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Property Evaluation Form for Saudi Arabia

Property Evaluation Form Template for Saudi Arabia

A comprehensive property evaluation document compliant with Saudi Arabian real estate regulations and TAQEEM standards, designed to provide a professional assessment of real estate value. The form incorporates detailed property analysis, market conditions, and valuation methodologies in accordance with Saudi law and international valuation standards. It serves as an official record of property valuation, considering local market dynamics, legal requirements, and specific property characteristics while ensuring compliance with Saudi Arabia's property valuation framework and regulatory requirements.

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What is a Property Evaluation Form?

The Property Evaluation Form is a crucial document in Saudi Arabia's real estate sector, used to establish the market value of real estate assets in compliance with local regulations and international standards. This document is required for various purposes including property transactions, mortgage applications, insurance assessments, and legal proceedings. The form must adhere to guidelines set by the Saudi Authority for Accredited Valuers (TAQEEM) and incorporate recent regulatory changes aligned with Saudi Vision 2030. It contains detailed property analysis, market research, and valuation calculations, serving as a credible reference for all stakeholders involved in real estate transactions within the Kingdom.

What sections should be included in a Property Evaluation Form?

1. Property Identification: Basic details including property address, type, registration number, and GPS coordinates

2. Client Information: Details of the client requesting the evaluation, including contact information and purpose of valuation

3. Valuation Parameters: Date of inspection, date of valuation, currency, and basis of valuation

4. Property Description: Detailed description of the property including physical characteristics, construction quality, and condition

5. Location Analysis: Assessment of the property's location, surrounding area, and accessibility

6. Legal Status: Property ownership details, title deed information, and any legal restrictions or encumbrances

7. Market Analysis: Overview of current market conditions affecting the property value

8. Valuation Methodology: Description of the approach(es) used for valuation and justification

9. Value Assessment: Detailed calculations and final value conclusion

10. Assumptions and Limitations: List of any assumptions made and limitations of the valuation

11. Valuer's Certification: Professional certification, TAQEEM membership details, and declaration of independence

What sections are optional to include in a Property Evaluation Form?

1. Environmental Considerations: Used when environmental factors significantly impact property value or when environmental assessment is specifically requested

2. Income Analysis: Required for income-producing properties, including rental income and operating expenses

3. Development Potential: Included when the property has significant development potential or when evaluating vacant land

4. Historical Significance: Required for heritage properties or buildings with historical value

5. Specialized Equipment: Used for industrial properties or properties with significant fixed equipment

6. Compliance Analysis: Included when specific regulatory compliance issues need to be addressed

7. Risk Assessment: Added for high-value properties or when specifically requested by the client

What schedules should be included in a Property Evaluation Form?

1. Photograph Schedule: Comprehensive set of property photographs including interior, exterior, and surrounding area

2. Location Maps: Maps showing property location, access routes, and surrounding landmarks

3. Title Documents: Copies of relevant property ownership documents and title deeds

4. Floor Plans: Detailed floor plans and area measurements

5. Comparable Evidence: Details of comparable properties used in the valuation

6. Zoning Documents: Relevant zoning certificates and land use regulations

7. Building Permits: Copies of building permits and completion certificates

8. Market Data: Supporting market research data and analysis

9. Valuation Calculations: Detailed calculations used in determining the final value

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Saudi Arabia

Publisher

Ƶ

Document Type

Evaluation Form

Cost

Free to use
Relevant legal definitions






































Clauses

























Relevant Industries

Real Estate

Banking and Finance

Insurance

Construction

Property Development

Government and Public Sector

Hospitality

Retail

Industrial

Commercial Property

Residential Property

Relevant Teams

Real Estate

Valuations

Property Management

Asset Management

Investment Analysis

Risk Assessment

Legal

Facilities Management

Development

Finance

Insurance

Compliance

Documentation

Relevant Roles

Property Valuer

Real Estate Appraiser

Property Assessor

Real Estate Analyst

Mortgage Officer

Property Manager

Real Estate Agent

Investment Analyst

Asset Manager

Development Manager

Facilities Manager

Insurance Underwriter

Real Estate Portfolio Manager

Property Development Director

Real Estate Investment Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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