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Al Rashid Mall Jazan is a three-level super regional retail center in Jazans Al Rawdah District, at the intersection of King Fahad Road and Prince Sultan bin Abdul Aziz Street, 82723 Jazan, Saudi Arabia. Built in 2010 and managed by Bonyan REIT Fund, it offers 29,155 sqm GLA supporting 135-211 tenants in mid-market fashion, electronics, family retail, and over 30 F&B outlets. Anchors include Panda, H&M, Lefties, R&B, RedTag, and ACO, with a diverse mix emphasizing affordable brands for local families.
Positioned as Jazans dominant mall in a low-saturation market with two major competitors, it serves a 800,000-person primary catchment (10 km radius) in a 1.5 million region growing at 1.8% annually.
Accessibility via highways, 770 parking spots, and 15-minute proximity to Jazan Airport supports high pedestrian traffic. Occupancy at 92%, average rents 2,500 SAR/sqm/year, sales 20,000 SAR/sqm/year. Footfall: 10,445 daily, 3.65 million annually, dwell time 1.5 hours, 20% conversion.
Leasing advantages: flexible 5-year terms, competitive secondary-market rents, growth from Vision 2030 and youthful demographics (30% under 25, median age 28, 7,657 USD retail spend/capita).
Operational quality includes CCTV security, promotions, but faces inconsistent leasing and underutilized spaces. Market factors: moderate saturation, e-commerce rise (30% adoption), geopolitical border risks.
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Hours of Operation
Hours
| Monday | 09:30 AM — 11:00 PM |
| Tuesday | 09:30 AM — 11:00 PM |
| Wednesday | 09:30 AM — 11:00 PM |
| Thursday | 09:30 AM — 11:00 PM |
| Friday | 02:00 PM — 11:00 PM |
| Saturday | 09:30 AM — 11:00 PM |
| Sunday | 09:30 AM — 11:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographic Profile and Catchment
Jazans population of 1.5 million grows at 1.8% yearly, with primary catchment of 800,000 (4.05% growth) within 10 km. Demographics skew young: 30% under 25, 50% 25-54, median age 28, household size 4.2-4.8, 25% tertiary education, median income 42,492 USD/year, unemployment 5.3%. Retail spending per capita: 7,657 USD (apparel 519 USD, groceries 1,200 USD). Family-oriented mix aligns with local needs, but limited tourist draw and hot climate affect seasonal traffic.
Competition and Market Position
Low rivalry in Jazan with two major malls (Kadi Mall, Jazan Mall) and smaller centers like Al Nakhil, Alshamil. Al Rashid dominates as super regional hub, benefiting from border trade and Vision 2030 diversification. Competitor density low, but e-commerce (99% internet penetration, 30% click-and-collect) and online platforms pose indirect threats. Market saturation moderate; steady local capture without high-end appeal.
Lease Terms, Rents, and Risks
Standard 5-year leases with flexibility for F&B/anchors; average rents 2,500 SAR/sqm/year (1,144-1,710 range), premiums in prime spots. Occupancy 92%, 5% GLA available. Risks: geopolitical tensions near Yemen, aging infrastructure since 2010, traffic congestion, seasonal footfall dips from heat, 1% retail crime rate. Operational challenges include inconsistent store openings; advantages in diverse categories reducing category weaknesses.
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Jazan
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City Snapshot
Jazan
Comprehensive market intelligence for retail expansion in this city
