Dubai did Dh287b worth of real estate valuations in 2017

This is the highest recorded by its Real Estate Appraisal Centre to date

Staff Report
18:06 March 10, 2018


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.