima Mall boasts a phenomenal lifestyle and entertainment that includes a cinema, gym, spa, and entertainment, as well as numerous dining options throughout the mall.

The Assima, meaning capital in Arabic, is a mixed-use project developed by Assima Real Estate Company, wholly owned by Salhia Real Estate Company. The project commenced in October 2015 and was completed at the end of 2021. Bringing together all the conveniences of a mini city within the heart of Kuwait City with a total built up area of 380,000 square meters. Featuring three main components which are, a mall with urban parks, an office tower with stunning sea-views and cityscapes, and a residence hotel. The project also features ample parking to serve the three main components of the project. Following are the quick things what one can experience in Assima Mall.

1. Shopping in The Assima Mall: With over 265 stores, spread over six floors, Assima Mall is one stop destination for any shopper. Mall features a mix of brands from contemporary, to high-street, many of which are introduced in Kuwait for the first time. Local and international labels are available, including well-known brands such as Charles & Keith, Calvin Klein, Mango, Tommy Hilfiger, Bershka and many more.

2. F&B in The Assima Mall: The Assima Mall’s food court is a popular destination for foodies, with a variety of options to choose from. The mall utilizes its outdoor spaces with finesse; there are a range rooftop cafes and restaurants alongside the urban park – perfect for the cooler months. The uniquely designed spaces serve a range of cuisines, perfect for every taste and palate – there are multitude of options to choose from, be it a quick bite, a leisurely lunch, or even a more contemporary meal.

3. Entertainment Places in The Assima Mall: The Assima Mall has an enormous lifestyle and leisure element which includes a cinema, gym, spa, and great entertainment for the whole family. It is the perfect place to spend your weekend or weekday with your family.

4. Amenities in The Assima Mall: The mall is designed for comfort and convenience, with amenities such as clean restrooms, prayer rooms, and plenty of seating areas. There is also plenty of parking, both indoor and outdoor.

Interesting Facts About Assima Kuwait:

  1. Estater estimates that the total Gross Leasable Area (GLA) of Assima is more than 70,000 m2.
  2. Fashion, Shoes, and Accessories stores account for 24% of the GLA.
  3. IKEA and Monoprix – two main anchor stores – account for about 12% of total GLA.

For Unforgettable Experiences, Entertainment Destination at Assima Mall in Kuwait

The Assima Mall caters to a variety of entertainment options for visitors of all ages. Here are some of the fun and exciting destinations you can find in The Assima:

1. Rainbow Park in The Assima Mall – The Rainbow Park is an indoor amusement park located on the second floor of the mall. It is a entertainment amusement park for children which features a host of indoor rides, roller coaster, bumper cars, and arcade games.

2. Sky Zone in The Assima Mall – Sky Zone is a space for children and adults to move, create and enjoy. Sky Zone is an aerial park for children located on the second floor of the mall. It allows children to explore different aerial games.

3. National Geographic Ultimate Explorer in The Assima Mall – National Geographic Ultimate Explorer attraction gives families the chance to travel to the farthest reaches of outer space, go to the bottom of the ocean and top of Everest without ever leaving the mall.

4. Cinema & Theatres in The Assima Mall – Cinescape – Kuwait National Cinema Company (KNCC) – is a movie theatre chain and film distributor in Kuwait. Cinescape offers a range of movies of different genres and offers comfortable seating and an amazing movie watching experience. They have kiosk of refreshments to enjoy during the movie.

Shop Your Favourite Brands at The Assima Mall Kuwait

Fashion, Shoes, and Accessories stores account for 24% of GLA in the Assima Mall Kuwait. While looking for a variety of goods and services in one convenient location, Assima Mall is the best choice. This upscale mall, which is located close in Kuwait City, features everything from clothes stores to electronics stores and even eateries. Customers can expect ease and quality from their shopping experience at the Assima Mall Kuwait, which offers more than 50 international brands.

