Understanding Property Valuation

Property valuation, as the name implies, is the procedure through which a qualified real estate professional establishes the value of a property. Both buyers and sellers can benefit from a professional property valuation in Dubai.

The purpose of a property valuation is to discover the optimal price that maximizes profit for the buyer or seller by taking into account factors such as location, local facilities, available amenities inside the house, age and condition of the building, and current market trends.

Research Price Movements in the Market

Using this method, you can learn about the asking and selling prices of comparable homes in the area of your choice. In the highly popular and highly transacted region of Dubai Marina, for instance, the average transaction price of a house with one bedroom is around AED 1.2 million. You should expect future purchases and sales of comparable properties to fall within this range. The same holds true for places that are not as well-known.