Real estate valuation questions

Search the firm’s name in the register of the Saudi Authority for Accredited Valuers (Taqeem) at taqeem.gov.sa and confirm the membership number and its validity. Tawazun Professional Consulting Co. is registered with the authority under membership number 11000233, and its entry on the authority’s site is publicly viewable.

Every Tawazun report is approved by a valuer licensed by the Saudi Authority for Accredited Valuers. The chief executive, Sultan Al-Ghannam, holds valuer licence no. 13095 and reviews each report before it is issued. That licence is personal to the valuer and is separate from the firm’s membership number.

There is no fixed tariff: the fee follows the asset type, the scope of work, the purpose of the valuation, and the number and location of the properties. Tawazun issues a quotation within 48 hours of receiving the property details.

The timeline follows the scope: the number of assets, how complete the records are, and whether a site inspection is required. A first response comes within one working day and a quotation within 48 hours; the delivery date is agreed as part of the scope before work begins.

An accredited report is required for a sale or purchase, for financing secured against property, for dividing an estate among heirs, for a dispute or claim involving the value of a property, for expropriation for public benefit, for financial statements that include property assets, for setting a market rent, and for assessing a property investment.

The basis is the title deed or other available evidence of title, plus plans and verified areas. Depending on the case we also ask for building and occupation approvals, leases and income information for a let property, the estate record for a division, and the competent authority’s decision in an expropriation. Any gap is identified early and its effect is stated in the report.

The report is issued by a firm licensed by the Saudi Authority for Accredited Valuers, prepared to the requesting party’s requirements and the purpose stated in the instruction. Acceptance is the receiving body’s own decision under its policies, which is why the intended user and the limits on use are fixed before work begins.

The International Valuation Standards in force, together with the professional practice recognised in the Kingdom of Saudi Arabia. Every report states the basis of value, the valuation date, the approaches and methods used, and the assumptions and limitations the opinion rests on.

An accredited valuer gives an independent professional opinion of value under a licence from the Saudi Authority for Accredited Valuers and has no interest in whether a transaction completes. A broker works to complete a sale or a letting and is paid for doing so. That independence is what makes a valuation report usable before a lender or a court.

Market value estimates the price a property would sell for at a stated date on an agreed basis of value. Market rent estimates the rental value by comparison with similar properties of like character, specification and lease terms. They are two different opinions, each produced under its own instruction and scope.

A report states the value at the valuation date recorded in it, not an open-ended value. How long it is accepted is decided by the requesting party under its own policy; lenders, for example, require a specific date. Where market conditions or the condition of the asset change, the date, information and inspection may need to be updated.

The Real Estate Appraisal Branch operates across the regions of the Kingdom of Saudi Arabia. The office is in Riyadh, Al Aziziyah, Al Nasr Road. The location of the asset and the number of inspections required both affect the timeline and the fee.

Client information is confidential. Tawazun does not share asset or owner details with third parties, and a non-disclosure agreement can be signed before any document changes hands.

Send the property details through the request form on the contact page: name, mobile number, valuation type, property type, city and purpose. A first response follows within one working day and a quotation within 48 hours. You can also call 0112130080 directly.