Clients can browse through designer brands like Calvin Klein, Mango, Tommy Hilfiger and more without having to go online or hunt throughout the city for what they require. Customers can not only purchase a variety of luxury goods, but they can also purchase a variety of everyday items! From fashion accessories like handbags and shoes to groceries like fresh fruits and vegetables, you will undoubtedly find something to suit your budget and taste preferences. Some of the big shopping stores in The Assima Mall are:

1. IKEA in The Assima Mall – IKEA is a Swedish furniture and home décor retailer with stores all over the world, including Kuwait. The store sells a wide range of furniture, home decor, and household items that are both functional and fashionable. IKEA’s most popular items include beds, sofas, chairs, tables, kitchen cabinets, lighting fixtures, and textiles. Furthermore, IKEA in Assima Mall Kuwait has a restaurant where customers can enjoy Swedish-inspired food and beverages. For a fee, the store also offers delivery and assembly services.

2. Monoprix in The Assima Mall – Monoprix in Assima Mall is a major French retail chain with its headquarters in Clichy, Hauts-de-Seine, France, near Paris. The company’s stores combine food retailing with fashion, beauty, and home products.

Cafes, Fine & Bistro Dining at The Assima Mall Kuwait

The Assima Kuwait is a well-liked spot for dining, shopping, and entertainment, offering a variety of cuisines to suit all preferences and price ranges. Let us look at The Assima Mall Kuwait’s cafes, fine dining, and bistro options for dining.

Cafes in The Assima Mall Kuwait:

1. Costa Coffee in The Assima Mall – Costa Coffee is a popular coffeehouse chain that serves a variety of coffee, tea, and snacks. Costa branches sell hot and cold drinks, sandwiches, cakes and pastries, and snacks. In 2020, the brand collaborated with three chocolate brands (Quality Street, After Eight and Terry’s) for some of their limited-edition Christmas drinks.

2. Lavazza in The Assima Mall – Luigi Lavazza, shortened and stylized as LAVAZZA, is an Italian manufacturer of coffee products. Founded in Turin in 1895 by Luigi Lavazza, it was initially run from a small grocery store at Via San Tommaso 10. The business is currently administered by the third and fourth generations of the Lavazza family. The company operates several retail coffee shops. The shops offer traditional coffee drinks as well as whole bean and ground coffee for home use.

3. Nespresso in The Assima Mall – Nestlé Nespresso S.A., trading as Nespresso, is an operating unit of the Nestlé Group, based in Lausanne, Switzerland. Nespresso machines brew espresso and coffee from coffee capsules or pods in machines for home or professional use, a type of pre-apportioned single-use container, or reusable capsules (pods), of ground coffee beans, sometimes with added flavourings.

Fine Dining in The Assima Kuwait:

1. Mia Restaurant in The Assima Mall – Mia Restaurant is a well-known Mediterranean restaurant that offers a range of hummus, pita bread, falafel and many more. The restaurant’s elegant decor and attentive service make it a perfect place for a fine dining experience.

2. Little Ruby’s in The Assima Mall – Little Ruby’s is a well-known restaurant that combines Italian and American flavours. Signature dishes at the restaurant includes Pizza, Pasta, Lasagne and many more.

Fast Food and Bistro Dining in The Assima Kuwait:

1. Mcdonald’s in The Assima Mall – McDonald’s Corporation is an American multinational fast food chain. McDonald’s is the world’s largest fast food restaurant chain, serving over 69 million customers daily in over 100 countries in more than 40,000 outlets as of 2021. McDonald’s is best known for its hamburgers, cheeseburgers and French fries, although their menu also includes other items like chicken, fish, fruit, and salads. Their best-selling licensed item are their French fries, followed by the Big Mac.

2. Elevation Burger in The Assima Mall – Elevation Burger serves organic burgers, fries, and shakes in a fast-casual setting. The restaurant’s dedication to employing high-quality food and environmentally sustainable processes makes it a popular choice among health-conscious guests

3. Taco Bell in The Assima Mall – A variety of exquisite Mexican wraps, sandwiches, and salads are available at the restaurant known as Taco Bell. For a quick snack or casual dinner, the cafe’s welcoming ambiance and helpful staff make it a great choice.

