Property Valuations

Commercial Property Valuation in Dubai and the UAE

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Land Sterling provides RICS Red Book commercial property valuations for lenders, corporates, funds and developers across the UAE. We value offices, retail, industrial, hospitality and specialist assets for financing, financial reporting, transactions and disputes. Every report is signed by the valuer and prepared under RICS regulation and Dubai Land Department accreditation.

Which standards do Land Sterling commercial valuations follow?

Our commercial reports meet the standards each stakeholder relies on:

  • RERA / Dubai Land Department: Land Sterling is accredited and registered with the Dubai Land Department.
  • RICS Valuation Global Standards (Red Book): the standard lenders and auditors look for.
  • International Valuation Standards (IVS): the global methodology baseline.
  • TAQEEM: for assets in Saudi Arabia, through landsterling.sa.
  • Financial and annual reporting: fair value as at the reporting date for company accounts.
Commercial Property Valuation | Land Sterling

Hamza Betraoui, MRICS

Partner & Board Member

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Why companies commission a commercial valuation

Each purpose needs a report written on that basis, so tell us the purpose at instruction.

PurposeWho needs itWhat the report gives
Loan security and refinancingBorrowers and banksMarket value for loan security
Financial and annual reportingCFOs and auditorsFair value as at the reporting date
Buying and sellingBuyers and sellersEstimated worth on current market trends: buyers can spot issues that lower the price, sellers can find improvements that raise it
Acquisitions and disposalsInvestment committeesIndependent value to support price and approval
REITs and fundsFund managers, regulatorsPeriodic portfolio valuations
Mergers and restructuringCorporates and advisersAsset values for purchase price allocation
Disputes and litigationLawyers and the parties to a disputeIndependent expert value
InsuranceOwners and insurersReinstatement cost, so cover matches rebuild cost
Lease renewals and rent reviewsLandlords and tenantsMarket rent evidence
Lease end and repair liabilitiesLandlords and tenantsPre- and post-lease assessment to establish damage costs and repairing liabilities

Commercial assets Land Sterling values

We value every main commercial asset class in the UAE, including the specialist assets below.

  • Offices
  • Retail: malls, retail units in commercial buildings, shop lots and shop houses
  • Industrial and logistics: warehouses, cold storage and loading bays, factories, manufacturing assets, oil and gas facilities, onshore and offshore maritime facilities, aviation facilities and industrial land
  • Hospitality: hotels, resort developments, golf courses and theme parks
  • Healthcare and education: hospitals, clinics and schools
  • Leisure and entertainment: leisure venues, visitor attractions and entertainment facilities
  • Mixed use and master plan developments
  • Giga projects
  • Sustainability
  • Agriculture
  • Data centres
  • Labour and staff accommodation
  • Land, including development land

How Land Sterling values commercial property

Every report states the method used and why. The method depends on the asset type and the purpose.

MethodUsed for
Income (investment) approach and DCFLet offices, retail, industrial and mixed use
Sales comparisonOwner-occupied units and assets with clear sales evidence
Profits methodHotels and other trading assets
Residual methodDevelopment land and projects
Depreciated replacement costSpecialist assets with no market evidence, and insurance

Analysis uses Dubai Land Department transaction records, rental evidence and our in-house ValuSoft platform.

Portfolio and specialist valuations

We value single assets and full portfolios. Mandates include the entire portfolio of Al Ghurair Real Estate, and valuations for Union Properties PJSC and RAKEZ. More than 30 professional valuers allow us to inspect and report on large portfolios within one instruction.

Commercial property valuation in Abu Dhabi and Saudi Arabia

We value commercial assets in Abu Dhabi from our Abu Dhabi office and in Saudi Arabia through landsterling.sa, accredited by TAQEEM.

Commercial valuation FAQs

Commercial valuations are quoted per instruction, based on asset type, size, number of properties and purpose. We confirm the fee in writing before inspection.

Timelines depend on the asset, the purpose and the number of properties, and are agreed at instruction.

The purpose and basis of value, the inspection findings, the method and the evidence used, the assumptions, the market value at the valuation date, and the valuer’s name and signature.

Yes. An independent valuation tells you whether the price matches current market evidence before you commit, and gives you a figure your lender and investment committee can use.

Yes. Reports can be prepared at fair value as at the reporting date, in line with the RICS Red Book.

Yes. We value portfolios across the UAE from our Dubai and Abu Dhabi offices, and in Saudi Arabia through landsterling.sa.

Lenders usually rely on a commercial valuation for up to 90 days. For accounts, the report states the valuation date.

A valuation states what an asset is worth for a stated purpose. A building survey reports on its physical condition. We offer both, as separate services.