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Sharaee Mall is a large shopping center located in Mecca, Saudi Arabia, offering a variety of retail outlets, entertainment facilities, and dining options. The mall's layout is designed to attract both local shoppers and pilgrims visiting the city. It is situated in a high-traffic area, providing ample foot traffic for its retailers. However, competition from nearby larger malls and fluctuating seasonal traffic due to the pilgrimage seasons can affect overall stability for tenants.

The mall offers a combination of well-known global brands and local retail options, but the tenant mix may not appeal to all demographics. The mall's parking capacity is sufficient for the volume of visitors during non-peak times, but could be an issue during the pilgrimage season. The amenities, including family-friendly areas and leisure spaces, are a plus for shoppers looking for a full-service mall experience.

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Hours of Operation

Hours

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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.

MFEA5139, Mecca, Saudi Arabia

Insights

Parking and Foot Traffic

Sharaee Mall has adequate parking facilities for daily visitors but may face congestion during peak seasons such as the Hajj pilgrimage.

Its high foot traffic during these periods can be a strong advantage for retailers catering to international visitors.

Retail Mix

The mall houses both international and local brands, but its tenant mix might not appeal to all customer segments. Retailers should consider their target market before leasing space.

Seasonality of Business

Sharaee Mall experiences seasonal fluctuations in business volume due to the influx of pilgrims during Hajj. Retailers should be prepared for varying sales cycles throughout the year.

Building Details

Property Type
Neighborhood
Gross Leasable Area
9318
Year Built
2006
Parking Spaces
250
Average Monthly Footfall
208,333
Owner
Kinan International for Real Estate Development Co.
Anchor Tenants
Panda, Max, Mohja, Mirza Bookstore, Mcdonalds

Detailed Market Analytics

Primary Catchment Area
5 km
Secondary Catchment Area
15 km
Catchment area population
500,000 People
Population growth rate
2.5 %
Median age
28 Years
Household size
4.5 People
Education level (tertiary)
35.0 %

Median household income
60,000 SAR
Unemployment rate
6.0 %
Cost of living index
70 Index

Retail spending per capita
12,000 SAR
Spending on apparel
3,000 SAR
Spending on groceries
4,500 SAR
Spending on electronics
2,000 SAR

Annual foot traffic
2,500,000 Visitors
Dwell time
90 Minutes
Conversion rate
25.0 %
Sales per square meter
8,000 SAR

Number of retail stores
47 Stores
Anchor tenant presence
Yes
Competitor density (same category)
3 Malls
Tenant diversity
60.0 %
Unique Concepts
10.0 %

Number of Levels
1 Levels
Average rent per square meter
2,000 SAR
Vacancy rate
5.0 %
Lease term flexibility
Medium
Available retail space
466 SQUARE METERS
Gross Leasable Area
9,318 Square meters

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

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

Retail crime rate
Low
Security measures
High

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

Projected foot traffic growth
3.0 %
New tenant pipeline
5 Tenants
Mall expansion plans
No
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Mecca

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