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Brand Fit Snapshot

Best for:

National ChainsMid-Market FashionQuick-Service DiningSpecialty RetailTourist & Duty-Free

Not ideal if:

Ultra-Luxury PositioningDiscount RetailLarge Footprint Retail

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Myan Yard is a modern retail complex located in Makkah, known for its spacious layout and diverse mix of tenants ranging from fashion retailers to dining establishments.

The mall features multiple levels and offers a combination of high-end and mid-tier brands. However, its location, while accessible, can experience heavy congestion during peak seasons, which may affect foot traffic. The mall is considered a key player in the retail market of Makkah due to its proximity to religious tourism hotspots, though it also faces seasonal fluctuations in demand. With a focus on both local and international brands, Myan Yard attracts both residents and visitors, but some of its anchor tenants have raised concerns regarding rent escalations and the lack of long-term retail strategy alignment.

Nevertheless, the center has potential for growth as it taps into a growing tourism economy, with some underutilized spaces presenting opportunities for further development or rebranding.

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MayMystic Boteek storefront photo

MayMystic Boteek

Art, Gifts & Specialty Shops
Floor Ground Floor
MayMystic Duty Free storefront photo

MayMystic Duty Free

Art, Gifts & Specialty Shops
Floor Ground Floor
MayMystory Inq storefront photo

MayMystory Inq

Art, Gifts & Specialty Shops
Floor Ground Floor
MayMystic Creations storefront photo

MayMystic Creations

Art, Gifts & Specialty Shops
Floor Ground Floor
MayMystified Hair Studio storefront photo

MayMystified Hair Studio

Beauty, Health & Personal Care
Floor Ground Floor

MayMystified Hair Studio is a premier hair salon located on the Ground Floor ...

Mayric’s Jewelry storefront photo

Mayric’s Jewelry

Jewelry, Watches & Accessories
Floor Ground Floor

Hours of Operation

Hours

Checking...
Monday10:00 AM — 10:00 PM
Tuesday10:00 AM — 10:00 PM
Wednesday10:00 AM — 10:00 PM
Thursday10:00 AM — 10:00 PM
Friday01:00 PM — 10:00 PM
Saturday10:00 AM — 10:00 PM
Sunday10:00 AM — 10:00 PM
Holiday Hours

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

King Faisal Road, Makkah, Saudi Arabia

Insights

Proximity to Religious Sites

Myan Yard's location near key religious tourism spots in Makkah provides it with a unique advantage in attracting seasonal foot traffic. However, this also means that it can face operational challenges during peak periods, such as overcrowding and logistical concerns.

Retail Mix

The mix of both luxury and mid-tier brands in Myan Yard allows it to cater to a wide range of customers. However, maintaining this balance is critical for long-term tenant retention, especially with growing competition in the region.

Foot Traffic and Seasonal Variability

While Myan Yard benefits from the influx of visitors during religious events, its foot traffic experiences significant dips during off-peak times. Retailers should factor in these fluctuations when considering lease agreements or sales projections.

Building Details

Property Type
Neighborhood
Gross Leasable Area
8324
Parking Spaces
155
Average Monthly Footfall
1,000,000
Owner
Hamat Holding

Detailed Market Analytics

Catchment area population
2,500,000 People
Population growth rate
2.5 %
Median age
28 Years
Household size
5.2 People
Education level (tertiary)
35.0 %

Median household income
72,000 SAR per year
Unemployment rate
6.5 %
Cost of living index
65 Index (100 = NYC)

Retail spending per capita
15,000 SAR per year
Spending on apparel
3,000 SAR per year
Spending on groceries
4,500 SAR per year
Spending on electronics
2,500 SAR per year

Annual foot traffic
12,000,000 Visitors
Dwell time
90 Minutes
Conversion rate
25.0 %
Sales per square meter
8,000 SAR

Number of retail stores
41 Stores
Anchor tenant presence
Yes
Competitor density (same category)
20.0 %
Tenant diversity
70.0 %
Unique Concepts
10 Stores

Number of Levels
2 Levels
Average rent per square meter
2,500 SAR per year
Vacancy rate
5.0 %
Lease term flexibility
Moderate
Available retail space
416 SQUARE METERS
Gross Leasable Area
8,324 Square meters

Proximity to main roads
1 km
Public transport access
Limited
Parking spaces
155 Spaces
Pedestrian traffic
High

E-commerce competition
High
Click-and-collect adoption
40.0 %
Internet penetration
98.0 %

Retail crime rate
Low
Security measures
High

Promotional events
20 Events per year
Loyalty program penetration
30.0 %
Digital signage presence
Yes

Projected foot traffic growth
3.0 %
New tenant pipeline
15 Stores
Mall expansion plans
No
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Makkah

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