Shopping malls are considered one of the most secure and lucrative brick-and-mortar investments in Pakistan. The innovative features of high-end shopping malls not only guarantee higher capital gains and a stable stream of income but also involve a lower risk compared to other types of real estate ventures. In addition to that, the responsibility of finding tenants falls on the shoulders of the mall’s management, which means the investors don’t have to worry about advertising their vacant space or screening tenants.
Over the past few years, the concept of shopping malls has evolved to a great extent. What was once considered a one-stop destination for retail therapy has now become a recreational space offering a vast range of activities and facilities. Instead of just being vertical structures housing shops and showrooms, modern shopping malls of today also feature food courts, fine dining options, play areas for children, movie theatres, and much more.
Let’s take a look at some of the most attractive features of high-end shopping malls that lead to higher demand and greater return on investment.
MOST ATTRACTIVE FEATURES OF HIGH-END SHOPPING MALLS
Are you thinking about investing in a shopping mall?
Here are some of the top features of modern shopping malls in Pakistan that make them a successful investment option.
- Prime location
- Exceptional design
- Recreational and entertainment facilities
- Top-tier amenities
- Advanced safety features
Let’s discuss each of these features in further detail.
Location is considered the most important factor in the world of real estate – and rightfully so. The location of a property is directly related to its desirability, which in turn creates a higher demand that subsequently leads to an increase in its value.
One of the most noteworthy features of high-end shopping malls is their location. Ultramodern shopping complexes are always located in popular neighbourhoods that attract a lot of footfall. For example, the state-of-the-art Mall 35 in Rawalpindi is strategically located in the bustling business hub of Saddar while the spectacular Omega Mall Airport in Karachi is situated at a short drive from the Jinnah International Airport and in the vicinity of Shahrah-e-Faisal, which is one of the most prominent road links in Karachi. Similarly, the popular Centaurus Mall in Islamabad is located on the main Jinnah Avenue, a major artery in the capital city.
To put it simply, if an upcoming shopping mall is located in a well-known area and can be easily accessed from main parts of the city through public and private transportation, there is a good chance that the project will turn out to be successful.
Stunning façade, high-quality finishes, immaculate-planned layout and exquisite interior design are some of the main features of high-end shopping malls. Grand entrances, spacious lobbies, magnificent fountains, well-lit murals, pristine marble flooring, beautiful glass walls offering a picturesque view of the area, and custom-built retail spaces also accentuate the aesthetic appeal of contemporary commercial complexes.
Some upscale shopping malls even boast open-air spaces, rooftop decks and terraces for recreational and entertainment purposes.
These extravagant features appeal to domestic and international investors alike. They also usually draw the attention of the local public and tourists visiting the city, ensuring a greater footfall.
If you’re looking to buy property in a shopping mall, make sure its design includes at least some of these top-notch elements to guarantee a higher yield.
RECREATIONAL AND ENTERTAINMENT FACILITIES
Today, shopping malls are more than just a building that hosts multiple shops. Modern commercial complexes have now become major tourist attractions featuring vibrant food courts that house outlets of multiple domestic and international food chains with a vast seating area that allows visitors to relax and enjoy their food in peace. Other facilities in shopping malls include well-designed play areas for kids, indoor amusement parks, fine-dining restaurants, coffee shops, movie theatres, and spacious arenas for live performances, to name a few.
These characteristics of shopping malls make them the perfect recreational spot – a place where you can go shopping, enjoy a delectable variety of cuisines, watch a movie, and indulge in other luxurious facilities all under the same roof.
Another advantage of buying a shop or another commercial unit in a prestigious shopping mall is its amenities.
Top-of-the-line commercial complexes in Pakistan feature backup power generators that ensure an uninterrupted supply of electricity, high-speed passenger and cargo elevators, energy-efficient escalators, spacious and secured parking area, dedicated prayer areas, high-tech entrance system, separate bathrooms for the differently-able, wheelchair service for the elderly, and much more.
ADVANCED SAFETY FEATURES
Security is also one of the most important features of high-end shopping malls.
To ensure the safety of the visitors and maintain a peaceful environment, upscale shopping complexes incorporate cutting-edge surveillance and automated entry systems into their basic design.
Furthermore, such developments also feature advanced fire-fighting systems as well as properly planned emergency exits and fire escapes among other safety measures. Some ultramodern commercial projects also boast earthquake-resistant structures to significantly reduce the risk of damage in case of a natural calamity.
There you have it – the must-have features of modern shopping malls that make them a promising investment option.
Here are a few more guides and analyses that you might find interesting.
- A comparison of best shopping malls in Islamabad
- Comparing the best shopping complexes in Karachi
- Which is the best shopping mall in Lahore?
- What to consider before investing in commercial property?