Accurate valuation of raw, planned, and investment land, including highest-and-best-use analysis per approved zoning/plans.
Land valuation determines the fair market value of land using the market (comparison) approach and the "highest and best use" principle, accounting for zoning classification and building requirements, in line with IVS and TAQEEM's requirements.
Accurate valuation of raw, planned, and investment land, including highest-and-best-use analysis per approved zoning/plans.
We apply the Market Sales Comparison Approach based on recent transactional evidence for equivalent tracts, complemented by the Residual Land Valuation method for developmental acreage, calculating the Gross Development Value of the proposed masterplan minus infrastructure, construction, finance costs, and developer profit margins.
Zoning parameters including allowable building heights, setbacks, site coverage percentages, and Floor Area Ratios (FAR) govern the gross leasable or sellable area achievable on a parcel. Consequently, land valuation is fundamentally driven by authorized development capacity and permissible uses rather than physical parcel footprint alone.
The presence of utility trunk lines including electricity, potable water, sewerage, and stormwater networks substantially curtails developer capital expenditure. Concurrently, level topography and favorable geotechnical ground conditions eliminate expensive cut-and-fill operations, directly bolstering net land valuation rates.