46
Land Valuation Report Prepared for: Al Arabi National Investment Company 1
Land Valuation ReportPrepared for: Al Arabi National Investment Company
1
Valuation Report (Land)
Diyar Jeddah real estate fund
In relation of
Al Arabi National Investment Company
Contents Page
Executive summary 5
Work Plan 6
Work Stages 8
Site Inspection & Analysis 10
Valuation Method 14
Valuation methods used 16
Data Collection & Analysis 17
Estimate Market Value 18
Final Value 20
Attachments 44
2/20/2019 3
Table of Content
In accordance with your instructions, we now take pleasure in enclosing our report and Market Valuation of the developedland in Jeddah, located in Al-Hamdania district east of the highway (Al-Haramain line) Jeddah city.
After examining the surrounding area adjacent to the property, we attach herewith the following report which provides thenecessary data and indicates the reasons for valuating the estimated market value.
The objective of this report is to estimate the fair market value for the subject land based upon the existing condition ofthe property on 17/12/2018 and the purpose of issuing it is to know the final market value of the property and issuing thereport for the internal use of the client.
The estimated property is a total land area of 799,413.64 square meters according to the attached documents.
Considering location of the property, current market conditions, and prevailing market transactional information, we areof the opinion that the market value of the subjected land is SR 530,740,205 (Five Hundred And Thirty Million SevenHundred And Forty Thousand Two Hundred And Five Saudi Riyals Only) as on 17/12/2018
M/S Al Arabi National Investment CompanyDear Sir,
Introduction
2/20/2019 4
President
Al-Waleed Bin Hamad Al-Zouman
License Number 1210000038
ExplanationScope of work - Components
Al Arabi National Investment CompanyClient
Al Arabi National Investment Company onlyUsers of Report
LandProperty Valuation
Al-Hamdania district Jeddah cityProperty Location
320224003402-320224003403Deed No.
04/03/1437Deed Date
434Plot No.
AbsoluteOwnership Type
Salah bin Rashid bin Abdul Rahman Al RashidOwner
JeddahNotary
Residential Tower-CommercialType of Property
Executive summary
5
ExplanationScope of work - Components
Valuators for this valuation are1. Bandar bin Sultan Al-Shnief, who is registered in the Real Estate Branch of the Saudi
Organization for Accredited Valuers, under membership No./ 1210000125 /.2. Al-Waleed Bin Hamad Al-Zouman Membership No./ 1210000038 /3. Ammar Al-Qahtani Membership No./ 1220000529 /4. Aiman Al saeed Member No./ 1220000529 /
1.1. ID of Valuator
Al Arabi National Investment Company1.2. Client
Al Arabi National Investment Company only1.3. Users of Report
Total land area of commercial center is 799,414 square meters1.4. Valuation Topic
The valuation and all accounts are in Saudi Riyals.1.5. Currency of Valuation
sale1.6. Purpose of Valuation
The market value is the estimated amount on which the assets and liabilities should beexchanged at the date of valuation between a willing buyer and a willing seller in a transactionon a neutral basis after appropriate marketing where each party acts with knowledge andwisdom without coercion or force.(Source: International Evaluation Standards 2017)
1.7. Value Based
17th December 20181.8. Valuation Date
Scope of work
6
The scope of work meets the general requirements of the standard of work No.1 Scope of international valuationcriteria as stated on pages 20 to 22 of the copy of the international valuation criteria 2017 issued by the SaudiCommission for accredited Valuation.
ExplanationScope of work - Components
Due to lack of sale for identical properties in the area, focus has stressedupon similar appropriate lands .
1.9. Research Scope
The information contained in the report was issued by official bodies orspecialized research & advisory offices and will be reflected in the report.
1.10. Nature & Source of Information
The report contains an integrated explanation of all valuation worksincluding steps and data, information, and accounts, and otherwise.
1.11. Report type
The report is prepared for the purpose of the client and users of the reportand it may not be used except for the mentioned purpose and should not bedistributed or published or part thereof only after getting an approval.
1.12. Restrictions on the use of Report
The International Valuation Standards (IVS) were followed.1.13. Standards Followed
Our company assumes no responsibility for any information received fromthe client that is supposed to be safe and reliable. Our company does notendorse the accuracy or completeness of the data available and does notexpress its opinion and has not presented any kind of guarantees for theaccuracy or completeness of the data except as clearly indicated in thisreport.
