Official Property Valuation: Who Qualifies and What You Get

An official property valuation is a formal assessment of a property's worth, providing a certified certificate that serves as official proof of value for legal or financial purposes.

👤Who it's for

This service is designed for two primary groups within the United Arab Emirates. It is for property owners who need to establish the current market value of their assets for official documentation. It is also for buyers who require an official valuation to move forward with a real estate transaction or to satisfy the requirements of a financial institution.

🎁What you get

When you complete this process, you receive a certified valuation certificate. This is an official document that confirms the assessed value of the property. This certificate is specifically used to meet the requirements for bank loans, ensuring that the bank has verified documentation regarding the collateral or the asset being purchased.

💰What it costs you

Using this service is not free. You will be required to pay a valuation fee to cover the cost of the assessment. The specific amount you are asked to pay is not a flat rate; instead, the fee is determined based on the specific type of property being valued.

⚠️The catch to know

The most important thing to remember is that these valuations have an expiration date. A valuation certificate is only valid for a specific period, which is usually between three and six months. If your loan process or sale takes longer than this timeframe, you may need to request a new valuation to ensure the document remains valid for the bank or the relevant authorities.

📝How to apply

1. Contact your local Land Department or an authorized provider to initiate the request.
2. Provide all necessary property details and documentation required for the assessment.
3. Pay the valuation fee, which will be calculated based on your property type.
4. Wait for the assessment to be completed and collect your certified valuation certificate.