Kingdom of Saudi Arabia Retail Market Dynamics, Q1 2025

Reflected by falling vacancy rates and increasing rental rates in both Riyadh and Jeddah, primarily in community and superregional malls.

Cinemas, F&B outlets, and sports and entertainment facilities such as padel courts and arcades are becoming integral components of modern shopping centers.

Destination and lifestyle developments in open-air mall formats are gaining prominence, blending shopping with entertainment and dining experiences.

New supply creates competitive environment, leading to rent discounts and favourable terms for occupiers.