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Best for:

Daily Essentials & GroceryQuick-Service DiningNational ChainsLocal ServicesHypermarket Traffic

Not ideal if:

Ultra-Luxury PositioningLarge Footprint RetailDestination Retail

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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

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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.

Falastin Street, Jeddah, Saudi Arabia

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

Property Type
Shopping Centre
Gross Leasable Area
4500
Year Built
1990
Parking Spaces
500
Average Monthly Footfall
100,000
Owner
BinDawood Holding
Anchor Tenants
BinDawood Supermarket

Detailed Market Analytics

Primary Catchment Area
5 km
Secondary Catchment Area
20 km
Catchment area population
500,000 People
Population growth rate
1.8 %
Median age
30 Years
Household size
5.2 Persons
Education level (tertiary)
32.0 %

Median household income
72,000 SAR/Year
Unemployment rate
5.5 %
Cost of living index
65 Index (NY=100)

Retail spending per capita
12,000 SAR/Year
Spending on apparel
2,500 SAR/Year
Spending on groceries
18,000 SAR/Year
Spending on electronics
3,200 SAR/Year

Annual foot traffic
1,200,000 Visitors
Dwell time
45 Minutes
Conversion rate
75.0 %
Sales per square meter
8,500 SAR/Year

Number of retail stores
45 Stores
Anchor tenant presence
Yes
Competitor density (same category)
4 Malls/10km
Tenant diversity
60.0 %
Unique Concepts
5 Concepts

Gross Leasable Area
4,500 sqm
Number of Levels
2 Levels
Average rent per square meter
2,200 SAR/sqm/Year
Vacancy rate
5.0 %
Lease term flexibility
Moderate
Available retail space
800 SQM

Proximity to main roads
Direct
Public transport access
Moderate
Parking spaces
500 Spaces
Pedestrian traffic
Medium

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

Retail crime rate
Low
Security measures
Advanced

Promotional events
Weekly
Loyalty program penetration
35.0 %
Digital signage presence
Yes

Projected foot traffic growth
10.0 %
New tenant pipeline
3 Tenants
Mall expansion plans
Ongoing
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