Property Valuation

The team can provide you with range of services to help you make right desicions about your property. Our services include building inspections, building reports, building surveys, building valuations and more.

What is Property Valuation?

When it comes to understanding the true value of a property, whether you're a potential buyer, seller, or investor, property valuation becomes a critical step in the process. In Dubai, a dynamic and rapidly growing real estate market, property valuation plays an indispensable role in making informed decisions. This article will delve into the methods of property valuation in Dubai, the associated costs, and the significance of property inspections.

Why Realpoint?

Realpoint is a well-experienced valuation consultancy firm, fully accredited by the Royal Institution of Chartered Surveyors (RICS), and RERA. We deliver exceptional value to our clients by providing in-depth, independent, extensive, fast, precise, and accurate valuation reports backed by solid market research and industry expertise, strictly in compliance with professional and ethical standards published by RICS Valuation Global Standards and International Valuation Standards.

What do We value?

The Realpoint valuation team has the capacity to conduct valuations across all Emirates and the MENA region for all interests (Freehold, Leasehold, Private). We undertake;

Commercial Real Estate Assets valuations (Retail shops, Office Buildings, mixed-used developments, shopping malls, etc.)
Residential Real Estates Assets valuations (Apartments, Villas, Villa compounds, Townhouses, detached houses, etc.)
Industrial Real Estates Assets Valuations (Factories, Warehouses, labour accommodation buildings, etc.)

Hospitality Real Estate Assets Valuations (Hotels, Holiday Resorts, Service Apartments, etc.)

Purposes of Valuation:

Mortgage or Secured Lending: We work with leading banks within the United Arab Emirates as external valuers to provide high-quality accurate valuations for secured lending purposes in line with the RICS, IVS, and RERA guidelines.
Financial Reporting or Auditing: We provide valuations for auditing and financial reporting purposes in line with the RICS, IVS, and IFRS guidelines.
Purchase or Sale: Our team of RICS-qualified valuers provides expert advice on the best strategies regarding the acquisition and disposal of assets with an accurate analysis of real estate sector trends and market intelligence.
Legal: Our team of RICS-qualified chartered surveyors provides valuations for litigation, court proceedings, mediation, and dispute resolution.
Insurance: We provide prompt and accurate property reinstatement valuations for insurance purposes.
Immigration: Clients trust Realpoint for the valuation of their real estate assets to assist and comply with an application for permanent residency.

Internal or personal decision-making: We provide advice to clients seeking an opinion about the market or investment value of their real estate assets.

Property Valuation Methods in Dubai:

Property valuation involves estimating the market value of a property, which can vary based on location, condition, and demand. In Dubai, various valuation methods are employed to ensure accuracy and fairness in determining a property's value. These methods include:

Sales Comparison Approach: This method evaluates the property by comparing it to recently sold properties in the same area. It takes into account factors like size, location, condition, and features to determine a fair market value.
Income Capitalization Approach: Commonly used for investment properties, this method calculates the property's value based on its income potential. Factors such as rental income, operating expenses, and prevailing market capitalization rates are considered.
Cost Approach: This approach determines a property's value by estimating the cost of replacing it with a similar one, considering depreciation and market conditions. It's particularly useful for unique properties or when there's limited market data available.

How to Check the Value of a Property in Dubai?

If you're interested in understanding the value of a property in Dubai, the first step is to engage a professional property valuation service. These services are conducted by qualified experts who possess in-depth knowledge of the local real estate market. They utilize proven methodologies to arrive at an accurate valuation, taking into account various factors influencing property prices.

One reliable source for property valuation services in Dubai is the Royal Institution of Chartered Surveyors (RICS). RICS is a globally recognized professional body that upholds high standards in property valuation and other related services. Their expertise can guide you in making well-informed decisions regarding your property investments.

For a comprehensive guide on property valuation for financial purposes in Dubai, you can refer to the informative article by Realpoint Property Valuers and Consultants¹. This guide offers insights into the significance of property valuation for financial reporting and how it aids in making informed financial decisions related to real estate.

Costs of Property Valuation in Dubai

The cost of property valuation in Dubai can vary based on factors such as the type of property, its size, and the complexity of the valuation process. While the cost might be a concern, it's important to recognize that a reliable valuation can save you from potential financial pitfalls in the future.

Typically, property valuation fees are determined by the valuation service provider and are influenced by market rates. It's recommended to obtain quotes from multiple reputable valuation companies to ensure you're receiving a fair price for their services.

Worth to have my property evaluated ?

In Dubai like in other thriving real estate markets, property valuation holds immense significance for buyers, sellers, and investors alike. Understanding the various methods of property valuation, the costs involved, and the importance of professional property inspection can empower you to make informed decisions regarding your real estate ventures.

Whether you're looking to buy, sell, or invest in Dubai's property market, seeking guidance from organizations like RICS and reputable property valuation service providers can provide you with the insights you need to navigate this dynamic industry successfully.

Read the full guide on property valuation for financial purposes here. ↩