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National ChainsMid-Market FashionPremium Dining & LifestyleHealth & WellnessSpecialty Retail

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Ultra-Luxury PositioningDiscount RetailValue Positioning

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Localizer Mall is a modern retail destination located in Riyadh, offering a diverse range of stores, dining options, and entertainment.

The mall spans over 500,000 square feet and serves a mixed demographic, ranging from affluent shoppers to middle-class families. It is easily accessible via major highways, with ample parking and excellent public transport connections. Despite its size and popularity, the mall has faced challenges in terms of tenant turnover, with some long-term tenants expressing dissatisfaction with high rental rates and insufficient foot traffic during off-peak hours.

The mall's anchor tenants include large department stores and popular international brands, which help to attract a steady flow of shoppers. However, there is a growing concern among smaller retailers about the cost of leasing space and the lack of promotional support from mall management.

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Hours of Operation

Hours

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

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

2803 Prince Muhammad Ibn Abd Al Aziz, 8092, Riyadh, Saudi Arabia

Insights

Location and Accessibility

The mall is located in a prime area with easy access to major highways and public transport, making it a convenient choice for customers.

Tenant Turnover

High turnover rates have been reported among smaller retailers, indicating potential challenges for businesses looking for long-term stability.

Foot Traffic

While foot traffic is strong during peak hours, it drops significantly during non-peak hours, which can affect sales for businesses operating during quieter times.

Building Details

Property Type
Community
Gross Leasable Area
22,000
Year Built
2009
Parking Spaces
900
Average Monthly Footfall
666,667
Owner
Saad Fahed Al Waalan
Anchor Tenants
Shake Shack, Outback Steakhouse, Fitness First, Zara, Bershka, Robayat, Diamond & Hi Kids

Detailed Market Analytics

Primary Catchment Area
10 Kilometers
Secondary Catchment Area
25 Kilometers
Catchment area population
1,200,000 People
Population growth rate
2.5 %
Median age
30 Years
Household size
4.5 People
Education level (tertiary)
35.0 %

Median household income
75,000 SAR
Unemployment rate
5.8 %
Cost of living index
65 Index

Retail spending per capita
12,500 SAR
Spending on apparel
2,500 SAR
Spending on groceries
4,000 SAR
Spending on electronics
1,800 SAR

Annual foot traffic
8,000,000 Visitors
Dwell time
90 Minutes
Conversion rate
25.0 %
Sales per square meter
15,000 SAR

Number of retail stores
120 Stores
Anchor tenant presence
Yes
Competitor density (same category)
3 Malls
Tenant diversity
85.0 %
Unique Concepts
10 Stores

Number of Levels
2 Levels
Average rent per square meter
2,500 SAR
Vacancy rate
5.0 %
Lease term flexibility
Moderate
Available retail space
1,100 Square Meters
Gross Leasable Area
22,000 Square meters

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

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

Retail crime rate
0.5 Incidents per 1,000 Visitors
Security measures
High

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

Projected foot traffic growth
3.0 %
New tenant pipeline
5 Stores
Mall expansion plans
No
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Riyadh

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Top retail destinations across Saudi Arabia.

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Riyadh

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