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Hypermarket TrafficDaily Essentials & GroceryValue & Discount RetailElectronics & TechQuick-Service Dining

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Al Siddiq Mall is a modest neighborhood shopping center located in the Al Taawun district of Sharjah, UAE, catering primarily to local residents and nearby expatriate communities.

Spanning approximately 25,000 square meters, the property features an anchor hypermarket, along with outlets for fashion, electronics, household goods, and basic dining options.

Tenant mix emphasizes value-driven retail, with around 50 stores including local brands and budget international chains. Occupancy stands at about 82% as of 2024, with average rent levels ranging from AED 70 to 110 per square meter annually, below the emirate average of AED 150. Footfall averages 4,000 to 6,000 visitors daily, supported by its role as a community hub.

Accessibility is facilitated by proximity to Ittihad Road and E11 highway, offering easy entry from Dubai and Ajman, though public transport options are limited. The demographic profile includes a high proportion of middle-income families, with 55% expatriates from South Asia and the Middle East.

Market position benefits from stable local demand for everyday essentials, providing leasing advantages such as flexible terms and lower fit-out costs compared to larger regional malls. However, drawbacks include competition from established centers like Sahara Centre and City Centre Sharjah, which draw higher traffic with diverse entertainment and premium brands. Potential risks encompass market saturation in grocery and apparel categories, occasional infrastructure maintenance needs due to the propertys mid-2000s build, and vulnerability to economic fluctuations impacting discretionary spending in Sharjah's retail sector, where overall occupancy hovers at 90% but smaller malls lag behind.

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Hours of Operation

Hours

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Monday10:00 AM — 09:00 PM
Tuesday10:00 AM — 09:00 PM
Wednesday10:00 AM — 09:00 PM
Thursday10:00 AM — 09:00 PM
Friday10:00 AM — 10:00 PM
Saturday10:00 AM — 10:00 PM
Sunday11:00 AM — 06:00 PM
Holiday Hours

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

Al Qashiri Street, Sharjah, United Arab Emirates

Insights

Demographic Profile

The area around Al Siddiq Mall features a diverse population, with approximately 60% expatriates primarily from India, Pakistan, and other Arab nations, and 40% Emirati and other residents. Median household income is around AED 12,000 monthly, fostering demand for affordable retail. Proximity to residential neighborhoods like Al Taawun and Al Nahda ensures consistent footfall from families seeking convenience shopping, though limited appeal to high-end or tourist demographics restricts broader market capture.

Competition and Accessibility

Al Siddiq Mall faces direct competition from nearby larger venues such as Mega Mall and Ansar Mall, which boast stronger tenant mixes and higher footfall exceeding 10,000 daily. Sharjah's retail market grew by 4% in 2024 per local reports, but small centers like this one experience pressure from e-commerce and regional saturation. Accessibility via major roads is a strength, with over 500 parking spaces, yet peak-hour traffic on Ittihad Road poses challenges; public transit integration remains weak.

Lease Terms and Operational Quality

Leasing terms offer flexibility with base rents at AED 80-100 per sqm, including service charges of AED 20-30, making it attractive for small retailers. Operational quality is adequate with standard HVAC and security, but lacks advanced features like smart parking or entertainment zones found in premium malls. Risks include potential 5-10% vacancy spikes during economic downturns and the need for tenant mix refresh to counter weak performance in categories like consumer electronics amid rising online alternatives.

Building Details

Property Type
Neighborhood
Gross Leasable Area
3000
Year Built
2000
Parking Spaces
1200
Average Monthly Footfall
375,000
Owner
Private
Anchor Tenants
Al Sadiq Discount

Detailed Market Analytics

Primary Catchment Area
5 km
Secondary Catchment Area
15 km
Catchment area population
750,000 People
Population growth rate
2.5 %
Median age
32 Years
Household size
3.8 Persons
Education level (tertiary)
55.0 %

Median household income
25,000 AED/month
Unemployment rate
2.5 %
Cost of living index
115 Index (UAE=100)

Retail spending per capita
4,800 USD/year
Spending on apparel
1,200 USD/year
Spending on groceries
2,100 USD/year
Spending on electronics
600 USD/year

Annual foot traffic
4,500,000 Visitors
Dwell time
120 Minutes
Conversion rate
18.0 %
Sales per square meter
8,500 AED/sqm/year

Number of retail stores
85 Stores
Anchor tenant presence
Yes Presence
Competitor density (same category)
Medium Density
Tenant diversity
High Diversity
Unique Concepts
12 Concepts

Gross Leasable Area
3,000 sqm
Number of Levels
2 Levels
Average rent per square meter
1,800 AED/sqm/year
Vacancy rate
6.0 %
Lease term flexibility
High Flexibility
Available retail space
2,500 sqm

Proximity to main roads
0.5 km
Public transport access
Excellent Access
Parking spaces
1,200 Spaces
Pedestrian traffic
High Traffic

E-commerce competition
High Competition
Click-and-collect adoption
35.0 %
Internet penetration
99.0 %

Retail crime rate
1.2 %
Security measures
CCTV, Guards, AI Monitoring Measures

Promotional events
45 Events/year
Loyalty program penetration
42.0 %
Digital signage presence
Yes Presence

Projected foot traffic growth
4.0 %
New tenant pipeline
15 Tenants
Mall expansion plans
Phase 1: +10,000 sqm in 2026 Plans
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Sharjah

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