Dubai did Dh287b worth of real estate valuations in 2017

Dubai

The Dubai Land Department conducted 8,173 real estate valuations worth over Dh287 billion — the highest ever recorded — in 2017.

The details were issued by Taqyeem (Dubai’s Real Estate Appraisal Centre), with the valuations done for a variety of reasons such as investor visas, gifted transfer, auction sales, zakat calculations, sale estimates, and company annual audits. Customers include private owners, developers and government entities. Accurate and regular valuations help prevent random price changes in the market and which leads to reduced speculation.