People are always skeptical upon valuating there real estate property in Dubai. A valuation of a real estate property is dependent upon various factors and is mere a calculation rather than an estimated guess. There are many agencies in UAE that offers real estate consultancy in Dubai for real estate valuations in Dubai and it is advisable that the estimate shall be obtained from a real estate valuator who offers professional real estate consultancy rather than going with your own guesses.

A real estate valuator takes into consideration various factors before giving the estimate as in the market price of the properties nearby, the locality of the area and conveyance of the habitants to the other area, facilities available in that area and many other factors which a common man cannot judge. 

One of the most important factors which are considered especially in Dubai, where development projects occur in a very rapid pace, is the future development projects expected to occur in the surrounding of that property. A good real estate consultant in Dubai keeps himself acknowledge of the  upcoming development projects approved as well as in pipeline and is well aware of the impact it will have on the property. It doesn’t always happen that due to development projects the price of the property goes high it sometimes has an adverse affect as well on it. Hence when you are seeking real estate consultancy in Dubai for the real estate valuations keep in mind that this is the matter you have to discuss with the consultant and its impact on the property as well.

The above mentioned are the primary factors effecting the valuations of a property that have a direct impact on it. There are secondary factors involved in it as well like supply and demand of work force, economic factors, law and order, political stability and employment opportunities. Right now the most important secondary factor which can also be stated as primary factor due to its major impact is the expo 2020 of Dubai. It’s still 6 years to go for the event to occur but this has impacted the real estate prices since the day the event was officially announced to occur. At this moment if I make an observation that would be pretty obvious that the real estate prices will be at an increasing trend till 2020 and will be at its peak when the event would occur. After the event either the real estate prices would be stable, decreasing or it would continue with an increasing trend would be hard to say at this point. I hope I pretty much made the concept clear of the importance of secondary factors on a real estate market with the expo 2020 Dubai example.

So these factors must also be give equal importance. Your real estate consultant might not be able to brief these factors due to its limitations on expertise of the primary factors involved. However a good real estate consultancy firm will have special professionals assigned for real estate valuations inDubai with the effect of these secondary factors as well. It is advised that real estate consultancy in Dubai shall be obtained rather than having guess upon your instincts.