Title: Riyadh Retail Real Estate Market, Shopping Malls in Saudi Arabia - Ken Research
1Oversupply and Downward Stress on Rental Rates to
Trigger Cautions Outlook in Riyadh Retail Real
Estate Market Ken Research
2The increasing household expenditure on retail
outlets, easing government regulation on FDI in
the retail sector and lack of recreational
activities coupled with annual shopping festivals
will have a positive impact on Riyadhs Retail
Real Estate Market.
3The report titled Riyadh Retail Real Estate
Market to 2021- Oversupply and Downward Stress on
Rental Rates to Trigger Cautions Outlook by Ken
Research suggests a robust CAGR of 17.2 and
14.8 in terms of retail supply and retail demand
in Riyadh, respectively. The completion of major
super-regional and regional malls including KAFD,
ITCC, Jardin Mall, Mall or Arabia and Al Diriyah
Festival Mall will boost retail supply in the
coming years. The evolution of the retail
sector has transformed the Kingdoms landscape
from small and unorganized retail outlets to the
development of large scale shopping malls with
international brands, entertainment zones, theme
parks and world class hypermarkets and
supermarkets. Majority of the kingdoms retail
outlets, especially in Riyadh and Jeddah are
spread across super regional and regional malls.
4- These formats have replaced traditional line
stores and community shopping centers. High
disposable income and government initiatives to
diversify the economy and encourage foreign
investment and ownership have led cities such as
Riyadh and Jeddah to become the centre of
attraction for international luxury brands. - The retail sector in Riyadh has witnessed robust
performance during the review period despite the
steady increase in gross leasing area. The
primary reason for this trend is because shopping
is considered to be one of the few available
recreational activities in the city, indicating
that the market can support a higher GLA per
capita in the coming years. - The total retail supply in Riyadh inclined from
1.2 million square meters during 2012 to 1.5
million square meters of gross leasing area
during 2016, registering a CAGR of 5.7 during
the same period.
5Total occupied retail space inclined to 1.44
million square meters during 2016 from
approximately 1.1 million square meters during
2012 achieving a CAGR of 7.1 during the same
period. Key Topics Covered in the Report Ksa
Real Estate Market Shopping Centres in Riyadh Ksa
Retail Real Estate Market Riyadh Retail Real
Estate Market Real Estate Companies Malls
Riyadh Al Sadhan Malls in Riyadh Riyadh Shopping
Mall Market Shopping Malls in Saudi Arabia
6- For further reading click on the link below
- https//www.kenresearch.com/manufacturing-and-cons
truction/real-estate/riyadh-retail-real-estate-mar
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7Contact Ken Research Ankur Gupta, Head
Marketing Communications query_at_kenresearch.com
91-124-4230204