Red Sea Mall, Hurghada — Stores, Map & Hours

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Brand Fit Snapshot

Best for:

National ChainsDepartment Store AnchorsSpecialty RetailTourist & Duty-FreeHypermarket Traffic

Not ideal if:

Ultra-Luxury PositioningSmall Format RetailBudget Brands

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Red Sea Mall, located in Hurghadas Al Dahar area, offers 50,000 sqm GLA across three levels with 100 stores.

Tenant mix emphasizes souvenirs, eyewear, and crafts, with high diversity and 15% unique offerings. Occupancy is 92%, vacancy 8%, with 5,000 sqm available. Footfall averages 8,333 monthly (1.5M yearly), 7% growth projected, 25% conversion rate. Rents at 25 USD/sqm/month. Catchment: 250,000 pop (10km radius), 5% growth, median age 28, income 5,000 USD/year. Sales: 500 USD/sqm/year. Strong accessibility via main roads, public transport, 1,000 parking spots.

Market position benefits from tourism, but faces e-commerce competition.

Leasing advantages include pedestrian traffic and events; drawbacks involve demand for family amenities and diverse dining.

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Hours of Operation

Hours

Checking...

Monday	10:00 AM — 11:00 PM
Tuesday	10:00 AM — 11:00 PM
Wednesday	10:00 AM — 11:00 PM
Thursday	10:00 AM — 11:00 PM
Friday	01:00 PM — 11:00 PM
Saturday	10:00 AM — 11:00 PM
Sunday	10:00 AM — 11:00 PM

Holiday Hours

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

طريق الملك عبدالعزيز،, Hurghada, Egypt

Insights

Demographics and Market Factors

Catchment area of 250,000 within 10 km radius grows at 5% annually, median age 28, household size 3.5, median income 5,000 USD/year. Retail spending per capita 2,500 USD, with 750 USD on apparel, 1,000 USD groceries. High 70% internet penetration fuels e-commerce rivalry, 20% click-and-collect, impacting physical sales in tourism-reliant categories like souvenirs.

Operational Quality and Footfall

Annual 1.5 million visitors, 8,333 monthly, 120-minute dwell time, 25% conversion rate. 92% occupancy since 2010 opening, supported by 50 yearly promotions, 40% loyalty programs. Challenges include retail crime rate of 20 and potential aging infrastructure maintenance needs, affecting long-term operational costs.

Competition and Leasing Risks

Moderate density of similar retail competitors, high e-commerce influence. Rents of 25 USD/sqm/month provide affordability, but tourism saturation in crafts and souvenirs limits expansion. Consumer insights note gaps in family-friendly zones and international dining, offering niches for new tenants while risking underperformance in oversupplied segments.

Building Details

Property Type

Shopping Mall

Gross Leasable Area

110,000

Year Built

2008

Parking Spaces

1000

Average Monthly Footfall

125,000

Owner

SEDCO Holding

Anchor Tenants

Carrefour, Virgin Megastore, H & M

Detailed Market Analytics

Primary Catchment Area

10 km

Secondary Catchment Area

50 km

Catchment area population

250,000 People

Population growth rate

5.0 %

Median age

28 Years

Household size

3.5 Persons

Education level (tertiary)

30.0 %

Median household income

5,000 USD/year

Unemployment rate

5.0 %

Cost of living index

80 Index (Cairo=100)

Retail spending per capita

2,500 USD/year

Spending on apparel

750 USD/year

Spending on groceries

1,000 USD/year

Spending on electronics

250 USD/year

Annual foot traffic

1,500,000 Visitors

Dwell time

120 Minutes

Conversion rate

25.0 %

Sales per square meter

500 USD/sqm/year

Number of retail stores

100 Stores

Anchor tenant presence

Yes Boolean

Competitor density (same category)

Moderate Qualitative

Tenant diversity

High Qualitative

Unique Concepts

15.0 %

Gross Leasable Area

110,000 sqm

Number of Levels

3 Levels

Average rent per square meter

25 USD/sqm/month

Vacancy rate

8.0 %

Lease term flexibility

Medium Qualitative

Available retail space

5,000 sqm

Proximity to main roads

Direct Qualitative

Public transport access

Good Qualitative

Parking spaces

1,000 Spaces

Pedestrian traffic

High Qualitative

E-commerce competition

High Qualitative

Click-and-collect adoption

20.0 %

Internet penetration

70.0 %

Retail crime rate

20 Index (100=high)

Security measures

Advanced Qualitative

Promotional events

50 Events/year

Loyalty program penetration

40.0 %

Digital signage presence

Yes Boolean

Projected foot traffic growth

7.0 %

New tenant pipeline

20 Tenants

Mall expansion plans

Phase 2 Qualitative

City Snapshot

Hurghada

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