1.14. Assumptions and Reservations
Scope of work
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3. Data collection and Analysis
2. Site Inspection & Analysis1. Scope of work
4. Application of Valuation Methods
Collecting field and office market dataand analyze to get to know theprevious trends and current marketindicators that will be relied uponwhen applying valuation methods.
Property inspection and identify itscharacteristics & specifications,matching documents, and analysisof the property and the surroundingreal estate site uses specifying thegeographical scope of the researchprojects and activities appropriatethereof.
Meeting the client and determine thescope of work which involves thepurpose of valuation and the basis ofvalue, the parties concerned, valuationdate, any special or importantassumptions, includes clarity ofmandate and its expected outputs.
Based on the scope of work andanalysis of the market isdetermined by the appropriatevaluation techniques and put all theassumptions and inputs for thefinancial accounts to get access tothe market value according to theselected methods
8
Work Plan
2/20/2019
6. Report Preparation
5. Estimated Value
Prepare the valuation report in accordance with the scope of work to include data & results and outputs that have been reached through the previous stages of work.
The valuation methods used to reach at the final market value of the property are reconciled at our final estimate.
9
Work Plan
2/20/2019
Location of the property:
The property is located in Hamdania district of Jeddah City.
10
Valuation Topic
Location Coordinates
N 21.741329 E 39.221007
Location of the property in the neighborhood Location of the property in the region
Boundaries & lengths of the land 1 (724,259.58 sqm)
Direction Length -sqm Limits
North 271 52 m Street
South 580 32 m Street
East 1,794 52 m Street + Neighbor
West 1,692 Neighbor
2/20/2019 11
Valuation Topic
Legal Description:
The estimated property is a Residential commercial land having 799,414 sqm as per deed detailed regulation as follows.
For the purposes of this report, we assume there are good and valid and free ownership of any impediments or mortgages, fees orinterests of any third parties, and so forth. If not achieved, it can be influenced by the opinion of the property value. Therefore, werecommend that the legal counsel of the entity verify the ownership data, and we also emphasize that we do not rely on the abovepresumptions of ownership until the legal counsel confirms its accuracy
Boundaries & lengths of the land 2 (75,154.06 sqm)
Direction Length -sqm Limits
North 298 52 m Street
South 267 32 m Street
East 176.14 52 m Street + Neighbor
West 448 Neighbor
2/20/2019 12
Valuation Topic
Building System:
As for the system and the provisions of the construction in the area where the property is allowed to the owner of the plotof land to build a residential or commercial construction by system of Jeddah Municipality as indicated in the followingfigure: -.
13
Valuation Topic
Services And Facilities Available in the Property Zone
Electricity Water Sewage network Phone network
Mosque Public markets Water drainage network Parks
Commercial Center Health Services Government Services Hotel
Banks Restaurants Fuel Station Civil Defense
14
Site Inspection & Analysis
Inspection:By visiting the site it is revealed that it corresponds to the data received from the client as raw land
Site Inspection & Analysis
Site Access Traffic:
The project is located northeast of the city of Jeddah east of Al-Haramain road in Al-Hamdania district. Thefollowing figure shows the relationship between the location of the property and the main attractions of thecity. It also shows how to get to and from the location of the property; its relation with the traffic axes,directions and degrees at the city level, .
Site Features:
• Proximity to completed residential neighborhoods.• Proximity to Al Haramain Highway.• Near Jeddah International Airport.
Site disadvantages:
The difficulty of access to the plot.
