Arab Today, arab today real estate panel valuates dhs42b in h1
Last Updated : GMT 05:49:56
Arab Today, arab today
Arab Today, arab today

Real estate panel valuates Dhs42b in H1

Arab Today, arab today

Arab Today, arab today Real estate panel valuates Dhs42b in H1

Dubai - Arabstoday

The Real Estate Valuation Committee, in co-operation with the Real Estate Appraisal Center (Taqyeem) at the Government of Dubai Land Department (LD), has successfully valuated 1,090 properties worth Dhs42 billion at the request of property owners during the first six months of 2012. Mohammed Al-Dah, Head of Real Estate Appraisal Center said that the center and members of the Real Estate Valuation Committee have conducted the valuation by utilising data and information available at the LD’s records according to internationally adopted best practices and standards in terms of transparency. Al-Dah added that both LD, through the Center, and the Committee strive to meet the demands of the real estate sector and customers who wish to acquire a fair valuation of their properties for a variety of reasons. The number of valuation transactions have declined by 3 per cent in H1 compared to the same period in last year and the total value of appraised properties has declined by 26 per cent in H1 compared to H1 2011, thus reflecting maturity in the market, price stability and investor confidence in the sector. The Head of Real Estate Appraisal Center said that the valuation of any property is conducted on the demand of government authorities or owners only and in accordance with the approved policies implemented at the Department. According to the annual report issued by Taqyeem, 30 per cent of applications were presented to Dubai Municipality, 18 per cent to Dubai Courts, 17 per cent for sale purposes, 10 per cent for bank assessments, 6 per cent for grants, 6 per cent for exit, 6 per cent for investor’s visas and 1 per cent for auction purposes. There were two main types of valuation, 62 per cent of the transactions were for empty land plots and 38 per cent for buildings. The Real Estate Appraisal Center endeavors to provide high-quality service for clients by offering a fair valuation for the concerned property for the sale, purchase or other legal purposes. This will enhance clients’ confidence in the LD and consolidates its position as the official real estate reference that safeguards and supports the interests of those involved in the sector. Dubai Land Department was established in January 1960 to provide a systematic method for registration of land and property and protect the rights of clients and ensure all legal aspects relating to the sale and purchase of land, which enabled the Department to organise the registration process, which aims primarily to protect all relevant parties.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today real estate panel valuates dhs42b in h1 Arab Today, arab today real estate panel valuates dhs42b in h1

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today real estate panel valuates dhs42b in h1 Arab Today, arab today real estate panel valuates dhs42b in h1

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday