Bank Valuation

A bank valuation is an independent assessment of property market value commissioned by lenders to determine maximum loan amount, conducted by approved valuers using comparable sales and property condition analysis.

Valuation ProcessSteps
Property inspectionPhysical site visit
Comparable analysisRecent sales in same area
Condition assessmentStructure and systems review
Report preparation3-7 days typical
Cost and TimelineDetails
Fee rangeAED 2,500-3,500
Paid byBuyer/borrower
Validity90 days from issue
BindingOn lender, not borrower
Valuation OutcomesImpact
At or above purchase priceLoan proceeds as expected
Below purchase priceReduced loan amount
Significant shortfallDeal may collapse
Revaluation optionPossible after 30 days

Related Terms

Loan-to-Value (LTV)Mortgage (Residential)Green MortgageCommercial MortgageMortgage InsuranceMortgage CapMortgage Processing FeeMortgage TermMortgage Processing Fee Fixed-Rate Mortgage Fixed-Rate MortgageFloating Rate MortgagePre-Approval (Mortgage)Buy-to-Let MortgageFair Market ValueFair Market Value (FMV)Due DiligenceCollateral Mortgage RequirementsValuation Fee

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