Overall, the six levels Assima Mall features a mix of brands from contemporary, to high-street, many of which are new to Kuwait. The mall includes the largest hypermarket in Kuwait City. Assima Mall is within walking distance of the busy business district of Kuwait City and transforms the shopping experience in the city centre. Before the opening of the Assima Mall, the retail options in Kuwait City were high end and limited options. Assima Mall has filled this gap in the market by offering a wider range of retail outlets, while at the same time offering a hypermarket in the heart of the city.

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By Estater

The Avenues Mall

March 21, 2023 | Estater, Kuwait Real Estate, Retail Sector | No Comments

Kuwait’s The Avenues mall is a prime shopping center that has quickly become a destination for both local and international brands. The mall is well known for its excellent shopping experience, first-rate facilities, and diverse entertainment options. The Avenues is the largest shopping mall in Kuwait and one of the largest in the GCC region. The mall is located in Al Rai neighborhood, which is connected by the Fifth Ring Road on the south and Al Ghazali Street on the north.

The mall has several distinct sections such as 1st Avenue, 2nd Avenue, Prestige, Grand Avenue, etc.. Several national and international restaurants and shops, including those serving British, French, Dutch, Turkish, Swiss, and Arabic cuisine, can be found in the mall. The mall has the first Carrefour in Kuwait, and offers great dining at upscale outlets including P.F Changes and The Cheesecake Factory. Also, there are all the amenities like ATMs, restrooms, children play area, open seating area etc. Here’s a quick rundown of what you can expect from your visit to Kuwait’s The Avenues Mall.

  1. Shopping in The Avenues: With over 1,800 retail stores spread across three levels, the Avenues Mall is a shopper’s paradise. There’s something for everyone, from high-end luxury brands to low-cost fashion options. Local and international labels are available, including well-known brands such as Chanel, Gucci, Zara, H&M, and many more.
  2. Food & Beverages in The Avenues: The Avenues Mall’s food court is a popular destination for foodies, with a variety of options to choose from. You’ll find everything from fast food chains to upscale restaurants offering international cuisines. Whether you’re in the mood for sushi, burgers, or Italian food, it’s all available here.
  3. Entertainment Places in The Avenues: The Avenues Mall is more than just a place to shop; it’s got great places to have fun. There are several entertainment options available, including two cinemas, bowling alley, virtual reality games, and arcade games. There is also a children’s play area, making it an ideal destination for families.
  4. Amenities in The Avenues: The mall is designed for comfort and convenience, with amenities such as clean restrooms, prayer rooms, and plenty of seating areas. There is also plenty of parking, both indoor and outdoor.

Interesting Facts About Avenues Kuwait:

1.  Estater estimates that the total Gross Leasable Area (GLA) of Avenues is more than 350,000 m2. This makes The Avenues the largest mall (outside Dubai) in the GCC region.

2.   Fashion, Shoes, and Accessories stores account for 26% of GLA.

3.   IKEA, Carrefour, and CenterPoint that are key anchor stores account for about 11% of total GLA.

4.   Starbucks occupies nine units in The Avenues Mall.

5.   There are over 10,000 parking spaces in total.

Visit The Avenues Entertainment Places for a Memorable Experience

The Avenues offers a variety of entertainment options for visitors of all ages. Here are some of the fun and exciting destinations you can find in The Avenues:

