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Real estate property valuation in Dubai
We value the individuality and history of each property. Often, it is the hidden values that determine the valuation. Our experienced advisors will recognise all the unique details to market your property and achieve the best possible price. Our experienced advisors recognise all the unique details to provide accurate property valuation.
On-site valuation
The best value comes through in an on-site valuation, where our experts consider all of the unique characteristics that make your property special.
Skilled professionals
A precise property valuation in Dubai requires the right local market knowledge and experience. Our experts determine the optimal price based on market and target group analysis.
Local expertise
A precise property valuation requires the right market knowledge and experience. Our local experts determine the optimal price based on market and target group analysis.
Importance of an accurate property valuation
In Dubai’s competitive real estate market, accurate property valuation is crucial. Whether you're selling, refinancing, or renting, a precise property valuation ensures you maximize your property's financial potential. Our property valuation services in Dubai provide an in-depth analysis of the market and target audience to give you an edge.
The correct valuation
The top 6 factors for property valuation
One of the most important steps in selling a house or apartment is getting an accurate property valuation. Let's examine the six key factors that play a significant role in determining your property's value.
“Location, location, location”: The old maxim remains true. The location of a property is still one of the most value-determining factors and often more than the property itself. We differentiate between micro-location and macro-location. The micro-location is the close surroundings of the property, such as the community or sub-community. In contrast, the macro location describes the broader region of the property. Whether a location is desirable is determined by several factors, including the existing infrastructure and cultural, educational, and recreational facilities.
Is the property newly built, or has it been there for a while? Is it in need of renovation or as good as new? Age influences the property valuation - newer properties typically have a higher worth. However, it has less to do with the year it was built and more with the property's condition in relation to its age. For example, renovation work may be required if a property is very old. However, older properties in prime communities are still sought after and achieve high transaction prices.
The condition of the property is very important for prospective buyers. Upgraded properties achieve higher selling prices. Whatever the location and condition of your property, our experts will give you the best possible advice on how to add value through upgrades.
What property type are we dealing with—a standalone villa, a unique duplex apartment, a corner-unit townhouse, or an elegant mansion? The type determines the demand for a property and, therefore, its valuation.
How many rooms are there? Is there a roof terrace or a large garden? Are there unique features such as an incredible view, a private pool or an extended layout? Factors such as these are very individual and essential to property valuation in Dubai.
Last but not least, general supply and demand in the local property market significantly determine a property’s price valuation. Our local agents at Engel & Völkers are knowledgeable about the current demand in your region, past transactions, and how it affects the value of your property.
Good to know
Does your property include unique features such as a sea view, upgraded decor, or a beautifully landscaped garden? Get an on-site property valuation from an experienced Engel & Völkers advisor. With their comprehensive expertise, they will be able to evaluate your property with highest accuracy, taking into account the unique features to achieve the highest possible valuation.
Getting ready
How to prepare for a property valuation
To get the most accurate valuation, preparing your property before an on-site visit is essential. Simple steps like decluttering, ensuring all maintenance is up-to-date, and providing details on recent upgrades can help boost your property’s valuation. Our advisors are experts in property valuation services in Dubai and will guide you through the entire preparation process.
Selling – with or without an advisor?
Deciding whether to sell privately or via an advisor is an important decision. Whilst it may be tempting to save on commission by selling privately, there are several potential pitfalls to consider.
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Selling with a real estate advisor
When you choose Engel & Völkers' property valuation services, you’re not just getting an evaluation - you’re gaining access to the tools and resources to sell your property at the best price. Our advisors have an active client base and will market your property via various marketing methods, ensuring it receives the highest exposure to potential buyers. Effective marketing, local market knowledge and an extensive network will provide a fast and efficient sale at the best possible price.
Selling without a real estate advisor
Those who wish to sell their property without a real estate agent will save on real estate commission, but they must consider whether they will still achieve as good a price and whether it is worth the added time and effort that comes with selling independently. They will not have access to the same marketing channels, possess the local market knowledge, and handle all viewings, negotiations, etc. on their own.
Sell successfully with Engel & Völkers
It's promising: Our worldwide network of pre-qualified prospective buyers, along with our highly experienced local advisors, will ensure the perfect match for your property.
FAQ
Answers to frequently asked questions
To ensure an accurate property valuation, you should use a real estate agent who has experience in your local area. With over 200 agents across Dubai, Engel & Völkers’ expert team is here to help. Contact us today to request an online or on-site valuation - its completely free and there are no commitments.
Real estate agents have several standard valuation methods at their disposal, depending on the property in question. Those mostly used are the comparable value method, real value method, and income value appraisal method. The comparable value method evaluates the selling price that was achieved by similar properties based upon factors such as the location, furnishing, size, and layout.
But, Engel & Völkers Property Valuation Services go beyond comparables, recognizing that every property is unique! When evaluating a property on site, the Engel & Völkers real estate agents will take individual features and details of your property into account during the property valuation. The agent values the special history behind each property and understands the "hidden values" of your home.
We will undertake a comprehensive property valuation based on our extensive database, years of experience, and local market expertise. Our sound valuation takes into account the full potential of your property and can include a detailed market and target group analysis in order to achieve the highest possible sale price.
A precise valuation by Engel & Völkers takes approximately one week, depending on the individual parameters of the property.
Several things can be done to increase the value of a home before the property valuation, including:
Doing basic decoration like repainting
Upgrades to the interior of the property
Landscaping the garden
Fixing any issues with the property
And many more…
At Engel & Völkers, we will expertly support you in raising the value of your property.
Contact
Contact your personal advisor
Engel & Völkers Dubai
Golden Mile Galleria 2, Office 21, Mezzanine Floor
Palm Jumeirah, PO Box 17722, Dubai, UAE
Tel: +971 4 4223500