NEW

Brand Fit Snapshot

Best for:

Family EntertainmentCinema & LeisureQuick-Service DiningSpecialty RetailNational Chains

Not ideal if:

Hyper-Local Concepts

Similar properties you might like:

Want to know if your brand fits?
Quick assessment - takes 30 seconds
Check Your Fit

Al Hokair Time Malaqa is an entertainment-oriented retail center situated on King Salman Bin Abdulaziz Road in Riyadh, Saudi Arabia, operational since 2018. The property encompasses 40,000 square meters of gross leasable area over two levels, hosting 100 stores with 70 percent tenant diversity, including an anchor tenant, 10 unique concepts, and a pipeline of 5 new tenants. Occupancy remains stable at 95 percent, with 2,000 square meters available for lease.

Annual footfall reaches 2.5 million visitors, bolstered by 3 percent projected growth, 90-minute average dwell time, and high pedestrian traffic.

Accessibility benefits from proximity 0.5 kilometers to major roads, public transport connectivity, and 1,200 parking spaces. The primary 5-kilometer catchment area supports 500,000 residents, featuring a median age of 28 years, average household size of 5.2, 35 percent tertiary education attainment, median income of 60,000 SAR, 6.5 percent unemployment, and a cost of living index of 65. Rent averages 2,500 SAR per square meter with medium-term lease flexibility.

Operations include high security, low crime rates, 12 annual promotional events, 40 percent loyalty program engagement, and digital signage integration. Visitors cite shopping (40 percent), dining (35 percent), and home decor (25 percent) as primary draws, yielding 25 percent conversion and 30 percent click-and-collect usage amid 95 percent internet penetration. Positioned in a competitive landscape with three similar malls and moderate e-commerce influence, it achieves 15,000 SAR sales per square meter and 12,000 SAR per capita retail spend, with category breakdowns of 3,000 SAR apparel, 4,500 SAR groceries, and 2,000 SAR electronics.

Leasing opportunities favor family-targeted retail due to demographic alignment, though absence of expansion plans and demands for enhanced family amenities, international dining, and trendy fashion may pose retention risks in a saturated Riyadh market.

For Advertisers
Advertise at this property?

Reach high-intent shoppers across digital screens, atria, and experiential placements.

Zara storefront photo

Zara

Fashion & Apparel
Floor Ground Floor
Sky Zone Trampoline storefront photo

Sky Zone Trampoline

Entertainment & Leisure
Floor First Floor

Sky Zone Trampoline Park at Al Hokair Time Malaqa in Riyadh offers a dynamic ...

Round9 storefront photo

Round9

Entertainment & Leisure
Floor First Floor
Starbucks storefront photo

Starbucks

Food & Dining
Floor Ground Floor

The Starbucks at Al Hokair Time Mall in Riyadh offers a welcoming environment...

Al Hokair Time storefront photo

Al Hokair Time

Entertainment & Leisure
Floor Ground Floor

Al Hokair Time at Al Hokair Time Malaqa is a premier family entertainment cen...

Pizzo storefront photo

Pizzo

Food & Dining
Floor Ground Floor

Pizzo is a unique addition to Al Hokair Time Malaqa, a vibrant entertainment-...

Hours of Operation

Hours

Checking...
Monday04:00 PM — 11:00 PM
Tuesday04:00 PM — 11:00 PM
Wednesday04:00 PM — 11:00 PM
Thursday12:00 PM — 12:00 AM
Friday02:00 PM — 12:00 AM
Saturday10:00 AM — 11:00 PM
Sunday04:00 PM — 11:00 PM
Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

King Salman Bin Abdulaziz Road, Riyadh, Saudi Arabia

Insights

Demographics and Catchment Profile

The primary catchment area within 5 kilometers encompasses 500,000 residents, with secondary reach to 15 kilometers, exhibiting 2.5 percent population growth. Median age stands at 28 years, with household sizes averaging 5.2 persons, reflecting family-centric demographics suitable for entertainment and leisure retail. Tertiary education levels at 35 percent correlate with moderate disposable income, evidenced by 60,000 SAR median household earnings and 12,000 SAR annual per capita retail spending. Unemployment at 6.5 percent and a cost of living index of 65 indicate affordability, supporting consistent footfall. However, reliance on young families may limit appeal for luxury or high-end segments, potentially capping premium lease rates in comparison to upscale Riyadh centers.