  1. Magic Planet in The Avenues Mall – Magic Planet is an indoor amusement park located on the first floor of the mall. It offers a range of rides, games, and attractions, including a roller coaster, bumper cars, and arcade games.
  2. KidZania in The Avenues Mall – KidZania is an interactive children’s theme park located on the first floor of the mall. It allows children to explore different careers and role-play different jobs in a fun and educational environment.
  3. Bowling Alley in The Avenues Mall – The Avenues also has a bowling alley, which is a great place to hang out with friends and family.
  4. Cinema & Theatres in The Avenues Mall – The Avenues Mall in Kuwait houses two cinemas. One of the popular cinemas in The Avenues is the Cinescape, which offers a range of movies from different genres. The Cinescape is located on the first floor of the mall, and it has multiple screens with seating capacity of over 1,000 viewers. There is Vox Cinemas, which is located on the first floor of the mall. Vox also offers a range of movies and has multiple screens. Both Cinescape and Vox offer comfortable seating and state-of-the-art technology for an enjoyable movie-watching experience. They offer snacks and refreshments for movie-goers to enjoy during the movie.

Shopping at The Avenues Mall

Fashion, Shoes, and Accessories stores account for 26% of GLA in the Avenues Kuwait. While looking for a variety of goods and services in one convenient location, The Avenues Kuwait is the top choice. This upscale mall features everything from clothing stores to electronics stores and home appliances. Customers can expect ease and quality from their shopping experience at The Avenues Kuwait, which offers more than 150 international brands.

From fashion accessories like handbags and shoes to groceries like fresh fruits and vegetables, you will undoubtedly find something to suit your budget and taste preferences. Furthermore, by participating in ‘The Avenues Rewards Program,’ visitors receive special discounts on select purchases as well as extra points every time they shop, allowing them to save money while exploring various outlets within the mall complex itself! Some of the big shopping stores in The Avenues are:

  1. IKEA in The Avenues Mall – IKEA is a Swedish furniture and home décor retailer with stores all over the world, including Kuwait. The store sells a wide range of furniture, home decor, and household items that are both functional and fashionable. IKEA’s most popular items include beds, sofas, chairs, tables, kitchen cabinets, lighting fixtures, and textiles. Furthermore, IKEA in Avenues Kuwait has a restaurant where customers can enjoy Swedish-inspired food and beverages. For a fee, the store also offers delivery and assembly services.
  2. Carrefour in The Avenues Mall – Carrefour in the Avenues Kuwait sells a wide variety of goods, including groceries, household items, electronics, appliances, clothing, and other items. The hypermarket is well-known for its right prices and frequent sales, making it a popular shopping destination for both locals and expats alike. The hypermarket is open seven days a week, from 9:00 a.m. to 12:00 a.m., and is located on the ground floor of the Avenues Mall, with easy access from the mall’s entrances and parking lots. Customer service has been praised as friendly and helpful, with employees going above and beyond to ensure customers have a pleasant shopping experience. In addition, their store is conveniently located within the mall complex, making it accessible from anywhere. Customers’ value when they shop here is further increased by their loyalty programme, which rewards customers who accrue points based on purchases made at other stores and can avail discounts on subsequent purchases. Carrefour continues to provide one of the greatest shopping experiences in The Avenues Kuwait thanks to its fantastic advantages for both locals and visitors looking for high-quality items at affordable prices.
  3. CenterPoint in The Avenues Mall – CenterPoint in the Avenues Kuwait offers a wide range of products, including clothing, shoes, accessories, cosmetics, and home goods. The department store is known for its trendy and fashionable merchandise, catering to both men and women. The departmental store is open seven days a week, with operating hours from 10:00 am to midnight and is located on the ground floor of the Avenues Mall, and visitors can easily access it via the mall’s entrances or parking lots.

Enjoy Delicious Cuisine at The Avenues Kuwait – Cafes, Fine & Bistro Dining

The Avenues Kuwait is a well-liked spot for dining, shopping, and entertainment, offering a variety of cuisines to suit all preferences and price ranges. Let’s look at The Avenues Kuwait’s cafes, fine dining, and bistro options for dining.

