Riyadh Office Real Estate Market by Major Projects (Elegance Tower, Al Saedan Towers, Tijan Plaza, Hamad Tower, Tatweer Tower) - Outlook to 2021

  • ID: 4482575
  • Report
  • Region: Saudi Arabia
  • 60 Pages
  • Ken Research Private Limited
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FEATURED COMPANIES

  • Al Saedan Towers
  • Elegance Tower
  • Hamad Tower
  • Tatweer Tower
  • Tijan Plaza
  • MORE

The report titled “Riyadh Retail Real Estate Market Outlook to 2021 - Oversupply and Downward Stress on Rental Rates to Trigger Cautions Outlook” provides a comprehensive analysis of the retail real estate sector in Riyadh. The report covers current and future retail demand and supply on the basis of gross leasing area. Retail mall categories along with their annual rental rates have also been presented in the report. In addition, current and future supply gap along with upcoming retail projects have also been showcased in the report. This report will help industry consultants, real estate and construction companies, potential entrants and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Evolution of the retail sector has transformed the Kingdom’s landscape from small unorganized retail outlets and line shops to the development of large scale shopping malls with international brands, entertainment zones and world class hypermarkets. The primary reason for this trend is because retailers have realized the higher footfall from regional and super regional malls as a result of integrated spaces and shift in consumer shopping experience towards leisure and entertainment.

Apart from the rising tourism in Riyadh, more domestic households opting to stay within the country during vacations have resulted in higher retail earnings. Saudi Arabian General Investment Authority (SAGIA) had announced during 2015 to allow 100% foreign ownership in retail businesses. This move is expected to increase demand for retail space by international brands in the coming years.
Retail Mall Categories 

Average Rental Rates
The rental rate charged by mall developers varies across different mall categories in Riyadh. It is evident that rental rates for regional and super regional mall are much higher in comparison to community centers and stand alone stores because of better location, potential to get international brands and reputed anchor stores to the mall and robust infrastructure facilities. Within these regional and super regional malls however, rental rates differ based on area, location within the mall and brand power.

Key Topics Covered in the Report:

  • Overview of The Retail Real Estate Market in Saudi Arabia
  • Factors influencing the sector of retailing in Saudi Arabia
  • Retail Demand-Supply and Supply Gap Analysis in Riyadh
  • Retail Mall Categories and Average Retail Rental Rates in Riyadh
  • Future Retail Demand-Supply, Supply Gap Analysis and Key upcoming Malls in Riyadh City
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Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Al Saedan Towers
  • Elegance Tower
  • Hamad Tower
  • Tatweer Tower
  • Tijan Plaza
  • MORE

1. Executive Summary
Introduction
Retail Demand And Supply
Retail Mall Categories
Average Rental Rates
Future Retail Demand And Supply

2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Sizing And Modeling
Consolidated Research Approach
Limitations

3. Saudi Arabia Retail Real Estate Market
3.1. Overview
3.2. Factors Influencing The Sector Of Retailing In Saudi Arabia
Retail Spending Trends
Increasing Growth And Expenditure By The Youth Population
Rising Disposable Income
Increasing Presence Of Hypermarkets And Supermarkets
Easing Government Regulation
Riyadh’S Annual Shopping Festival
Lack Of Recreational Activities
Climate Conditions
Rental Practice And Lease Term Contracts

4. Riyadh Retail Real Estate Market
4.1. Retail Demand And Supply, 2012-2016
4.1.1. Retail Supply
2012
2013
2014
2015
2016
4.1.2. Retail Demand
2012
2013
2014
2015
2016
4.1.3. Supply And Demand Gap, 2012-2016
4.2. Retail Mall Categories, 2016
4.2.1. Average Rental Rates, 2012-2016
4.3. Future Retail Demand And Supply, 2017-2021
Future Retail Supply
Major Retail Projects
Future Retail Demand (2017-2021)
Key Upcoming Malls In Riyadh City
4.3.1. Future Outlook And Future Supply And Demand Gap, 2017-2021

5. Analyst Recommendations

6. Case Studies
6.1. Khurais Mall
6.2. Othaim Mall (Eastern Ring Road)
6.3. Othaim Mall (Khurais Road)
6.4. Al Sadhan Mall (Khurais Road)
 
