{"id":53163,"date":"2023-01-02T13:59:50","date_gmt":"2023-01-02T10:59:50","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=53163"},"modified":"2023-01-02T13:59:50","modified_gmt":"2023-01-02T10:59:50","slug":"%d8%aa%d9%82%d9%8a%d9%8a%d9%85-%d8%b9%d9%82%d8%a7%d8%b1%d9%8a","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/53163\/","title":{"rendered":"Real estate valuation 900 billion riyals valuation of real estate assets in 2022"},"content":{"rendered":"

Real estate valuation: <\/strong><\/span>The Saudi Authority for Accredited Residents revealed that The size of real estate assets<\/a><\/span> The estimated value during 2022 amounted to about 900 billion riyals, with a total of 260,000 real estate assets ranging from land, space, and residential buildings of various types. It also pointed out the possibility of benefiting from valuation services through the Qimai platform, which allows beneficiaries to obtain numerous offers to carry out the valuation process and compare them among themselves, as well as to follow up on all the steps of the process and manage them fully through the system.<\/p>\n

500 establishments in \u201devaluation\u201d<\/strong><\/span><\/h4>\n

She explained Saudi Organization for Certified Valuers \u201cTaqeem\u201d<\/a> <\/span>The number of assessment facilities licensed in various regions and cities of the Kingdom has exceeded 500, including property assessment, economic facilities, machinery and equipment, and vehicle damage. It is worth noting that all these processes are carried out through an automated system through reports submitted by the assessment facilities to the Electronic Value System.<\/p>\n

The Authority noted that the Board approved its strategic plan for 2022-2025, which focuses on six strategic objectives: improving the quality of the evaluation profession, raising awareness of the evaluation profession, strengthening the regulatory and oversight environment, developing the effectiveness of the organization, ensuring financial sustainability, and empowering human capital.<\/p>\n

Improving the quality of evaluation practices<\/strong><\/span><\/h4>\n

The Authority stated that it focuses through its strategic objectives on playing a pivotal role among evaluation organizations and enhancing the position of \u201cevaluation\u201d as an organization and supporter of the evaluation profession, and supporting the growth and sustainability of evaluation institutions in order to contribute to the maturity and transparency of the market, in addition to enhancing awareness and trust in the market and strengthening trust among market participants, improving the quality of evaluation practices and providing reliable evaluation reports, in addition to increasing efforts to supervise evaluation institutions, with the aim of improving the outputs and evaluation reports, as many regulations and legislations require the use of certified evaluators to make important decisions, therefore the evaluator plays a major role in enhancing trust, transparency, security, and influencing the development and economic movement.<\/p>\n

Real estate appraisal<\/strong><\/h4>","protected":false},"excerpt":{"rendered":"

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