Cafes in The Avenues Kuwait:

  1. Starbucks in The Avenues Mall – Starbucks is a popular coffeehouse chain that serves a variety of coffee, tea, and snacks. The cosy atmosphere and delicious coffee make the cafe a popular spot for catching up with friends or taking a quick break.
  2. Caribou Coffee in The Avenues Mall – Caribou Coffee is another coffeehouse chain that sells coffee, tea, and bakery items. The cafe’s welcoming atmosphere and friendly service make it an ideal spot for a casual chat or a quick caffeine fix.
  3. Paul in The Avenues Mall – A variety of mouth-watering pastries, bread, and sandwiches are available in the French bakery and cafe known as Paul. The cafe is a wonderful choice for a relaxing breakfast or a mid-afternoon snack because of its exquisite decor and delectable food.

Fine Dining in The Avenues Kuwait:

  1. The Cheesecake Factory in The Avenues Mall – The Cheesecake Factory is a popular American restaurant that offers a range of pasta dishes, burgers, and, of course, cheesecakes. The restaurant’s elegant decor and attentive service make it a perfect place for a fine dining experience.
  2. P.F. Chang’s in The Avenues Mall – P.F. Chang’s is a Chinese restaurant that combines Chinese and American flavours. Signature dishes at the restaurant include Mongolian Beef and Chang’s Spicy Chicken.
  3. Le Pain Quotidien in The Avenues Mall – Le Pain Quotidien is a French bakery and café that sells organic bread, pastries, and sandwiches. The restaurant’s inviting atmosphere and tasty cuisine make it an excellent choice for a relaxed fine dining experience.

Bistro Dining in The Avenues Kuwait:

  1. Fauchon Cafe in The Avenues Mall – A variety of delightful French pastries, sandwiches, and salads are available at the Fauchon Café in France. The café is a great choice for a casual eating experience because of its stylish atmosphere and great food.
  2. Elevation Burger in The Avenues Mall – Elevation Burger serves organic burgers, fries, and shakes in a fast-casual setting. The restaurant’s dedication to employing high-quality food and environmentally sustainable processes makes it a popular choice among health-conscious guests.
  3. Bouchon Bakery in The Avenues Mall – A variety of exquisite pastries, sandwiches, and salads are available at the bakery and cafe known as Bouchon Bakery. For a quick snack or casual dinner, the cafe’s welcoming ambiance and helpful staff make it a great choice.

Overall, the Avenues Mall in Kuwait is a must-see for anyone looking for a fun shopping and entertainment experience in Kuwait. It’s the ideal place to spend a day with its diverse retail, dining, and entertainment options. 

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By Estater

Covid-19 Impact on Retail Sector in Bahrain

April 27, 2020 | Bahrain Retail Sector | No Comments

Estater continues its analysis on the retail sector in this blog, this time we cover Bahrain retail sector.

Estater estimates that Bahrain by the end of 2019 has around 2.05 million m2 of retail space spread across hundreds of properties. Of this, around 45% is in main retail malls such as City Center, Seef Mall, The Avenues Bahrain, The Atrium Mall, Juffair Mall, Oasis Malls, etc. The remaining 55% includes all the plazas, high street retail and stores across the country. The occupancy ratio for this entire space is around 85% with average lease rate estimated around BD 7.1 per m2 per month.

As the theory of retailing shows, a retailer pays anywhere between 7% to 20% of its gross sales as rental to sustain its business. The percentage varies mostly within this range across different cities in the world, different properties and for different shops within each property.

Bahrain Government carries out household expenditure survey from time to time. The last such survey was done in 2014 / 15. The monthly expenditure and its breakup for Bahraini and non-Bahraini households is shown in the table below.

Table 1: Monthly expenditure breakup for Bahraini and non-Bahraini households

Using suitable growth rates in line with economic growth between 2014 and 2019, the chart below shows our estimates of monthly household expenditure in 2019. Average monthly expenditure by a Bahraini household was BD 1,975 in 2019 and BD 1,198 by a non-Bahraini household.

Monthly Expenditure

Not all this expenditure is done in retail properties; spending on health, education maintenance of houses, etc. is all outside retail properties. Using suitable matrix, we have estimated the monthly spending of Bahraini and non-Bahraini households in retail properties. This is shown in the chart below.