This technique provides indicators of value by comparing the original being valuated with assets matching similar or available information onprices. According to this method, the first step is to study the transaction prices of similar or similar assets that have recently occurred in themarket. If the transactions that have been made are few, it is also best to consider the prices of the corresponding or similar assets listed oroffered for sale, provided that such information is clear and objectively analyzed. Information about the prices of such transactions must beadjusted to reflect differences in the terms and conditions of the effective transaction, the basis of the value, and the assumptions adopted in thevaluation process being performed. There can also be differences in the legal, economic and physical characteristics of the assets of othertransactions compared to the assets being valued.Source: International Evaluation Standards 2013 - Third Edition (certified copy) p. 29, paragraphs 56 and 57
Provides an indication of value by converting future cash flows into current and single capital values.This method deals with the income achieved by the original during the productive life (the original life of the asset) and the value isestimated through the capitalization process. Capitalization is intended to convert the income into a capital amount using anappropriate discount rate. Income flows are accounted for under non-contractual contracts or arrangements such as the expectedprofit from the use or retention of the asset and include methods that fall within the income method.Income capitalization by applying risk factor or total capitalization income over a period of one usual 2) the present value of cashflows where the discount rate on a series of cash flows for future periods applied to reach the present value of 3) with a variety ofoptions pricing modelsSource: International Evaluation Standards 2013 - Third Edition (certified copy) p. 29 Paragraphs 58 to 61
This indicators of value using the economic principle that the buyer does not pay for the purchase of an asset more than the cost of obtaining anasset with the same benefit either through purchase or construction and based on this method to the principle that the price paid by the buyerin the market against the original subject of evaluation will not be more than the cost of purchasing or establishing an equivalent asset unlessthere are factors such as inappropriate timing, inconvenience, risk or other factors. The original subject of valuation is often less attractive thanthe alternative that can be bought or constructed because of the age of the asset or its aging. In this case, there will be a need to makeadjustments and adjustments in the cost of the replacement asset based on the value requiredSource: International Evaluation Standards 2013 - Third Edition (certified copy) pp. 28-29, para. 55
Val
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Calculate Market Value
Valuation Methods
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Inco
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Met
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Met
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CostIncomeMarketValuation Methods
Is not commensurate with the purpose of the valuation.
Is not commensurate withthe purpose of the valuation.
According to the nature of theproperty, the market method is bestsuited to estimate the value of theproperty.
Method Used
----ComparisonsValuation Methods
used
----
The nature of the property and thefact that the land is raw with aspecific proposal design for theparcel and the nature of theproposed division by the client.
Reasons for use
2/20/2019 17
Valuation Methods Used
Valuation Methods Used
The Saudi market is not transparent and it is difficult to collect accurate information. Therefore, we were able to collectdata for a sample of the lands that reflect the reality of the market in general. The selected sample includes 4 lands.We will provide their data and performance indicators as an embodiment of the market.
18
Sample of Comparisons
Price per sqmArea - sqmUse No.
1200660Residential Land1
10007200Residential Land2
1600672Residential Tower3
2000630Commercial Land4
1900600Commercial Land5
1400750Commercial Land6
Data Collection & Analysis
The project is located in Al-Hamdaniya district with medium density of middle-income residents. The proximity of Al-Hamdaniya district of middle- and high-income businesses in the northern areas of Jeddah has contributed to theincrease in the demand for real estate in this area, The surrounding area has also positively impacted the level ofprices, as the surrounding areas of the project are witnessing high urban movement, especially in the construction ofresidential villas and residential buildings, all of which will contribute to the future. Increased demand for land in theregion, which positively affects the price level.
Factors affecting demand:
The marketing method used in the sale process.Availability of infrastructural and infrastructure services such as schools, hospitals, parks, etc.Some nearby charts are complete.Urban style and social style in the surrounding area.Building system allowed in adjacent plans.Establishing large and quality projects close to the evaluation scheme.
Property Related Risks:
A general decline in the real estate market in Saudi Arabia.Some changes to the real estate activities laws in the Kingdom of Saudi Arabia (Acquisition Law - Building Permits -Sustainability Certificate - Finance Laws - Real Estate Registration Laws)The occurrence of some variables related to the political, economic, environmental and social factors.Supply and demand conditions.Near the planned outline of the schemes located on the course of the stream.
