Comparable Sales (Comps)
Comparable sales are recently sold properties with similar characteristics used to estimate market value through comparative analysis.
| Matching Criteria | Priority |
| Location proximity | Same building or development preferred |
| Property type | Studio, 1BR, 2BR must match |
| Size similarity | Within 10% to 15% of subject property |
| Sale recency | Within 3 to 6 months ideal |
| Condition equivalence | Similar age and renovation status |
| Adjustment Factors | Typical Range |
| View premium | 5% to 15% for marina or Burj views |
| Floor level | 1% to 2% per floor in high-rises |
| Condition differential | Minus 10% to 15% for poor condition |
| Time adjustment | Plus or minus 0.5% to 1% per month market movement |
| Parking spaces | AED 30,000 to 80,000 per space |
Related Terms
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