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Prototype / Modelled evidence
Neighbourhood retail 066
MEYAR-RYD-0066 · Al Sulimaniyah
Base. Scenario and session assumptions update this selected asset only.
Decision Summary
16.7%
HBU option: retail · Base
Risk: Moderate · 30/100Confidence: Medium · 76%
Project Definition
- HBU option
- retail
- Land area
- 1,912 m²
- Gross floor area (GFA)
- 3,709 m²
- Gross leasable area (GLA)
- 2,836 m²
- Units
- 38
Baseline
Cost Assumptions
- Acquisition / land
- SAR 25,726,000
- Hard construction cost
- SAR 2,373,000
- Soft costs
- SAR 380,000
- Financing
- SAR 1,440,000
- Contingency
- SAR 220,000
Total project cost = land + hard cost + soft cost + contingency + financing. Development margin = profit / revenue; return on cost = profit / total project cost.
Revenue Assumptions
- Expected revenue
- SAR 36,181,000
- Sales price
- Baseline
- Occupancy
- 84.5%
- Exit / terminal value
- SAR 36,181,000
Timeline
- 1AcquisitionSept 2026 – Oct 2026 · 1 monthDelays the entire programme and financing drawdown.
- 2DesignOct 2026 – Feb 2027 · 4 monthsPushes approvals and contractor mobilisation.
- 3ApprovalsDec 2026 – May 2027 · 5 monthsDefers construction start and increases holding cost.
- 4ConstructionMay 2027 – Jul 2028 · 14 monthsRaises financing cost and postpones revenue.
- 5CommercialisationFeb 2028 – Aug 2028 · 6 monthsSlows collections and extends payback.
- 6ExitJan 2029 – Feb 2029 · 1 monthDefers terminal proceeds and reduces present value.
Delivery delay: 0 months
Financial Results
- Total project cost
- SAR 30,139,000
- Expected revenue
- SAR 36,181,000
- Gross profit
- SAR 6,042,000
- Net profit
- SAR 6,042,000
- Development margin
- 16.7%
- Internal rate of return (IRR)
- 8.9%
- Net present value (NPV)
- -SAR 321,000
- ROI
- 20.1%
- Equity requirement
- SAR 13,563,000
- Debt funding
- SAR 16,576,000
- Payback
- 28 months
- Break-even
- SAR 30,139,000