19
Analysis of variables in the real estate market:
Data Collection & Analysis
Calculations and indicators of the value of residential plots
20
Calculate Market Value
Use Plot No. Area-sqm North South East WestPrice/Sqm-Residential
Final Value
1 Residential 3 1500 20 1068 1,602,000
2 Residential 5 750 20 1068 801,000
3 Residential 7 737 20 1068 787,116
4 Residential 9 737 20 1068 787,116
5 Residential 11 750 20 1068 801,000
6 Residential 13 1374.97 20 1068 1,468,468
7 Residential 16 799.84 20 1068 854,229
8 Residential 18 660 20 1068 704,880
9 Residential 20 660 20 1068 704,880
10 Residential 22 660 20 1068 704,880
11 Residential 24 660 20 1068 704,880
12 Residential 27 517.00 20 20 1123 580,591
13 Residential 28 754.33 20 1068 805,624
14 Residential 29 665.59 20 20 Garden 1123 747,458
15 Residential 30 546 20 Mosque 1068 583,128
16 Residential 31 835.38 20 Garden 1068 892,186
17 Residential 32 1065.98 20 20 1123 1,197,096
18 Residential 33 1189.08 Garden 20 1068 1,269,937
19 Residential 34 1000 Garden 20 1068 1,068,000
20 Residential 35 750 20 Mosque 1068 801,000
Calculations and indicators of the value of residential plots
21
Calculate Market Value
Use Plot No. Area-sqm North South East WestPrice/Sqm-Residential
Final Value
21 Residential 36 737.5 20 20 1123 828,213
22 Residential 37 747.67 20 20 20 1123 839,633
23 Residential 39 760 20 20 20 1068 811,680
24 Residential 41 839.97 20 20 20 1068 897,088
25 Residential 43 942.38 20 20 20 1068 1,006,462
26 Residential 45 1044.79 20 20 20 1068 1,115,836
27 Residential 47 1523.74 20 20 1123 1,711,160
28 Residential 50 844.93 corridor corridor 1068 902,385
29 Residential 52 780 1068 833,040
30 Residential 54 780 1068 833,040
31 Residential 56 780 1068 833,040
32 Residential 58 780 1068 833,040
33 Residential 60 780 1068 833,040
34 Residential 62 878.34 20 25 1145 1,005,699
35 Residential 64 737.5 25 20 25 1145 844,438
36 Residential 66 750 1068 801,000
37 Residential 68 750 1068 801,000
38 Residential 70 750 1068 801,000
39 Residential 72 1500 1068 1,602,000
40 Residential 75 1500 20 corridor 1068 1,602,000
Calculations and indicators of the value of residential plots
22
Calculate Market Value
Use Plot No. Area-sqm North South East WestPrice/Sqm-Residential
Final Value
41 Residential 78 660 20 corridor 1068 704,880
42 Residential 80 660 20 1068 704,880
43 Residential 82 660 20 1068 704,880
44 Residential 84 660 20 1068 704,880
45 Residential 86 660 20 1068 704,880
46 Residential 88 660 20 1068 704,880
47 Residential 90 953.83 20 1068 1,018,690
48 Residential 92 909.22 corridor 25 1088 989,231
49 Residential 93 1058 Garden 20 20 1123 1,188,134
50 Residential 94 1058 20 20 1123 1,188,134
41 Residential 78 660 20 corridor 1068 704,880
42 Residential 80 660 20 1068 704,880
43 Residential 82 660 20 1068 704,880
44 Residential 84 660 20 1068 704,880
45 Residential 86 660 20 1068 704,880
46 Residential 88 660 20 1068 704,880
47 Residential 90 953.83 20 1068 1,018,690
48 Residential 92 909.22 corridor 25 1088 989,231
49 Residential 93 1058 Garden 20 20 1123 1,188,134
50 Residential 94 1058 20 20 1123 1,188,134
Calculations and indicators of the value of residential plots
23
Calculate Market Value
Use Plot No. Area-sqm North South East WestPrice/Sqm-Residential
Final Value
51 Residential 95 1058 20 20 1123 1,188,134
52 Residential 96 1058 20 20 1123 1,188,134
53 Residential 97 1058 20 20 1123 1,188,134
54 Residential 98 1374.57 20 20 20 1179 1,620,618
55 Residential 99 750 corridor 20 1068 801,000
56 Residential 100 750 corridor 20 1068 801,000
57 Residential 101 750 20 1068 801,000
58 Residential 102 750 20 1068 801,000
59 Residential 103 750 20 1068 801,000
60 Residential 104 750 20 1068 801,000
61 Residential 105 750 20 1068 801,000
62 Residential 106 750 20 1068 801,000
