Highest and Best Use
Studies in Dubai
The highest and best use refers to the most profitable usage of a property. Land Sterling offers the highest and best use study services in Dubai for commercial and residential properties.
Our study and research approach guides property owners regarding the most profitable uses of their property. We include a detailed analysis of the current usage of the property and find scenarios that might lead to the optimal use of the property and its resources.
Land Sterling has a team of certified professionals who specialise in conducting high and best-use studies. Our analysts and auditors look at the current state of the property and find ways to set your property up in a way that delivers maximum value.
What is the Highest and Best Use Analysis in Real Estate?
The highest and best use of a property is the probable and legal use of vacant land or a complete building that is physically possible and financially feasible.
Highest and best use study/analysis used a futuristic approach to find the most profitable usage for a property. The study also includes an estimation of the costs required to switch from one use case for a property to another.
Our high and best use study experts use the standard tests for finding the highest and best use insights for a property. These tests include physical possibility, legal permissibility, financial feasibility, and maximal productivity.
Professional Highest and Best-Best Use Study Services
We conduct highest and best use studies for a range of development lands, whereby we identify what is physically possible, market supported, financially feasible, and in turn, will result in the highest value and profit.
The highest and best use study consists of site analysis, economic and demographic analysis, and a market review of the best-suited real estate asset class, considering the market background, pricing trends, supply, and demand analysis.
This is followed by outlining the optimal component mix in terms of high-level area allocations, developing financial assumptions, and projected financial statements for each potential use and the overall project.
Expert Property Highest and Best Use Studies in Dubai
Land Sterling is a trusted real estate solutions provider in Dubai with expertise in the highest and best use studies for residential and commercial properties. We offer a complete report regarding the most profitable use of a property, based on the resources available in a building. Our study and analysis give property owners useful insights regarding the optimisation of the property to ensure its highest and best usage.
Contact Land Sterling right now to get a free quote for our highest and best use study services.
What is the purpose of the highest and best use study?
How would the market determine the highest and best use?
The highest and best use of a property is determined using an in-depth appraisal. The appraisal helps find the most profitable use for a property in terms of the current state or any other future usage that you might have in mind.