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Wasat Al Madinah is a vibrant shopping center located in the heart of Medina, offering a blend of modern retail and cultural experiences. With a variety of shops, restaurants, and entertainment options, the mall serves as a major destination for locals and visitors alike. It features a mix of international and regional brands, providing shoppers with a wide selection of products. The architecture combines contemporary design with traditional elements, reflecting the rich heritage of Medina.

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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.

Prince Nayef Bin Abdulaziz Road, Medina, Saudi Arabia

Insights

Strategic Location

Wasat Al Madinah is strategically located in Medina, offering easy access to both residents and tourists, making it an ideal retail destination for brands looking to attract foot traffic.

Diverse Shopper Demographics

The mall caters to a wide range of shoppers, from local families to international tourists, offering retailers a unique opportunity to tap into diverse customer segments with varying shopping preferences.

Cultural Significance

As a significant landmark in Medina, Wasat Al Madinah holds cultural importance, attracting visitors who are seeking both shopping and cultural experiences. This makes it a key destination for retailers looking to engage with a more diverse audience.

Building Details

Property Type
Regional
Gross Leasable Area
70,000
Year Built
2023
Parking Spaces
1500
Average Monthly Footfall
666,667
Owner
Knowledge Economic City

Detailed Market Analytics

Primary Catchment Area
5 Kilometers
Secondary Catchment Area
15 Kilometers
Catchment area population
1,200,000 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
Unemployment rate
6.5 %
Cost of living index
65 Index

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

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

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

Number of Levels
3 Levels
Average rent per square meter
2,500 SAR
Vacancy rate
8.0 %
Lease term flexibility
Medium
Available retail space
5,600 Square Meters
Gross Leasable Area
70,000 Square meters

Proximity to main roads
0.5 Kilometers
Public transport access
Yes
Parking spaces
1,500 Spaces
Pedestrian traffic
High

E-commerce competition
High
Click-and-collect adoption
40.0 %
Internet penetration
95.0 %

Retail crime rate
0.5 Incidents per 1,000 visitors
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
5 Stores
Mall expansion plans
No
City Snapshot
Medina

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Medina

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