63 Residential 107 750 20 1068 801,000
64 Residential 108 750 20 1068 801,000
65 Residential 109 750 20 1068 801,000
66 Residential 110 750 20 1068 801,000
67 Residential 111 750 20 1068 801,000
68 Residential 112 750 20 1068 801,000
69 Residential 113 742.43 20 20 1123 833,749
70 Residential 114 732.57 20 20 1123 822,676
Calculations and indicators of the value of residential plots
24
Calculate Market Value
Use Plot No. Area-sqm North South East WestPrice/Sqm-Residential
Final Value
71 Residential 115 745.07 20 corridor 1068 795,735
72 Residential 116 754.93 20 corridor 1068 806,265
73 Residential 117 750 20 1068 801,000
74 Residential 118 750 20 1068 801,000
75 Residential 119 750 20 1068 801,000
76 Residential 120 750 20 1068 801,000
77 Residential 121 750 20 1068 801,000
78 Residential 122 750 20 1068 801,000
79 Residential 123 750 20 corridor 1068 801,000
80 Residential 124 750 20 corridor 1068 801,000
81 Residential 125 1007.69 corridor 20 25 1145 1,153,805
82 Residential 126 1108.67 20 25 1145 1,269,427
83 Residential 127 1217.46 20 25 1145 1,393,992
84 Residential 128 1326.26 20 25 1145 1,518,568
85 Residential 129 1435.06 20 25 1145 1,643,144
86 Residential 130 750 20 1068 801,000
87 Residential 131 749.49 25 1088 815,445
88 Residential 132 786.3 20 20 1123 883,015
89 Residential 133 786.3 20 25 1145 900,314
90 Residential 134 757.59 20 20 1123 850,774
Calculations and indicators of the value of residential plots
25
Calculate Market Value
Use Plot No. Area-sqm North South East WestPrice/Sqm-Residential
Final Value
91 Residential 135 757.59 20 25 1145 867,441
92 Residential 136 750 20 1068 801,000
93 Residential 137 750 25 1088 816,000
94 Residential 138 750 20 1068 801,000
95 Residential 139 750 20 1068 801,000
96 Residential 140 750 25 1088 816,000
97 Residential 141 750 20 20 1123 842,250
98 Residential 142 764.84 25 20 1145 875,742
99 Residential 143 754.98 20 20 1123 847,843
100 Residential 144 750 25 20 1145 858,750
101 Residential 145 737.5 20 1068 787,650
102 Residential 146 630.33 25 1088 685,799
103 Residential 147 750 20 1068 801,000
104 Residential 149 750 20 1068 801,000
105 Residential 151 750 25 corridor 1088 816,000
106 Residential 153 750 25 corridor 1088 816,000
107 Residential 155 1531.73 20 1068 1,635,888
108 Residential 157 791.11 20 1068 844,905
109 Residential 158 800.97 20 1068 855,436
110 Residential 160 690 20 20 1123 774,870
Calculations and indicators of the value of residential plots
26
Calculate Market Value
Use Plot No. Area-sqm North South East WestPrice/Sqm-Residential
Final Value
111 Residential 167 750 20 1068 801,000
112 Residential 165 690 20 1068 736,920
113 Residential 160 690 20 20 1123 774,870
114 Residential 162 690 25 25 1145 790,050
115 Residential 164 690 20 1068 736,920
116 Residential 166 690 20 1068 736,920
117 Residential 168 750 20 1068 801,000
118 Residential 169 750 20 20 1123 842,250
119 Residential 170 750 20 20 1123 842,250
120 Residential 171 750 20 1068 801,000
121 Residential 172 750 20 1068 801,000
122 Residential 173 742.43 20 1068 792,915
123 Residential 174 732.57 20 1068 782,385
124 Residential 175 1150 20 1068 1,228,200
125 Residential 176 1150 20 1068 1,228,200
126 Residential 177 1150 20 1068 1,228,200
127 Residential 178 1161.81 20 1068 1,240,813
128 Residential 179 745.07 20 1068 795,735
129 Residential 180 754.93 20 1068 806,265
130 Residential 181 750 20 1068 801,000
Calculations and indicators of the value of residential plots
27
Calculate Market Value
Use Plot No. Area-sqm North South East WestPrice/Sqm-Residential
Final Value
131 Residential 182 750 20 1068 801,000
132 Residential 183 750 20 1068 801,000
133 Residential 184 750 20 1068 801,000
134 Residential 185 857.5 20 20 1123 962,973
135 Residential 186 857.5 20 20 1123 962,973
