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Family EntertainmentPremium Dining & LifestyleInternational ChainsNational ChainsSpecialty Retail

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Padideh Shandiz Mall is a massive commercial and entertainment complex located in the city of Shandiz, near Mashhad, Iran. Known for its ambitious scale, the mall is part of a larger development initiative by the Padideh Shandiz company, spanning retail, hospitality, and amusement attractions. The mall covers a significant area and includes multiple levels of retail shops, food courts, and recreational zones.

Despite past controversies surrounding the developer, the complex remains a high-profile destination due to its size, strategic location on a tourist corridor, and integrated design that blends shopping, leisure, and hospitality into a single experience.

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Hours of Operation

Hours

Checking...
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.

98W2+65V, Shandiz, Iran

Insights

Total Built-up Area

The complex reportedly spans over 500,000 square meters, making it one of the largest mixed-use developments in the region and a key anchor for commercial tourism in northeastern Iran.

Tourism & Location Advantage

Situated in Shandiz, a popular destination for both domestic and regional tourists, the mall capitalizes on heavy foot traffic during holidays and weekends, with supporting infrastructure aimed at long-term hospitality and leisure investment.

Development History & Impact

While the project faced delays and legal issues related to its parent company, the mall remains an iconic structure in the region and serves as a case study in high-risk, high-profile real estate development within emerging markets.

Building Details

Property Type
Shopping Mall
Gross Leasable Area
250,000
Year Built
2010
Parking Spaces
5000
Average Monthly Footfall
291,667
Owner
Padideh Shandiz Kish International Tourism Company
Anchor Tenants
Unknown

Detailed Market Analytics

Primary Catchment Area
5 km
Secondary Catchment Area
15 km
Catchment area population
800,000 People
Population growth rate
1.2 %
Median age
30 Years
Household size
4.2 People
Education level (tertiary)
25.0 %

Median household income
5,400 USD/year
Unemployment rate
12.0 %
Cost of living index
65 Index

Retail spending per capita
1,200 USD/year
Spending on apparel
250 USD/year
Spending on groceries
600 USD/year
Spending on electronics
150 USD/year

Annual foot traffic
3,500,000 Visitors
Dwell time
90 Minutes
Conversion rate
20.0 %
Sales per square meter
2,500 USD/year

Number of retail stores
500 Stores
Anchor tenant presence
Yes
Competitor density (same category)
3 Malls
Tenant diversity
60.0 %
Unique Concepts
15.0 %

Number of Levels
3 Levels
Average rent per square meter
25 USD/month
Vacancy rate
10.0 %
Lease term flexibility
Medium
Available retail space
25,000 Square Meters
Gross Leasable Area
250,000 Square meters

Proximity to main roads
0.5 km
Public transport access
Yes
Parking spaces
5,000 Spaces
Pedestrian traffic
High

E-commerce competition
Moderate
Click-and-collect adoption
10.0 %
Internet penetration
70.0 %

Retail crime rate
Low
Security measures
High

Promotional events
20 Events/year
Loyalty program penetration
15.0 %
Digital signage presence
Yes

Projected foot traffic growth
5.0 %
New tenant pipeline
10 Stores
Mall expansion plans
No
City Snapshot
Shandiz

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City Snapshot
Shandiz

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