Conducting a property valuation is an essential part of making the best investment decision possible.
Because not every investment provides the same yield, some investments are a better fit for your needs than others.
We have two properties. And at first glance they seem to be the same. But, the appearance can be deceiving.
Landlords need to understand their own properties’ current values over time to set the right prices when they decide to sell or rent. Knowing the market value of your property helps you understand the current market price, and negotiate better deals.
Evaluating a property’s worth based only on current online listing prices is a common mistake. Many real estate owners list their properties based on the most recent online asking price. Most people just blindly follow the crowd, and don’t question the market price.
Property is a financial investment, so it pays to understand its actual value. You’ll need to look at three things:
First, market conditions can be up and down. With this fact, the price of your property will not be fixed all the time.
The value of your property may be more or less than what you expect. In a buyer’s market, where there are more sellers than buyers, property values will decrease due to an imbalance between supply and demand. And vice versa.
Second, you need to see the transactions made on similar units, not just the listed units for sales or rent.
Your asking price should always be higher than this price.
Finlay, you need to find out about the supply and demand factors. Learn about the new projects coming up, and how they’re going to be sold. Because the supply will determine the price as well.
We understand how frustrating it is when you try to assess your property and find out all that nonsense you will have to deal with from lots of people around you. That’s why we developed a new process called RIVA, Reality Investment Value Analysis.
The property rental and sales market in Dubai is highly competitive, and there are several ways to get started.
RIVA is a proven, practical strategy based on local market knowledge, giving you a variety of options and professional services to help you sell or rent your property in Dubai.
Getting a RIVA opinion about your property’s value is a good and free way to get a second opinion.
RIVA uses a mixture of science and art. It draws on market specific data such as recent sales and property condition and amenities, then adjusts the value of the subject property up or down to make a “fair market value” comparison.
With RIVA, you’ll save time, reduce risk, and maximize your benefits.
Key Clue Properties is the only certified agency that follows the “RIVA” process in Dubai.
We will offer you the best options that match your property value and your needs in 48 hours only.
Click the button below and request for an appointment to start your RIVA journey today.