136 Residential 187 857.5 20 20 1123 962,973
137 Residential 188 856.09 20 20 1123 961,389
138 Residential 189 750 20 20 1123 842,250
139 Residential 190 750 20 20 1123 842,250
140 Residential 191 750 20 1068 801,000
141 Residential 192 750 20 1068 801,000
142 Residential 193 750 20 1068 801,000
143 Residential 194 750 20 1068 801,000
144 Residential 195 754.93 20 1068 806,265
145 Residential 196 745.07 corridor 25 1088 810,636
146 Residential 197 750 20 corridor 1068 801,000
147 Residential 198 750 25 corridor 1088 816,000
148 Residential 199 750 20 1068 801,000
149 Residential 200 750 25 1088 816,000
150 Residential 201 750 20 1068 801,000
Calculations and indicators of the value of residential plots
28
Calculate Market Value
Use Plot No. Area-sqm North South East WestPrice/Sqm-Residential
Final Value
151 Residential 202 750 25 1088 816,000
152 Residential 203 1513.38 corridor 25 1088 1,646,557
153 Residential 204 750 25 1088 816,000
154 Residential 205 741.72 25 25 1171 868,554
155 Residential 208 750 25 1088 816,000
156 Residential 209 750 20 1068 801,000
157 Residential 210 750 25 1088 816,000
158 Residential 211 750 20 1068 801,000
159 Residential 212 750 25 1088 816,000
160 Residential 213 750 20 1068 801,000
161 Residential 214 750 25 1088 816,000
162 Residential 215 750 20 1068 801,000
163 Residential 216 750 corridor 25 1088 816,000
164 Residential 217 750 corridor 20 1068 801,000
165 Residential 218 750 25 1088 816,000
166 Residential 219 750 20 1068 801,000
167 Residential 220 750 25 1088 816,000
168 Residential 221 750 20 1068 801,000
169 Residential 222 750 25 1088 816,000
170 Residential 223 750 20 1068 801,000
Calculations and indicators of the value of residential plots
29
Calculate Market Value
Use Plot No. Area-sqm North South East WestPrice/Sqm-Residential
Final Value
171 Residential 224 880.67 20 25 1145 1,008,367
172 Residential 225 993.07 20 20 1123 1,115,218
173 Residential 229 950.26 20 1068 1,014,878
174 Residential 231 878.32 20 1068 938,046
175 Residential 233 806.38 20 1068 861,214
176 Residential 235 946.57 20 1068 1,010,937
177 Residential 237 855.52 corridor 20 1068 913,695
178 Residential 246 1019.18 25 25 1171 1,193,460
179 Residential 248 1000 25 1088 1,088,000
180 Residential 250 1000 25 1088 1,088,000
181 Residential 252 1000 25 1088 1,088,000
182 Residential 254 1000 25 1088 1,088,000
183 Residential 256 1000 25 1088 1,088,000
184 Residential 258 1000 corridor 25 1088 1,088,000
185 Residential 259 1481.26 corridor 25 1088 1,611,611
186 Residential 261 1435.54 25 1088 1,561,868
187 Residential 263 1389.82 25 1088 1,512,124
188 Residential 265 1344.1 25 1088 1,462,381
189 Residential 267 1298.38 25 1088 1,412,637
190 Residential 269 1252.66 25 1088 1,362,894
Calculations and indicators of the value of residential plots
30
Calculate Market Value
Use Plot No. Area-sqm North South East WestPrice/Sqm-Residential
Final Value
191 Residential 271 1248.26 25 25 1171 1,461,712
192 Residential 277 1462.88 20 1068 1,562,356
193 Residential 280 690 20 1068 736,920
194 Residential 282 690 20 1068 736,920
195 Residential 286 798.31 corridor 20 1068 852,595
196 Residential 288 750 20 1068 801,000
197 Residential 290 750 corridor 20 1068 801,000
198 Residential 292 737.5 25 20 1145 844,438
199 Residential 294 750 20 1068 801,000
200 Residential 296 750 20 1068 801,000
201 Residential 298 750 corridor 20 1068 801,000
202 Residential 299 764.31 20 20 1123 858,320
203 Residential 301 876.46 20 1068 936,059
204 Residential 303 891.31 20 1068 951,919
205 Residential 305 906.16 20 1068 967,779
206 Residential 307 914.92 corridor 20 1068 977,135
207 Residential 309 980.33 corridor 20 1068 1,046,992
208 Residential 311 918.93 20 1068 981,417
209 Residential 313 932.7 20 1068 996,124
