Magma Square, Sulaymaniyah — Stores, Map & Hours

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Brand Fit Snapshot

Best for:

Cinema & LeisurePremium Dining & LifestyleInternational ChainsNational ChainsSpecialty Retail

Not ideal if:

Ultra-Luxury PositioningValue PositioningBudget Brands

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Magma Square is a prominent retail destination located in the city of Sulaymaniyah. The mall offers a variety of retail, dining, and entertainment options catering to a broad demographic. It benefits from a central location with good road access, though the area has seen increased competition in recent years from newer developments. The mall’s anchor tenants include a mix of local and international brands, providing a strong draw for foot traffic.

However, the overall tenant turnover rate has been somewhat high, indicating potential volatility. While parking is ample, the mall's age shows in certain areas where maintenance has lagged, and some retailers have expressed concerns about the mall’s ability to adapt to changing consumer behavior. Retailers should consider the mixed performance of some sections, and the surrounding competition could impact future rent stability.

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Hours of Operation

Hours

Checking...

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

Holiday Hours

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

H9C3+X63, Sulaymaniyah, Iraq

Insights

Tenant Turnover

Magma Square has experienced a high tenant turnover rate, which may indicate challenges in maintaining a stable retail environment. Retailers may want to assess whether the mall’s management is actively addressing these issues or if it could signal a lack of long-term market stability.

Competitive Pressure

The mall is facing increasing competition from newer, more modern developments in the Sulaymaniyah area. This could impact foot traffic and retail sales, especially if the competition offers more modern amenities or attracts a higher volume of visitors.

Maintenance Challenges

While the mall has a decent overall layout, certain sections show signs of aging, particularly in its infrastructure. Retailers should be aware of potential long-term maintenance costs or possible disruptions due to repair work, which could affect daily operations.

Building Details

Property Type

Community

Gross Leasable Area

17,500

Year Built

2019

Parking Spaces

580

Average Monthly Footfall

291,667

Owner

Malia Group

Anchor Tenants

Empire Cinema, Kurdish Restaurant, Shakespeare & Co, Crepaway, Nasma, Basilico, Ali Ocakbaşi

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

28 Years

Household size

5.2 People

Education level (tertiary)

15.0 %

Median household income

6,000 USD

Unemployment rate

8.5 %

Cost of living index

65 Index

Retail spending per capita

1,200 USD

Spending on apparel

300 USD

Spending on groceries

500 USD

Spending on electronics

200 USD

Annual foot traffic

3,500,000 Visitors

Dwell time

90 Minutes

Conversion rate

25.0 %

Sales per square meter

2,500 USD

Number of retail stores

115 Stores

Anchor tenant presence

Yes

Competitor density (same category)

10.0 %

Tenant diversity

70.0 %

Unique Concepts

15.0 %

Number of Levels

4 Levels

Average rent per square meter

30 USD

Vacancy rate

8.0 %

Lease term flexibility

Moderate

Available retail space

1,400 Square Meters

Gross Leasable Area

17,500 Square meters

Proximity to main roads

0.5 Kilometers

Public transport access

Yes

Parking spaces

580 Spaces

Pedestrian traffic

High

E-commerce competition

Moderate

Click-and-collect adoption

20.0 %

Internet penetration

75.0 %

Retail crime rate

Low

Security measures

High

Promotional events

12 Events

Loyalty program penetration

30.0 %

Digital signage presence

Yes

Projected foot traffic growth

5.0 %

New tenant pipeline

10 Stores

Mall expansion plans

City Snapshot

Sulaymaniyah

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