Research

Kingdom of Saudi Arabia Retail Market Dynamics, Q3 2024

Summary and analysis of the Kingdom of Saudi Arabia's current retail real estate market conditions.

November 26, 2024
Contributors:
  • Faraz Ahmed
  • Muhammad Aijaz
  • Taimur Khan

Riyadh's retail market remained stable, while Jeddah showed mixed performance with super regional malls experiencing rent increases and regional malls seeing decreases.

Retailers are increasingly focused on creating immersive and experiential shopping environments to adapt to changing consumer preferences and maintain competitiveness.

Retailers are investing heavily in systems that integrate online shopping, in-store experiences, and mobile apps, allowing customers to shop seamlessly across these different platforms.

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