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Brand Fit Snapshot

Best for:

International ChainsNational ChainsPremium Dining & LifestyleFamily EntertainmentMixed-Use & Office Traffic

Not ideal if:

Budget BrandsHyper-Local Concepts

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Assima Mall, located in the heart of Kuwait City, is a modern mixed-use development that combines a shopping mall, offices, a hotel, and entertainment facilities within a single complex. Opened in late 2021, the mall spans approximately 70,000 square meters of gross leasable area and features an open, contemporary design with natural light and premium finishes. It houses a range of international fashion brands, electronics, dining options, and a state-of-the-art cinema.

The mall is positioned to attract both business and leisure customers due to its central location and mixed-use appeal, though competition from more established malls and traffic congestion in the area are notable considerations.

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Hours of Operation

Hours

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Monday10:00 AM — 10:00 PM
Tuesday10:00 AM — 10:00 PM
Wednesday10:00 AM — 10:00 PM
Thursday10:00 AM — 11:00 PM
Friday10:00 AM — 11:00 PM
Saturday10:00 AM — 11:00 PM
Sunday10:00 AM — 10:00 PM
Holiday Hours

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

1 شارع عبدالمنعم رياض،, Kuwait City, Kuwait

Insights

Strong Central Location

Assima Mall benefits from its strategic position in the central business district of Kuwait City, making it highly accessible to office workers, residents, and tourists. This prime location ensures consistent footfall during weekdays and weekends, appealing to retailers seeking visibility and traffic from diverse customer segments.

Modern Mixed-Use Concept

The property’s integration of retail, hospitality, office, and entertainment components creates multiple streams of visitors, which can help sustain traffic beyond typical shopping hours. This format aligns with trends toward experiential retail but also requires retailers to adapt to diverse visitor patterns and expectations.

Competitive Challenges

Despite its strengths, Assima Mall faces intense competition from well-established malls like The Avenues and Marina Mall, which already command strong loyalty and wider brand selections. Retailers should weigh the premium rent levels against potential market share and consider niche positioning or differentiated concepts to succeed here.

Building Details

Property Type
Regional
Gross Leasable Area
70,000
Year Built
2021
Parking Spaces
1750
Average Monthly Footfall
833,333
Owner
Salhia Real Estate Co.
Anchor Tenants
Zara, Monoprix, IKEA, National Geographic Ultimate Explorer, UFC Gym, LC Waikiki, Bershka

Detailed Market Analytics

Primary Catchment Area
5 km
Secondary Catchment Area
15 km
Catchment area population
500,000 People
Population growth rate
2.5 %
Median age
29 Years
Household size
5.2 People
Education level (tertiary)
45.0 %

Median household income
36,000 KWD per year
Unemployment rate
2.1 %
Cost of living index
70 Index

Retail spending per capita
4,500 KWD per year
Spending on apparel
900 KWD per year
Spending on groceries
1,200 KWD per year
Spending on electronics
600 KWD per year

Annual foot traffic
10,000,000 Visitors
Dwell time
2.5 Hours
Conversion rate
30.0 %
Sales per square meter
3,500 KWD per year

Number of retail stores
198 Stores
Anchor tenant presence
Yes
Competitor density (same category)
5 Malls within 10 km
Tenant diversity
70.0 %
Unique Concepts
15 Concepts

Gross Leasable Area
70,000 Square meters
Number of Levels
6 Levels
Average rent per square meter
600 KWD per year
Vacancy rate
5.0 %
Lease term flexibility
High
Available retail space
3,500 Square meters

Proximity to main roads
0.5 km
Public transport access
Yes
Parking spaces
1,750 Spaces
Pedestrian traffic
High

E-commerce competition
Moderate
Click-and-collect adoption
40.0 %
Internet penetration
95.0 %

Retail crime rate
Low
Security measures
High

Promotional events
50 Events per year
Loyalty program penetration
35.0 %
Digital signage presence
Yes

Projected foot traffic growth
5.0 %
New tenant pipeline
10 Tenants
Mall expansion plans
No
City Snapshot
Kuwait City

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City Snapshot
Kuwait City

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