Apartment valuation in Dubai
What your apartment is worth depends largely on the building, the floor level and the view. We value it on the basis of real transactions in the same tower and area.
Two apartments of the same size in the same tower can differ in price by well over ten per cent. The floor level, the view, the layout and how well the building is maintained all decide it. We value an apartment by reading real transactions in its own building, because those say the most about the price.
What raises and lowers the price of an apartment
Two apartments of the same size can carry a clearly different price. Several details decide it, details you cannot see when you look only at the number of square metres.
We have gathered these factors so you know what works in your property’s favour and what pulls the price down.
- The building and its reputation. The same floor area in a respected tower is worth more.
- The floor level and the view. A higher floor and an open view can raise the price considerably.
- The layout. A functional plan with no wasted space sells for more.
- The service charge. A high rate puts buyers off and weighs on the price.
- The condition and the standard of finish relative to other units in the building.
Once you know these elements, it is easier to decide whether to improve anything before selling. Describe your apartment to us and we will tell you which of them raise its value.
Why we look at transactions in your tower
An average price per square metre for a whole area sounds precise, but for a single apartment it says little. It blends different buildings, standards and floors into one number.
The most telling guide to the price of your property is transactions in the same tower, because they concern the same building and the same conditions.
- Transactions in the same building are the most reliable point of reference.
- An average price per square metre for an area blends different buildings and standards.
- We adjust for differences in floor level, view and layout between your property and the comparables.
This way the range we give relates to your specific apartment, not to a statistical average. Give us the building and unit number and we will base the valuation on transactions in your tower.
Why the service charge weighs on the price
Someone buying an apartment looks not only at the purchase price, but also at the annual cost of ownership. A high service charge raises that cost and puts some buyers off.
So in a valuation we take it into account alongside the price per square metre, because it genuinely affects what someone is willing to pay.
- A low, stable service charge works in favour of the price.
- A very high rate can lower the value even in a good building.
- We compare your charge with the rates in other towers in the area.
If you know the level of your service charge, we will factor it into the valuation straight away. Call with that figure and the property details, and the range will be more precise.
Frequently asked questions.
What most affects the price of an apartment in Dubai?
The building and its reputation, the floor level, the view, the layout and the level of service charge. At the same floor area, these factors can shift the price by well over ten per cent.
Does a high service charge lower the value of an apartment?
Yes. A high charge puts buyers off, because it raises the annual cost of ownership. In a valuation we take it into account alongside the price per square metre.
Why is an average price per square metre for an area not enough?
Because it blends different buildings, standards and floors. For an apartment the most reliable guide is transactions in the same tower, adjusted for differences in floor, view and layout.
Is an apartment valuation free?
The initial market valuation for a sale is free of charge and without obligation. You get a range and the reasoning behind it.
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Want to know what your apartment is really worth? We will value it properly.
Based on transactions in your building, not an average price for the area.