Tenant Mix and Performance Metrics

Featuring 100 stores across retail, dining, and entertainment, the tenant mix emphasizes 70 percent diversity with anchors driving traffic. Annual footfall of 2.5 million yields 15,000 SAR sales per square meter, with 95 percent occupancy and 5 percent vacancy. Dwell time averages 90 minutes, enhanced by 12 promotional events and 40 percent loyalty penetration. Visitor motivations skew toward shopping (40 percent) and dining (35 percent), fostering 25 percent conversion rates and 30 percent click-and-collect adoption. Operational strengths include high security and digital tools, yet limited unique concepts (10 stores) and no expansion plans may hinder adaptation to evolving consumer preferences, risking stagnation in sales growth amid Riyadh's 4 percent annual rent escalation.

Competition and Leasing Risks

Three nearby malls in the entertainment category intensify competition, compounded by moderate e-commerce pressures eroding physical sales in apparel and electronics categories. Average rents at 2,500 SAR per square meter align with market norms but face upward trajectory to 2,848 SAR in Riyadh, potentially straining mid-tier tenants.

Drawbacks include insufficient family amenities and diverse dining options, prompting shopper feedback for interactive zones and international cuisine to boost dwell time. Without infrastructure upgrades, aging elements post-2018 opening could elevate maintenance costs. Leasing advantages lie in medium flexibility and stable occupancy, but market saturation risks turnover if tenant pipeline (5 stores) underperforms, advising due diligence on category overlaps and demographic shifts.

Building Details

Property Type
Entertainment
Gross Leasable Area
40,000
Year Built
2018
Parking Spaces
1200
Average Monthly Footfall
208,333

Detailed Market Analytics

Primary Catchment Area
5 Kilometers
Secondary Catchment Area
15 Kilometers
Catchment area population
500,000 People
Population growth rate
2.5 %
Median age
28 Years
Household size
5.2 People
Education level (tertiary)
35.0 %

Median household income
60,000 SAR
Unemployment rate
6.5 %
Cost of living index
65 Index

Retail spending per capita
12,000 SAR
Spending on apparel
3,000 SAR
Spending on groceries
4,500 SAR
Spending on electronics
2,000 SAR

Annual foot traffic
2,500,000 Visitors
Dwell time
90 Minutes
Conversion rate
25.0 %
Sales per square meter
15,000 SAR

Number of retail stores
100 Stores
Anchor tenant presence
Yes
Competitor density (same category)
3 Malls
Tenant diversity
70.0 %
Unique Concepts
10 Stores

Gross Leasable Area
40,000 Square Meters
Number of Levels
2 Levels
Average rent per square meter
2,500 SAR
Vacancy rate
5.0 %
Lease term flexibility
Medium
Available retail space
2,000 Square Meters

Proximity to main roads
0.5 Kilometers
Public transport access
Yes
Parking spaces
1,200 Spaces
Pedestrian traffic
High

E-commerce competition
Moderate
Click-and-collect adoption
30.0 %
Internet penetration
95.0 %

Retail crime rate
Low
Security measures
High

Promotional events
12 Events
Loyalty program penetration
40.0 %
Digital signage presence
Yes

Projected foot traffic growth
3.0 %
New tenant pipeline
5 Stores
Mall expansion plans
No
City Snapshot
Riyadh

Comprehensive market intelligence for retail expansion in this city

Market DataDemographicsTenant Mix
Get City Snapshot
City Snapshot Report Preview
Sample

Discover more shopping centers in Riyadh.

Top retail destinations across Saudi Arabia.

For Advertisers
Advertise at this property?

Reach high-intent shoppers across digital screens, atria, and experiential placements.

City Snapshot
Riyadh

Comprehensive market intelligence for retail expansion in this city

Market DataDemographicsTenant Mix
Get City Snapshot
City Snapshot Report Preview
Sample
Brands Wanted · 5,400 SF

1–1.5 year lease, below market rent, 2nd-generation, fully operational, cosmetic build-out only — move-in ready

At Market Street – The Woodlands, TX, USA

More Info