Search Property

logo
logo

SERVICES

RESIDENTIAL VALUATION

There are multiple reasons why residential property valuations are required. Our experienced valuers can provide all information necessary for different valuation types and purposes. RedRock Valuations team is certified and has extensive experience working with all types of residential ownership, including freehold, leasehold and non-freehold properties.
We also offer various types of inspections including full inspections, drive-by, and desktop inspections.

We manage:

  • Residential developments Services
  • Flats & Apartments Services
  • Villas & Townhouses Services
  • Residential towers Services
  • Property portfolios Services
  • Residential land Services
  • Villa compounds Services

Book a Consultation
image
image
image
image
image
image
IMAGE

FREQUENTLY ASKED QUESTIONS

A valuation of a real estate asset such as a residential apartment takes into account typical characteristics like size, layout, specification, condition, views. Depending on the property type, the characteristics will differ, however generally speaking a real estate valuation typically excludes furniture, plant & machinery.
A bank typically requests an independent third party to carry out a valuation for real estate assets, to provide expert and impartial advice. This is a form of risk analysis for banks to check if the amount to be borrowed aligns with the banks’ policies and risk appetite. The timeline for the valuation/appraisal process varies by property type and bank, but generally, for a typical residential property, the expected timeline is around 3 working days. The valuation firm will contact you to arrange the inspection and then the report is completed and sent to the bank directly.
It is important to check if the valuation company is compliant with certain standards. Asking questions before can avoid headaches and time wasted. Check if the company is RICS Registered and/or do they have any RICS members within the company? Also, is the company compliant with the local jurisdiction standards? If you feel that the property is not valued correctly, then it's worth doing your own research on the local market, finding evidence from quality data platforms and speaking to reputable agents in that community. If you still feel the same way then you can query the valuation by emailing the lender (bank) highlighting the reasons. It is important to separate heart from head in this scenario as purchasing or selling property can be sentimental.
Data availability is key to providing a high-quality valuation service. Globally there is different data platforms and sources. Typically a good valuation firm will use a variety of data sources including land department data, internal/external databases and speaking to reputable brokers. You can enquire with the surveyor as different companies may use different sources of evidence.
You may be asked if all the property is able to be inspected, are there any modifications to the property, the occupancy status, property type etc. A good rule for health reasons is to open all the doors so the surveyor does not have to touch any surfaces. You should have already provided the relevant documents.

SERVICES

COMMERCIAL VALUATION

Our Commercial Valuations are provided to our clients for a number of different purposes and always delivered according to international standards with attention to detail. Our clients request valuations services for different purposes, from annual financial reports to property purchases. As a leading commercial real estate agency and consultancy, we bring extensive experience working with all types of commercial properties in both free zones and mainland areas across Dubai. Therefore, we are able to offer an efficient service, with detailed reports delivered promptly, wherever the purpose is.


We manage

  • Offices
  • Full Floors
  • Full Buildings
  • Industrial warehouses
  • Staff accommodation
  • Mixed-use developments
  • Commercial portfolios

Book a Consultation
image
image
image
image
image
image
image
image
IMAGE