Appraisal Request Form Template for the United Arab Emirates

When you need a property valuation in the United Arab Emirates, an Appraisal Request Form is your first step toward obtaining a professional assessment that meets regulatory standards. This document serves as a formal request to qualified valuers, ensuring all necessary information is captured according to RERA guidelines and federal legislation. The form establishes clear communication between you and the valuation professional while protecting your interests throughout the process.

When do you need this document?

You'll require an Appraisal Request Form whenever you need an official property valuation in the UAE. This includes situations such as securing a mortgage from a bank or financial institution, where lenders require independent valuations to assess loan-to-value ratios. Real estate developers often use these forms when establishing market values for new projects or seeking investment funding. Insurance companies require appraisals to determine coverage amounts and premiums for property insurance policies. If you're involved in legal proceedings such as divorce settlements, inheritance disputes, or property litigation, courts may require formal valuations. Property management companies use these forms when preparing annual asset reports or conducting portfolio reviews for investors.

Key legal considerations

Your Appraisal Request Form must comply with specific legal requirements to ensure the resulting valuation is legally defensible. The form should clearly identify all parties involved and specify the exact purpose of the valuation, as different purposes may require different valuation approaches under UAE law. You must provide comprehensive property details including title deed information, current usage, and any encumbrances or restrictions. The form should specify which valuation standards apply – typically the UAE Valuation Standards 2015 or RICS Red Book UAE Edition. Consider confidentiality requirements and data protection obligations when sharing sensitive property information. Ensure the chosen valuer holds appropriate licenses and certifications required by local authorities, particularly in emirates like Dubai where specific licensing requirements apply under Local Order No. 2 of 2017.

Legal requirements in United Arab Emirates

Under Federal Law No. 27 of 2007, property valuations must follow established procedures to be legally recognized. RERA regulations require specific information to be included in valuation requests, including property registration details, current market conditions, and intended use of the valuation report. The Consumer Protection Law (Federal Law No. 24 of 2006) governs the professional relationship between you and the valuer, ensuring you receive competent services. In Dubai, additional requirements under Local Order No. 2 of 2017 mandate that valuers hold specific licenses and follow prescribed methodologies. Your form must specify whether the valuation is for regulatory compliance, financing purposes, or legal proceedings, as each category has distinct requirements. The document should also indicate any time constraints, as emergency valuations may require expedited procedures with additional documentation.