Monthly Household Spending in retail Properties

Based on our estimates for different spending items, we have projected decline in household retail spending for the year 2020 and 2021. We have accounted for 15% decline in 2020 and another 5% in 2021. Note that most of the retail properties (barring the essential items) were closed for several weeks due to lockdown; this alone can lead to around 8-10% decline in the year 2020. Therefore, 15% decline over the full year due to economic difficulties is very much possible.

In 2019, we estimate that there were 125,000 Bahraini households and 245,000 non-Bahraini households (as per population data and average family sizes). Multiplying their respective monthly retail spending, we get BD 2.59 billion as annual spending in Bahrain in all retail properties.

With total 2.05 million m2 retail area with average lease rate of BD 7.1 per m2 per month, the retail properties receive BD 175 million as rental payments every year. This represents 6.8% of the retail spending.

Table 2: Estimates of Household Spending in Retail Properties Bahrain (2019)

The ratio of rentals as percentage of retail spending is the lowest in Bahrain for GCC countries. In other words, the retail lease rates are the lowest in Bahrain for all GCC countries.

The retail space will undergo some expansion over the next two years as several properties are already under construction (such as Kingdom Mall, Mall of Dilmunia, Marassi Mall, etc.). Over this time period, number of households will also increase due to their natural growth.

We believe that the ratio of rentals to retail spend will decline over the next two years as the retailers will not be willing to pay the same rental levels as before. We project (refer to the chart below), the ratio will decline from 6.8% in 2019 to 6.5% in 2020 and further to 6.3% in 2021.

Projected Trend for Retail Space and Rentals as % of Retail Spending

Keeping in mind all factors such as decline in the rental to retail spend ratio, increase in households, decline in retail spending, we have projected that the rental income of all properties in Bahrain is expected to decline to BD 138 million in 2020 (from BD 175 million in 2019) and further to BD 129 million in 2021. This decline could be the combined effect of higher vacancy and lower lease rates.

We also project that the average lease rate will fall to BD 6.7 per m2 in 2020 and to BD 6.5 per m2 in 2021. This is 5.5% decline in the average lease rate in 2020 and another 3.0% decline in 2021.

Projected Trend for Rentals and Average Lease Rate (per m2)

The rate of decline will vary considerably across locations and across property types. However, suffice to say that the retail space sector is looking at around 8 – 9% decline in average lease rates over the next 12 – 18 months. The decline in lease rates elsewhere in GCC are far higher (around 25 – 30%) but Bahrain is expected to have moderate decline as the lease rates here are already low.

The drop in the lease rentals will lead to substantial decline in retail property valuations. In the first year itself, the combined effect of drop in income and increasing risk premium in the market can lead of substantial devaluation in retail properties. This will present a challenge to the banking sector as many of the retail properties are mortgaged.

Estater (part of REMI) is the largest real estate intelligence platform in Kuwait and Bahrain. With wide raging database on properties across all sectors, Estater use sophisticated Geographical Information Systems (GIS) and data science to map and predict real estate market behavior.

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Covid-19 Impact on Retail Sector

April 4, 2020 | Kuwait Retail Sector | No Comments

One of the key worry for the real estate sector in the current Covid19 pandemic is its impact on the retail sector. While the retailers are worried about the impact on their sales, owners of retail malls and plazas are concerned about the impact on occupancy and lease rates. These two are closely interlinked and this blog creates a small analysis to address this.

Estater estimates that Kuwait by the end of 2019 has around 5.14 million m2 of retail space spread across hundreds of properties. Of this, around 16% is in Grade A retail malls such as The Avenues, 360 Degree, Salhia Complex, Marina Mall, Gate Mall, etc. The remaining 84% includes all the souqs, coops, retail properties in Shuwaikh, Al Rai, Dajeej and hundreds of retail plazas across the country. The occupancy ratio for this entire space is around 90% with average lease rate estimated around KD 14.9 per m2 per month.  

