As part of the next step in its growth trajectory in Qatar, ValuStrat announces the launch of a specialised residential valuation division, along with enhancing its capabilities for commercial and industrial appraisals. This strategic direction exemplifies the firm's responsiveness to the evolving needs of its clients in Qatar.
This development addresses the growing demand for sector-specific property valuation services in Qatar, recognising the intricacies of diversifying client requirements, especially for the financial sector, which relies heavily on faster valuations and bespoke reporting based on the RICS Red Book standards.
After entering the market in 2013, ValuStrat has established itself as a reliable partner in strategic advisory, valuations, and research, specifically in the real estate sector in Qatar, achieving exceptional success through its strategic collaborations with clients. Acknowledging the shifting needs in Qatar's property sector, the firm has expanded its team to cater more closely to the nuanced requirements of stakeholders in commercial, residential and industrial properties. The goal is to offer valuations that truly mirror present market dynamics. Having a strong relationship with Qatar's local banking and financial services industry, ValuStrat serves more than 120 top-tier financial institutions in the EMEA region. This strategic partnership enables robust decision-making for institutional, corporate and retail clients for commercial, residential and industrial real estate-centric projects.
"We are excited about expanding our valuation team in Qatar and creating a dedicated division for residential property valuations while expanding our capabilities for commercial and industrial appraisals. I am proud of our team's talent for building lasting client relationships over the last few years. They use subject matter expertise to give excellent financial and investment advice, helping clients align with their goals. Our team's familiarity with local nuances has allowed us to foster trust over the years. This strategic move allows us to better serve our clients in the rapidly evolving Qatari real estate market and deliver high-quality valuations that meet their specific needs." said Pawel Banach, FRICS, General Manager – Qatar, ValuStrat.
The commercial property valuation team will focus on providing in-depth analyses and valuations for a range of properties, including office buildings, retail spaces, hospitality & entertainment operations, as well as industrial facilities. ValuStrat's team of experienced RICS valuers will leverage their expertise in market research, financial analysis, and industry knowledge to deliver accurate and reliable valuations that assist clients in making informed decisions.
Anthony Fernando, MRICS, Associate Director - Valuations, Qatar, remarked, "The establishment of this new division stands as a testament to both the growth of our valuation portfolio and the trust we've cultivated with clients from the financial sector, corporates, governmental bodies, and other institutions. Our valuations are underpinned by our market-leading real estate research and insights, which are highly regarded across Qatar. Over recent years, there's been a marked uptick in demand for tailored valuations from our Qatari clientele, prompting us to broaden our expertise with dedicated teams across the residential, commercial, and industrial property sectors. Collectively, we're eager to sustain this collaborative trajectory, ensuring prompt and insightful decision-making for our clients."
In parallel, the residential property valuation division will specialise in assessing the value of various types of residential properties, such as apartments, villas, and townhouses. ValuStrat's RICS residential valuers will employ a combination of market analysis based on the ValuStrat Price Index, property inspection, and extensive market research to determine fair and realistic valuations that reflect the current market conditions and trends. With a dedicated residential team, the firm will be able to address the requirements of banking and corporate clients to move towards faster decision-making, along with a shorter RICS Red Book-compliant report that improves efficiency.
Marwen Azri, Manager – Residential Valuations, Qatar, commented, "Each valuation department boasts accredited valuers possessing a profound expertise and comprehensive understanding of the Qatari local market. The new residential valuations division aims to offer a concentrated valuation service with a swift response time while maintaining an advantageous service fee. The valuation is presented in a concise report format that remains easily digestible and fully compliant with RICS standards. Such measures enable us to manage a more substantial number of assignments with optimal resource utilisation, thus expediting the process for our clients' valuation needs. These departmental modifications also herald enhanced operational efficiencies and further advantages for our international clientele."
ValuStrat aims to become the go-to consulting firm for government, financial institutions, property owners, investors, developers, and other stakeholders in Qatar by centralising expertise in commercial, residential and industrial property valuations. Having a footprint in various markets, including the UAE, Saudi Arabia, the UK, Europe, and Africa, ValuStrat reaffirms its position as a leading consulting firm in Qatar, endeavours to amalgamate international expertise with local insights to offer a comprehensive service to its clients.