210 Residential 315 946.46 20 1068 1,010,819
Calculations and indicators of the value of residential plots
31
Calculate Market Value
Use Plot No. Area-sqm North South East WestPrice/Sqm-Residential
Final Value
211 Residential 317 960.23 20 1068 1,025,526
212 Residential 319 974 20 1068 1,040,232
213 Residential 321 949.52 20 1068 1,014,087
214 Residential 323 1308.62 20 20 1123 1,469,580
215 Residential 328 1500 20 1068 1,602,000
216 Residential 331 750 20 1068 801,000
217 Residential 336 1272.22 20 25 1145 1,456,692
218 Residential 338 1080 25 1088 1,175,040
219 Residential 340 1080 25 1088 1,175,040
220 Residential 342 1080 25 1088 1,175,040
221 Residential 344 1075.61 corridor 25 1088 1,170,264
222 Residential 346 1124.39 corridor 25 1088 1,223,336
223 Residential 348 1040 25 1088 1,131,520
224 Residential 350 1040 25 1088 1,131,520
225 Residential 352 1040 25 1088 1,131,520
226 Residential 354 1040 25 1088 1,131,520
227 Residential 356 1040 25 1088 1,131,520
228 Residential 358 1405.56 20 25 1145 1,609,366
229 Residential 360 1251.6 25 1088 1,361,741
230 Residential 363 852.57 25 25 1171 998,359
Calculations and indicators of the value of residential plots
32
Calculate Market Value
Use Plot No. Area-sqm North South East WestPrice/Sqm-Residential
Final Value
231 Residential 364 862.43 20 25 1145 987,482
232 Residential 365 750 25 1088 816,000
233 Residential 366 750 20 1068 801,000
234 Residential 367 750 25 1088 816,000
235 Residential 368 750 20 1068 801,000
236 Residential 369 750 25 1088 816,000
237 Residential 370 750 20 1068 801,000
238 Residential 371 750 25 1088 816,000
239 Residential 372 750 20 1068 801,000
240 Residential 373 750 25 1088 816,000
241 Residential 374 750 20 1068 801,000
242 Residential 375 750 25 1088 816,000
243 Residential 376 750 20 1068 801,000
244 Residential 377 1038.45 25 20 1145 1,189,025
245 Residential 378 916.01 20 20 1123 1,028,679
246 Residential 379 1099.07 20 25 1145 1,258,435
247 Residential 380 1689.11 20 1068 1,803,969
248 Residential 381 1120 25 1088 1,218,560
249 Residential 382 1120 25 1088 1,218,560
250 Residential 383 1680 20 1068 1,794,240
Calculations and indicators of the value of residential plots
33
Calculate Market Value
Use Plot No. Area-sqm North South East WestPrice/Sqm-Residential
Final Value
251 Residential 384 1084.95 20 corridor 1068 1,158,727
252 Residential 385 1094.82 25 corridor 1088 1,191,164
253 Residential 386 1120 25 1088 1,218,560
254 Residential 387 1120 20 1068 1,196,160
255 Residential 388 1128.77 corridor 25 1088 1,228,102
256 Residential 389 1111.23 corridor 20 1068 1,186,794
257 Residential 390 991.23 corridor 25 1088 1,078,458
258 Residential 391 1008.77 corridor 20 1068 1,077,366
259 Residential 392 1000 25 1088 1,088,000
260 Residential 393 1000 20 1068 1,068,000
261 Residential 394 1000 25 1088 1,088,000
262 Residential 395 1000 20 1068 1,068,000
263 Residential 396 1000 corridor 25 1088 1,088,000
264 Residential 397 1000 corridor 20 1068 1,068,000
265 Residential 398 1037.51 20 1068 1,108,061
266 Residential 399 1354.93 20 1068 1,447,065
267 Residential 400 750 20 20 1123 842,250
268 Residential 401 1002.89 20 20 1123 1,126,245
269 Residential 402 1347.83 20 1068 1,439,482
270 Residential 403 1037.18 corridor 20 1068 1,107,708
Calculations and indicators of the value of residential plots
34
Calculate Market Value
Use Plot No. Area-sqm North South East WestPrice/Sqm-Residential
Final Value
271 Residential 404 1131.55 corridor 20 1068 1,208,495
272 Residential 405 1253.07 20 20 1123 1,407,198
273 Residential 406 1067.02 20 20 1123 1,198,263
274 Residential 407 810.83 20 20 1123 910,562
275 Residential 409 750 20 1068 801,000
276 Residential 411 750 20 1068 801,000
277 Residential 413 750 20 1068 801,000
