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Brand Fit Snapshot

Best for:

International ChainsNational ChainsDepartment Store AnchorsMid-Market FashionPremium Dining & Lifestyle

Not ideal if:

Budget BrandsUltra-Luxury Positioning

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Souq Sharq Waterfront is a premier retail destination in Kuwait City, known for its blend of shopping, dining, and entertainment options. This waterfront mall spans multiple levels and houses a variety of local and international retailers. While the location offers great views and a relaxed atmosphere, the competition in the area from nearby malls could pose a challenge. The mall attracts a diverse range of visitors, making it a hub for both locals and tourists.

However, due to its size, foot traffic can be spread out, and retailers may experience fluctuating peak periods depending on the season. The mall's modern design and strategic location near the coastline make it an attractive place for high-end retailers seeking visibility. However, retailers must be prepared to compete with other luxury and lifestyle-oriented properties in the area that draw similar demographics.

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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 — 11:00 PM
Friday01:00 PM — 11:00 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.

None Jaber Al-Mubarak Street, Kuwait City, Kuwait

Insights

Foot Traffic Insights

Foot traffic can vary depending on the season and local events, with peak times typically around weekends and holidays.

Retail Competition

Nearby malls offer similar luxury experiences, potentially drawing away shoppers who have diverse options in the area.

Location Advantage

Proximity to the waterfront and residential areas offers a unique location with potential for attracting tourists and locals looking for a premium experience.

Building Details

Property Type
Regional
Gross Leasable Area
38,994
Year Built
1998
Parking Spaces
1987
Average Monthly Footfall
291,667
Owner
National Real Estate Co. (NREC)
Anchor Tenants
Debenhams, Sultan Center, Zara, Aldo, Anotah, Zain, Boots, H & M, Next, MotherCare

Detailed Market Analytics

Primary Catchment Area
5 Kilometers
Secondary Catchment Area
15 Kilometers
Catchment area population
250,000 People
Population growth rate
2.3 %
Median age
33 Years
Household size
5.2 People
Education level (tertiary)
35.0 %

Median household income
24,445 USD
Unemployment rate
2.5 %
Cost of living index
70 Index

Retail spending per capita
6,500 USD
Spending on apparel
1,200 USD
Spending on groceries
2,000 USD
Spending on electronics
800 USD

Annual foot traffic
3,500,000 Visitors
Dwell time
90 Minutes
Conversion rate
25.0 %
Sales per square meter
4,000 USD

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

Number of Levels
2 Levels
Average rent per square meter
50 USD
Vacancy rate
5.0 %
Lease term flexibility
Medium
Available retail space
1,950 Square Meters
Gross Leasable Area
38,994 Square meters

Proximity to main roads
0.5 Kilometers
Public transport access
Yes
Parking spaces
1,987 Spaces
Pedestrian traffic
High

E-commerce competition
High
Click-and-collect adoption
30.0 %
Internet penetration
98.0 %

Retail crime rate
Low
Security measures
High

Promotional events
20 Events
Loyalty program penetration
40.0 %
Digital signage presence
Yes

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

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City Snapshot
Kuwait City

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