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Premium Dining & LifestyleHealth & WellnessSpecialty RetailInternational ChainsMixed-Use & Office Traffic

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Jeddah Vibes is a newly opened neighborhood strip mall located on Tahlia Street in Jeddah, Saudi Arabia, spanning 34,000 square meters total with 14,000 square meters of gross leasable area across two levels and 500 parking spaces. Launched in early 2026, it features 54 shops emphasizing a lifestyle-oriented tenant mix, including retail outlets, global cuisine restaurants, cafes, a shisha lounge, wellness centers, fitness facilities, and entertainment options.

Positioned as a social hub in one of Jeddah's premier commercial districts, it benefits from the city's expanding retail market, valued at USD 14.44 billion in 2026 with a projected CAGR of 7.73% through 2031. Tahlia Street's high footfall, driven by a diverse demographic of 35% Saudi nationals, 25% GCC residents, 20% Western expatriates, and 20% Asian workers, supports strong accessibility via major roads and proximity to residential areas.

Occupancy rates in Jeddah's retail sector remain robust at around 95%, though slight declines have been noted in Q2 2025. Average rent levels hover at SAR 2,465 per square meter annually, with premium positioning potentially commanding higher rates for anchor tenants.

Leasing advantages include flexible terms for F&B and lifestyle brands, supported by growing tourism and Vision 2030 initiatives boosting disposable incomes. However, as a newer development, it faces integration challenges in a competitive landscape with established malls like Red Sea Mall nearby, where market saturation in dining categories could impact performance.

Operational quality is high with modern infrastructure, but long-term footfall metrics are yet to stabilize post-opening.

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Hours of Operation

Hours

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Monday11:00 AM — 11:00 PM
Tuesday11:00 AM — 11:00 PM
Wednesday11:00 AM — 11:00 PM
Thursday11:00 AM — 11:00 PM
Friday11:00 AM — 12:00 AM
Saturday11:00 AM — 12:00 AM
Sunday11:00 AM — 11:00 PM
Holiday Hours

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

Prince Mohammed Bin Abdulaziz Street, Jeddah, Saudi Arabia

Insights

Demographic Profile and Footfall

Tahlia Street attracts a vibrant demographic mix, including 35% Saudi nationals with high disposable incomes, 25% GCC visitors, 20% Western expatriates, and 20% Asian professionals, fostering daily footfall estimated at tens of thousands based on district traffic patterns. Jeddah's overall retail footfall has grown 12% year-over-year in 2025, supported by population expansion to over 4.5 million and tourism influx. This profile suits lifestyle retail and F&B, but seasonal fluctuations from Hajj and summer heat may reduce mid-week visits, requiring adaptive marketing to maintain consistent traffic.

Tenant Mix and Occupancy

The tenant mix prioritizes experiential offerings with 40% F&B (global cuisines, cafes, shisha), 30% retail, and 30% wellness/entertainment, achieving initial occupancy near 90% due to premium leasing strategies. Jeddah's retail occupancy averaged 95% in 2025, bolstered by economic diversification, though strip malls like this face 5-10% vacancy risks from tenant turnover in competitive categories. Strengths include diverse anchors enhancing dwell time, but weaknesses arise from limited big-box retailers, potentially capping sales volumes compared to super-regional malls.

Market Risks and Lease Terms

Lease terms offer base rents of SAR 2,000-3,000 per square meter with incentives like rent-free periods for new tenants, yielding 5-8% returns amid Jeddah's stable but slightly softening market (rents down 7% in 2025). Risks include intense competition from nearby Red Sea Mall and Al Salam Mall, leading to potential oversupply of 394,900 square meters of lifestyle space by 2027 in Riyadh and Jeddah combined. Additional challenges encompass access issues during peak hours on Tahlia Street and aging infrastructure in surrounding areas, necessitating robust risk mitigation through strong tenant covenants and market monitoring.

Building Details

Property Type
Neighborhood
Gross Leasable Area
14,000
Year Built
2024
Parking Spaces
500
Average Monthly Footfall
1,000,000
Owner
Balubaid Group Companies (Hijaz Malls)

Detailed Market Analytics

Primary Catchment Area
10 Kilometers
Secondary Catchment Area
25 Kilometers
Catchment area population
2,500,000 People
Population growth rate
2.5 %
Median age
29 Years
Household size
5.2 People
Education level (tertiary)
35.0 %

Median household income
96,000 SAR
Unemployment rate
6.5 %
Cost of living index
65 Index

Retail spending per capita
18,000 SAR
Spending on apparel
3,600 SAR
Spending on groceries
5,400 SAR
Spending on electronics
2,100 SAR

Annual foot traffic
12,000,000 Visitors
Dwell time
90 Minutes
Conversion rate
25.0 %
Sales per square meter
15,000 SAR

Number of retail stores
10 Stores
Anchor tenant presence
Yes
Competitor density (same category)
3 Malls
Tenant diversity
70.0 %
Unique Concepts
10 Stores

Number of Levels
2 Levels
Average rent per square meter
2,500 SAR
Vacancy rate
5.0 %
Lease term flexibility
Medium
Available retail space
700 SQUARE METERS
Gross Leasable Area
14,000 Square meters

Proximity to main roads
0.5 Kilometers
Public transport access
Yes
Parking spaces
500 Spaces
Pedestrian traffic
High

E-commerce competition
High
Click-and-collect adoption
40.0 %
Internet penetration
98.6 %

Retail crime rate
Low
Security measures
High

Promotional events
50 Events
Loyalty program penetration
30.0 %
Digital signage presence
Yes

Projected foot traffic growth
5.0 %
New tenant pipeline
15 Stores
Mall expansion plans
No
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Jeddah

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