Occupi

Panorama Mall in Riyadh is a prominent shopping and entertainment destination strategically located along Takhassusi Street. The mall features a modern architectural design and offers a diverse selection of international and local retail brands, making it a popular choice for both residents and tourists. Its mix includes luxury fashion, electronics, cosmetics, and lifestyle stores. In addition to shopping, the mall houses family-friendly attractions including a large entertainment zone and several dining options. The mall's layout is designed to encourage footfall flow across two main levels, supported by ample parking facilities and easy access from major roadways.

Insights

Retail Diversity

Panorama Mall hosts over 100 retail outlets, including brands such as Zara, MAC, Virgin Megastore, and Sephora. This variety attracts a broad consumer base from fashion-forward youth to families seeking everyday essentials.

Entertainment and Dining

The mall offers a family entertainment center and a range of casual and upscale dining venues, from local Saudi cuisine to international franchises, enhancing dwell time and increasing customer engagement.

Strategic Location and Accessibility

Located in the heart of Riyadh’s commercial zone with excellent road access and parking, Panorama Mall benefits from high daily traffic volumes and proximity to affluent residential neighborhoods.

Spaces Add Spaces

Building Details

Property Type

Neighborhood CentreStrip Malls

Total Building Area

21455 SQM

Owner

University Graduates Union

Year Built

2018

Parking Spaces

400

Anchor Tenant(s)

Orange Telecom', 'Starbucks Café', 'Q92 Café', 'Carrefour'

Mall Demographics

Catchment area population

2,500,000 People

Population growth rate

2.5 Percentage

Median age

28 Years

Household size

5.2 People

Education level (tertiary)

35 Percentage

Economic Indicators

Median household income

72,000 SAR

Unemployment rate

6.8 Percentage

Cost of living index

65 Index

Consumer Spending

Retail spending per capita

15,000 SAR

Spending on apparel

3,500 SAR

Spending on groceries

4,800 SAR

Spending on electronics

2,200 SAR

Mall Traffic & Performance

Annual foot traffic

12,000,000 Visitors

Dwell time

2.5 Hours

Conversion rate

25 Percentage

Sales per square meter

18,000 SAR

Competition & Tenant Mix

Number of retail stores

200 Stores

Anchor tenant presence

Yes

Competitor density (same category)

3 Malls

Tenant diversity

85 Percentage

Real Estate & Leasing

Average rent per square meter

3,500 SAR

Vacancy rate

4 Percentage

Lease term flexibility

Moderate

Available retail space

2,000 Square meters

Accessibility & Infrastructure

Proximity to main roads

0.5 Kilometers

Public transport access

Yes

Parking spaces

3,000 Spaces

Pedestrian traffic

High

Digital & E-commerce Trends

E-commerce competition

High

Click-and-collect adoption

40 Percentage

Internet penetration

95 Percentage

Safety & Security

Retail crime rate

Low

Security measures

Advanced

Marketing & Events

Promotional events

25 Events

Loyalty program penetration

30 Percentage

Digital signage presence

Yes

Growth Potential

Projected foot traffic growth

3.5 Percentage

New tenant pipeline

10 Tenants

Mall expansion plans

Yes

Contact

University Graduates Union

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