Agree the engagement
Understand the client’s request and clarify the service and initial valuation purpose.
Our approach
A clear process from understanding the request to issuing the report.
A valuation does not begin with a ready-made number. It begins by defining the asset, purpose, intended user and valuation date, then setting the scope and information requirements.
Receive the documents
Receive available documents and information about the property and associated rights.
Define the scope of work
Define the asset, purpose, intended user, valuation date and engagement requirements.
Inspect the property
Inspect the property and verify its characteristics as required by the scope and asset type.
Study the market and collect data
Gather market evidence and information relevant to the property and valuation date.
Analyse the information
Review the data and evidence and analyse factors that affect the asset’s value.
Select the valuation approach
Choose an approach suited to the property, purpose and available information.
Prepare the report and send a draft
Prepare the valuation report and share a draft for review as agreed.
Review, approve and issue the report
Review the report, complete its approval and issue the final version.
Valuation approaches
Market approach
Estimate value by comparing the property with recent sales of similar assets for which price data is available.
Comparable transactions
Cost approach
Estimate building cost, add the land value and account for depreciation.
Replacement or reproduction cost
Income approach
Estimate value based on the income generated by the property and market participants’ expectations.
Discounted cash flow, capitalisation or residual value
Principles throughout the work
01
Independence and impartiality
02
Client confidentiality
03
Relevant evidence
04
Clear scope and assumptions
05
A reviewable conclusion
Standards and reference sources
The Accredited Valuers Law and its Implementing Regulations
TAQEEM’s Guide to Practising the Real Estate Valuation Profession
Valuation profession code of conduct and ethics
International Valuation Standards (IVS) issued by the International Valuation Standards Council
Real estate laws and procedures in the Kingdom
Real estate indicators, transactions and approved official sources
Start by defining your need.
Send the property details and valuation purpose so we can review the appropriate next step.