How to request property valuation and certificate in Ajman
Considering selling your property in Ajman? Understanding its current market value is essential to achieve a successful sale. By obtaining a property valuation and certificate in Ajman, you will gain valuable insight into the fair market value of your property in the emirate.
This guide provides a comprehensive overview of the property valuation process in Ajman, ensuring a smooth and informed experience.
WHAT IS PROPERTY VALUATION?
Property valuation is the process of determining the fair market value of your property. This means finding out what a willing buyer would pay to a willing seller in today’s market. Property valuation involves considering location, size, condition, current market trends and comparable properties.
WHY GET A PROPERTY VALUATION?
With the increasing popularity of property investments in Ajman, there are several reasons why you might need a property valuation & certificate in Ajman:
- Selling your property: An accurate valuation helps you set a realistic asking price, attracting serious buyers and ensuring a smooth sale.
- Tax purposes: Property valuation is often required for calculating property taxes.
- Acquiring a mortgage: Banks typically require a property valuation before approving a mortgage to determine the loan amount they can offer.
- Insurance purposes: An up-to-date valuation helps ensure your property is adequately insured.
- Estate planning: Understanding the value of your property aids in estate planning and the division of assets among heirs.
WHO CAN GET A PROPERTY VALUATION IN AJMAN?
Anyone can request a property valuation in Ajman, including:
- Individuals (property owners)
- Businesses (property owners)
- Government entities
REQUIRED DOCUMENTS FOR PROPERTY VALUATION AJMAN
Individuals:
- An official letter requesting an evaluation from a government entity (if applicable)
- Property completion certificate
- Annual income statement
- Proof of identity (yours and any legal representatives)
- Disclosure of maintenance fees (if applicable)
Businesses:
- Official letter requesting evaluation with details of the land
- Annual income statement
- Proof of identity (of all parties involved and their legal representatives)
Government Entities:
- Letter requesting evaluation from the government entity
HOW TO APPLY FOR PROPERTY VALUATION IN AJMAN?
There are two main ways to request property valuation and certificate in Ajman:
ONLINE THROUGH THE E-SERVICES PORTAL
This is the most convenient option. Here’s what you need to do:
- Visit the Ajman Department of Land and Real Estate Regulation’s E-services portal.
- Log in with your UAE pass credentials.
- Search for “Real Estate Valuation” in the service tab.
- Fill out the application form and upload the required documents.
- Pay the fees through credit cards. The fees vary depending on the type of property and the purpose of the valuation.
- The department will review your application and documents. Once approved, they will conduct the valuation and send you the certificate via registered email.
IN-PERSON AT THE CUSTOMERS HAPPINESS CENTRE
- Visit the Customers Happiness Centre located in Ajman and Masfoot.
- Ajman
- Timings: 07:30 am – 03:30 pm (Monday to Thursday) | 07:30 am – 12:00 pm (Friday)
- Location: Al Khail Street, Jurf 2
- Masfoot
- Timings: 07:30 am – 02:00 pm (Sunday to Thursday)
- Location: 5, Masfoot Street, Ground floor
- The staff will guide you through the application process and collect the required documents. You can then pay the fees and receive further instructions on the processing timeline.
PROPERTY VALUATION SERVICE FEES
The service fees depend on the type of property and purpose of the valuation:
- Application fee: AED 200
- Property evaluation (residential/investment/agricultural): AED 1,500
- Property evaluation (vacant land and real estate units): AED 1,000
- Evaluation of commercial/industrial real estate: AED 3,000
- Property project and common ownership system valuation: AED 5,000
- Inheritance/estate valuation by court order: AED 300
FAQS ABOUT PROPERTY VALUATION & CERTIFICATE IN AJMAN
HOW MUCH TIME IT TAKES TO GET THE PROPERTY VALUATION CERTIFICATE IN AJMAN?
The processing time can vary, but generally, you can expect to receive your valuation certificate within five days after your application is approved. The certificate will be sent to your registered email address.
HOW TO CONTACT THE DEPARTMENT OF LAND AND REAL ESTATE REGULATION AJMAN?
The Department of Land and Real Estate Regulation in Ajman can be contacted by phone at +971-6-703-8888.
WHO OFFERS REAL ESTATE VALUATION SERVICES IN AJMAN?
Besides AjmanRE, a range of entities provide property valuation services in Ajman, including real estate agencies, valuation firms, legal firms and financial institutions.
That’s the end of our guide on steps for real estate valuation in Ajman. Whether you’re selling, investing or simply tracking a property’s value, the procedure for real estate valuation in Ajman will help you make informed decisions.
Are you considering a move to Ajman? Here are the top family-friendly areas in Ajman for those seeking a comfortable place to call home. If you are considering renting in Ajman, check out our Tasdeeq guide, a system that promotes secure and transparent rental agreements for tenants and landlords.
If you are planning a move to the emirate, read Bayut’s Ajman Annual Market Report for 2023 to learn about the real estate market. From luxurious villas to cosy, affordable apartments, you can find different types of properties in Ajman catering to different economic groups.
For more property-related updates about Ajman and the rest of the UAE, stay tuned to MyBayut.
