{"id":74097,"date":"2025-02-04T10:40:20","date_gmt":"2025-02-04T07:40:20","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=74097"},"modified":"2025-11-25T23:44:52","modified_gmt":"2025-11-25T23:44:52","slug":"%d8%aa%d9%82%d8%b1%d9%8a%d8%b1-%d8%a7%d9%84%d8%b1%d9%8a%d8%a7%d8%b6-%d9%88%d8%ac%d8%af%d8%a9-%d8%aa%d9%82%d9%88%d8%af%d8%a7%d9%86-%d8%a7%d9%86%d8%aa%d8%b9%d8%a7%d8%b4-%d9%82%d8%b7%d8%a7%d8%b9-%d8%a7","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/74097\/","title":{"rendered":"Report: Riyadh and Jeddah lead the recovery of the commercial space sector in Saudi Arabia"},"content":{"rendered":"

Saudi Arabia is witnessing an unprecedented transformation in the commercial entertainment space sector, led by the cities of Riyadh<\/a> <\/strong>and Jeddah, where they are redefining the commercial landscape through mega projects that enhance shopping and entertainment experiences, in line with the objectives of the Kingdom's Vision 2030.<\/p>\n

A boom in entertainment and commercial projects<\/span><\/h4>\n

According to a report by Knight Frank, Riyadh and Jeddah are set to welcome 394.9,000 square meters of new leisure commercial developments by 2027, ranging from food and beverage outlets, entertainment spaces, and vibrant public spaces. The expansion comes in response to the growing demand for modern shopping experiences that go beyond the traditional concept of purchasing to an integrated mix of entertainment and social interaction.<\/p>\n

Rental prices rise and demand grows<\/span><\/h4>\n

The report revealed that the average rental rates for leisure commercial spaces in Riyadh<\/a> <\/strong>SAR 2,360 per square meter, reflecting the high demand for this sector. Food and beverage outlets lead the way, accounting for 84% of the total commercial space, with casual dining dominating with 52%, followed by cafes with 20%.<\/p>\n

In Jeddah, the total supply of commercial leisure space currently stands at 217.7k sqm, with average rental rates of SAR 2030 per sqm. F&B outlets are enjoying high occupancy rates of 76%, reflecting the growing popularity of this category.<\/p>\n

Mega projects change the landscape<\/span><\/h4>\n

Riyadh alone is expected to add 232,000 square meters of new commercial leisure space by 2027, bringing the total number of such projects to 33, while Jeddah will receive an additional 162.9,000 square meters, bringing its number of projects to 17.<\/p>\n

Boulevard World and Boulevard City in Riyadh are two of the most prominent projects that have integrated retail, entertainment and dining, transforming malls into integrated lifestyle destinations.<\/p>\n

The evolution of the mall concept in Saudi Arabia<\/span><\/h4>\n

According to Faisal Durrani, Head of Research at Knight Frank, the leisure retail sector in Saudi Arabia has undergone a radical evolution since 2021, with malls transforming from mere shopping venues to interactive environments that offer exceptional experiences. He added that this transformation is in line with the objectives of Vision 2030 to enhance the quality of life through the development of integrated entertainment spaces.<\/p>\n

Foods and drinks: The ultimate growth engine<\/span><\/h4>\n

Arabic (29%) and European (21%) cuisines are leading dining options in Jeddah, while F&B projects continue to attract investment within the Kingdom. Knight Frank emphasizes that new F&B concepts are the key factor in attracting visitors to modern malls.<\/p>\n

Leisure experiences trump traditional shopping<\/span><\/h4>\n

According to analyst Jonathan Paget, consumers in Saudi Arabia, especially younger generations, no longer view malls as simply places to shop, but are looking for immersive experiences that include entertainment, cuisine, and social interaction. These changes are setting new standards for the future of retail, especially with the rise of e-commerce and the trend towards integrated mall experiences.<\/p>\n

Looking into the future<\/span><\/h4>\n

With this surge in leisure and commercial projects, the Saudi market is heading into a new era of innovation in the commercial space sector, with malls becoming the hub of social and recreational life, not just a traditional shopping destination. With continued expansion and investment, these projects are expected to play a key role in boosting the local economy and attracting more visitors and investors to the Kingdom.<\/p>","protected":false},"excerpt":{"rendered":"

Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>Saudi Arabia is witnessing an unprecedented transformation in the commercial and leisure space sector, led by the cities of Riyadh and Jeddah, which are reshaping the commercial landscape with mega projects that enhance shopping and entertainment experiences, in line with the objectives of Saudi Vision 2030. According to a report by Knight Frank, Riyadh and Jeddah are gearing up to receive ... Read more<\/a><\/p>","protected":false},"author":27,"featured_media":86319,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"0","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[97],"tags":[],"class_list":["post-74097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-office-commercial"],"acf":{"amlak_post_excerpt":"\u0646\u0627\u064a\u062a \u0641\u0631\u0627\u0646\u0643: 394.9 \u0623\u0644\u0641 \u0645\u062a\u0631 \u0645\u0631\u0628\u0639 \u0645\u0634\u0627\u0631\u064a\u0639 \u062a\u062c\u0627\u0631\u064a\u0629 \u062a\u0631\u0641\u064a\u0647\u064a\u0629 \u062c\u062f\u064a\u062f\u0629 \u062d\u062a\u0649 2027\u060c \u0645\u0639 \u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u0625\u064a\u062c\u0627\u0631\u0627\u062a \u0648\u0633\u064a\u0637\u0631\u0629 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