As the theory of retailing shows, a retailer pays anywhere between 7% to 20% of its gross sales as rental to sustain its business. The percentage varies mostly within this range across different cities in the world, different properties and for different shops within each property. Central Statistical Bureau of Kuwait carries out household expenditure survey every five years. The last such survey was done in 2013; before that in 2008. The total expenditure and its breakup for Kuwaiti and non-Kuwaiti households is shown in the table below.

Table 1: Monthly Expenditure pattern 2008-2013 in Kuwait

Using suitable growth rates in line with economic growth between 2013 and 2019, the chart below shows our estimates of monthly household expenditure in 2019. Average monthly expenditure by a Kuwaiti household was KD 3,7091 in 2019 and KD 750.8 by a non-Kuwaiti household.

Chart 1: Monthly Household Expenditure on All Items

Not all this expenditure is done in retail properties; spending on health, education maintenance of houses, etc. is all outside retail properties. Note that spending on “housing, water, electricity, gas and other fuels” alone account for 46% of Kuwaiti household expenditure and 38% non-Kuwaiti household. Using suitable matrix, we have estimated the monthly spending of Kuwaiti and non-Kuwaiti households in retail malls. This is shown in the chart below.

Chart 2: Monthly Household Spending in Retail Properties

Based on our estimates for different spending items, we have projected decline in household retail spending for the year 2020 and 2021. We have accounted for 14% decline in 2020 and another 2% in 2021. Note that most of the retail properties (barring the essential items) are closed for one and half months due to lockdown; this alone can lead to around 8-10% decline in the year 2020. Therefore, 14% decline over the full year due to economic difficulties is very much possible. 

In 2019, there were 310,442 Kuwaiti households and 502,508 non-Kuwaiti households (as per data of Public Authority for Civil Information). Multiplying their respective monthly retail spending, we get KD 6.52 billion as annual spending in Kuwait in all retail properties.

With total 5.14 million m2 retail area with average lease rate of KD 14.9 per m2 per month. This means that the retail properties receive KD 922.3 million as rental payments every year. This represents 14.2% of the rental spending.

Table 2: Estimates of Household Spending in Retail Properties Kuwait (2019)

The retail space will undergo some expansion as a number of properties are already under construction (such as Assima Mall, 360 Degree Outlet Mall, etc.). Over this time period, number of households will also increase due to their natural growth.

We believe that the ratio of rentals to retail spend will decline substantially over the next two years as the retailers will not be able to afford the same rental levels as before. We project (refer to the chart below), the ratio will decline from 14.2% in 2019 to 13.0% in 2020 and further to 12.5% in 2021.

Chart 3: Projected Trend for Retail Space and Rentals as % of Retail Spending

Keeping in mind all factors such as decline in the rental to retail spend ratio, increase in households, decline in retail spending, we have projected that the rental income of all properties in Kuwait is expected to decline to KD 722.8 million in 2020 (from KD 922.3 million in 2019) and further to KD 690.2 million in 2021. This decline could be the combined effect of higher vacancy and lower lease rates.

We also project that the average lease rate will fall to KD 11.1 per m2 in 2020 and to KD 10.4 per m2 in 2021. This is 25.7% decline in the average lease rate in 2020 and another 6.4% decline in 2021.

Chart 4: Projected Trend for Rentals and Average Lease Rate (per m2)

The rate of decline will vary considerably across locations and across property types. However, suffice to say that the retail space sector is looking at more than 30% decline in average lease rates over the next 18 – 21 months.

The drop in the lease rentals will also lead to substantial decline in retail property valuations. In the first year itself, the combined effect of drop in income and increasing risk premium in the market can lead of substantial devaluation in retail properties. This will present a challenge to the banking sector as many of the retail properties are mortgaged.

Estater (part of REMI) is the largest real estate intelligence platform in Kuwait and Bahrain. With wide raging database on properties across all sectors, Estater use sophisticated Geographical Information Systems and data science to map and predict real estate market behavior.

Read More
By Estater