Why Know Your Property Value?
Knowing your property value is essential for selling, buying, insurance, financing, or simply tracking investment performance.
5 Valuation Methods
- Market Comparison: Find similar recently sold properties in the same area using eaqar.com or bayut.com
- Income Method: Value = Net Annual Income / Capitalization Rate. Example: 60,000 SAR net income at 7% cap rate = 857,000 SAR value
- Replacement Cost: Calculate cost to rebuild from scratch plus land value
- Official Appraisal: Certified appraiser from Saudi Valuers Association (Taqeem) — costs 500-2,000 SAR
- Rent Multiplier: Annual rent × area multiplier (typically 12-18x in Saudi cities)