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Bin Dawood Center is a community-oriented shopping center in Jeddah's Al Naeem district, anchored by the prominent Bin Dawood supermarket chain.
Spanning about 12,000 square meters of gross leasable area, it caters to everyday needs with a tenant mix focused on groceries, household goods, basic apparel, pharmacies, and quick-service eateries. Established in the late 1990s, the center serves a local population of middle-income residents in northern Jeddah, benefiting from its location on Prince Sultan Street for vehicle access and public transport links.
Jeddah's retail sector is dynamic, with total mall GLA exceeding 2 million sqm citywide, but community centers like this one provide essential convenience amid a growing population of 4.7 million. Occupancy rate hovers at 90%, supported by the anchor tenant occupying 35% of space, while average annual rents are SAR 220-280 per sqm, lower than the SAR 400+ in premium malls. Daily footfall averages 4,500 visitors, primarily grocery-driven, with peaks during weekends and holidays.
The demographic profile includes families with average household incomes of SAR 12,000-18,000, aged 25-50, including Saudi nationals and expatriates.
Leasing advantages encompass reliable traffic from essential retail, flexible lease terms of 3-5 years, and opportunities for pop-up stores. Drawbacks involve competition from larger venues like Al Salam Mall (10km away) and e-commerce pressures on physical grocery sales. Market reports from 2024 note Jeddah's community mall vacancy at 10-15%, with steady performance in food-anchored properties despite overall retail growth of 5% YoY.
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Hours of Operation
Hours
| Monday | 10:00 AM — 09:00 PM |
| Tuesday | 10:00 AM — 09:00 PM |
| Wednesday | 10:00 AM — 09:00 PM |
| Thursday | 10:00 AM — 09:00 PM |
| Friday | 10:00 AM — 10:00 PM |
| Saturday | 10:00 AM — 10:00 PM |
| Sunday | 11:00 AM — 06:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Accessibility
The catchment area within 3km radius has 8,000 residents, mainly middle-class families and young professionals with median age 32 and household size 4.5. Accessibility is strong via Prince Sultan Road, with parking for 300 vehicles and bus stops nearby, though traffic congestion during peak hours can deter some shoppers. This supports consistent local patronage but limits draw from tourists compared to coastal malls.
Competition and Tenant Mix
Intense competition from established malls like Mall of Arabia (15km south) with 15,000 daily visitors and diverse luxury brands pressures smaller centers. Bin Dawood Center's tenant mix is practical: 40% grocery, 25% services (pharmacy, bank), 20% F&B, 15% apparel, featuring local chains and few internationals. This focus ensures stability but restricts high-end leasing opportunities amid Jeddah's saturated fashion category.
Operational Quality and Risks
Infrastructure from 1997 shows signs of wear, with recent upgrades to HVAC and facades costing SAR 5 million in 2023. Occupancy at 90% reflects solid operations, but risks include rising utility costs (up 12% in 2024) and market saturation in groceries, where online platforms capture 15% share. Lease incentives like rent-free periods (1-3 months) aid new tenants, yet economic volatility tied to oil prices impacts discretionary spending.
Building Details
Detailed Market Analytics
City Snapshot
Jeddah
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City Snapshot
Jeddah
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