List Of Figures
Figure 3 1: Retail Spending In Saudi Arabia By Food Retail And Non-Food Retail Sales In Sar Billion, 2012-2016
Figure 3 2: Total Population Of Saudi Arabia In Million And Growth Rate In Percentage, 2012-2016
Figure 3 3: Saudi Arabia Disposable Income In Sar Billion And Growth Rate In Percentage (%), 2012-2016
Figure 4:1: Major Existing And Future Retail Malls, Riyadh (As Of 4Th Quarter, 2012)
Figure 4:2: Major Existing And Future Retail Malls, Riyadh (As Of 3Rd Quarter, 2013)
Figure 4:3: Major Existing And Future Retail Malls, Riyadh (As Of 1St Quarter, 2014)
Figure 4 4: Riyadh Retail Real Estate Market Demand And Supply On The Basis Of Gross Leasing Area (Gla) In Thousand Square Meters, 2012-2016
Figure 4 5: Supply And Demand Gap In Riyadh Retail Real Estate Market On The Basis Of Gross Leasing Area (Gla) In Thousand Square Meters, 2012-2016
Figure 4 6: Retail Mall Categories In Riyadh Real Estate Market By Retail Supply On The Basis Of Gross Leasing Area In Percentage (%), 2016
Figure 4 7: The Annual Average Retail Rental Rate In Riyadh Real Estate Market In Sar Per Sq M, 2012-2016
Figure 4 8: Riyadh Retail Real Estate Market Demand And Supply On The Basis Of Gross Leasing Area (Gla) In Thousand Square Meters, 2017-2021
Figure 4 9: Future Supply And Demand Gap In Riyadh Retail Real Estate Market On The Basis Of Gross Leasing Area (Gla) In Thousand Square Meters, 2017-2021
Figure 6 1: Ground Floor Layout Of Khurais Mall
Figure 6 2: First Floor Layout For Khurais Mall
Figure 6 3: Façade Of Khurais Mall
Figure 6 4: Ground Floor Interior View Of Khurais Mall
Figure 6 5: First Floor Interior View Of Khurais Mall
Figure 6 6: Second Floor Interior View Of Khurais Mall
Figure 6 7: Food Retail Outlet At Khurais Mall
Figure 6 8: Retail Outlets At Khurais Mall
Figure 6 9: Interior View Of Billy Beez (Entertainment Zone) At Khurais Mall
Figure 6 10: Ground Floor Layout Of Othaim Mall On Eastern Ring Road
Figure 6 11: First Floor Layout Of Othaim Mall On Eastern Ring Road
Figure 6 12: Second Floor Layout Of Othaim Mall On Eastern Ring Road
Figure 6 13: Third Floor Layout Of Othaim Mall On Eastern Ring Road
Figure 6 14: Façade Of Othaim Mall (Eastern Ring Road)
Figure 6 15: Parking Layout At Othaim Mall (Eastern Ring Road)
Figure 6 16: Ground Floor Interior View At Othaim Mall (Eastern Ring Road)
Figure 6 17: Retail Outlets At Othaim Mall (Eastern Ring Road)
Figure 6 18: Food Outlets At Othaim Mall (Eastern Ring Road)
Figure 6 19: Interior View Of Saffori Land (Entertainment Zone) At Othaim Mall (Eastern Ring Road)
Figure 6 20: Ground Floor Layout Of Othaim Mall On Khurais Road
Figure 6 21: First Floor Layout For Othaim Mall On Khurais Road
Figure 6 22: Second Floor Layout Of Othaim Mall On Khurais Road
Figure 6 23: Façade Of Othaim Mall (Khurais Road)
Figure 6 24: Parking Layout At Othaim Mall (Khurais Road)
Figure 6 25: Façade And Parking Layout At Othaim Mall (Khurais Road)
Figure 6 26: Retail Outlet At Othaim Mall (Khurais Road)
Figure 6 27: Façade Of Al Sadhan Mall (Khurais Road)
 
List Of Tables
Table 3 1: Retail Real Estate Market Overview By Cities (Riyadh And Jeddah), 2016
Table 3 2: Youth Population Of Saudi Arabia In Million And Growth Rate In Percentage, 2012-2016
Table 4 1: Retail Mall Categories In Riyadh Real Estate Market By Retail Supply And Demand On The Basis Of Gross Leasing Area In Thousand Sq M, 2016
Table 4 2: Number Of Retail Malls By Categories In Riyadh As Of June, 2017
Table 4 3: Major Super-Regional, Regional And Community Centers In Riyadh
Table 4 4: Annual Retail Rental Rate In Riyadh By Retail Mall Categories (Super-Regional, Regional And Community Centers) On The Basis Of Sar/Sqm, 2016
Table 4 5: List Of Riyadh’S Retail Developments Projects In The Pipeline, 2016-2021
Table 5 1: Analyst Recommendation For Existing And New Retail Real Estate Companies In Saudi Arabia
Table 6 1: Retail Profiling Of Khurais Mall Including Overview, Owner And Operator, Gla, Average Rental Rate, Occupancy Rate And Other Indicators, 2016
Table 6 2: Retail Outlets In Khurais Mall By Categories (Fashion, Cosmetics And Perfume, Jewellery And Watches, Services And Others), 2016
Table 6 3: Swot Analysis For Khurais Mall
Table 6 4: Retail Profiling Of Othaim Mall (Eastern Ring Road) Including Overview, Owner And Operator, Gla, Average Rental Rate, Occupancy Rate And Other Indicators, 2016
Table 6 5: Swot Analysis For Othaim Mall (Eastern Ring Road)
Table 6 6: Retail Profiling Of Othaim Mall (Khurais Road) Including Overview, Owner And Operator, Gla, Average Rental Rate, Occupancy Rate And Other Indicators, 2016
Table 6 7: Swot Analysis Of Othaim Mall (Khurais Road)
Table 6 8: Retail Profiling Of Al Sadhan Mall (Khurais Road) Including Overview, Owner And Operator, Gla, Average Rental Rate, Occupancy Rate And Other Indicators, 2016
Table 6 9: Swot Analysis For Al Sadhan Mall (Khurais Road)

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  • Elegance Tower
  • Al Saedan Towers
  • Tijan Plaza
  • Hamad Tower
  • Tatweer Tower
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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