278 Residential 415 750 20 1068 801,000
279 Residential 417 750 20 1068 801,000
280 Residential 419 777.71 20 corridor 1068 830,594
281 Residential 420 735.7 25 20 1145 842,377
282 Residential 422 720 20 1068 768,960
283 Residential 424 720 20 1068 768,960
284 Residential 426 720 20 1068 768,960
285 Residential 428 720 20 1068 768,960
286 Residential 430 720 20 1068 768,960
287 Residential 432 720 20 1068 768,960
288 Residential 434 707.5 25 20 1145 810,088
289 Residential 436 737.5 25 20 1145 844,438
290 Residential 438 750 20 1068 801,000
Calculations and indicators of the value of residential plots
35
Calculate Market Value
Use Plot No. Area-sqm North South East WestPrice/Sqm-Residential
Final Value
291 Residential 440 750 20 1068 801,000
292 Residential 442 750 20 1068 801,000
293 Residential 444 750 20 1068 801,000
294 Residential 446 750 20 1068 801,000
295 Residential 448 1116.86 20 1068 1,192,806
296 Residential A453 1715.3 25 1088 1,866,246
297 Residential A454 1593.68 25 1088 1,733,924
298 Residential A455 1737.07 25 1088 1,889,932
299 Residential A456 1880.46 25 1088 2,045,940
300 Residential A457 2023.86 25 1088 2,201,960
301 Residential A458 2167.25 25 1088 2,357,968
Calculations and indicators of the value of residential plots
36
Calculate Market Value
Use Plot No. Area-sqm North South East WestPrice/Sqm-Residential
Final Value
1 commercial 1 694.46 32 corridor 1,480.00 1,027,801
2 commercial 2 700.84 32 1,480.00 1,037,243
3 commercial 4 707.21 32 1,480.00 1,046,671
4 commercial 6 706.91 32 25 1,540.00 1,088,641
5 commercial 8 718.55 32 25 1,540.00 1,106,567
6 commercial 10 732.7 32 1,480.00 1,084,396
7 commercial 12 739.08 32 1,480.00 1,093,838
8 commercial 14 985.4 32 1,480.00 1,458,392
9 commercial 15 1253.21 52 1,640.00 2,055,264
10 commercial 17 660 52 1,640.00 1,082,400
11 commercial 19 660 52 1,640.00 1,082,400
12 commercial 21 660 52 1,640.00 1,082,400
13 commercial 26 737 52 20 1,650.00 1,216,050
14 commercial 23 660 52 1,640.00 1,082,400
15 commercial 25 731.04 52 52 1,700.00 1,242,768
16 commercial 38 738.08 52 20 1,650.00 1,217,832
17 commercial 40 852.99 52 corridor 1,640.00 1,398,904
18 commercial 42 900 52 1,640.00 1,476,000
19 commercial 44 900 52 1,640.00 1,476,000
20 commercial 46 900 52 1,640.00 1,476,000
Calculations and indicators of the value of residential plots
37
Calculate Market Value
Use Plot No. Area-sqm North South East WestPrice/Sqm-Residential
Final Value
21 commercial 48 1426.36 52 20 1,650.00 2,353,494
22 commercial 49 1000 corridor 52 1,640.00 1,640,000
23 commercial 51 936 52 1,640.00 1,535,040
24 commercial 53 936 52 1,640.00 1,535,040
25 commercial 55 936 52 1,640.00 1,535,040
26 commercial 57 936 52 1,640.00 1,535,040
27 commercial 59 936 52 1,640.00 1,535,040
28 commercial 61 1056.51 52 1,640.00 1,732,676
29 commercial 63 887.5 25 52 1,650.00 1,464,375
30 commercial 65 900 52 1,640.00 1,476,000
31 commercial 67 900 52 1,640.00 1,476,000
32 commercial 69 900 52 1,640.00 1,476,000
33 commercial 71 900 52 1,640.00 1,476,000
34 commercial 73 900 52 1,640.00 1,476,000
35 commercial 74 900 52 1,640.00 1,476,000
36 commercial 76 900 corridor 52 1,640.00 1,476,000
37 commercial 77 792 52 corridor 1,640.00 1,298,880
38 commercial 79 792 52 1,640.00 1,298,880
39 commercial 81 792 52 1,640.00 1,298,880
40 commercial 83 792 52 1,640.00 1,298,880
Calculations and indicators of the value of residential plots
38
Calculate Market Value
Use Plot No. Area-sqm North South East WestPrice/Sqm-Residential
Final Value
41 commercial 85 792 52 1,640.00 1,298,880
42 commercial 87 792 52 1,640.00 1,298,880
43 commercial 89 792 52 1,640.00 1,298,880
44 commercial 91 1224.83 52 25 1,650.00 2,020,970
45 commercial 144 887.5 25 52 1,650.00 1,464,375
46 commercial 146 900 52 1,640.00 1,476,000
47 commercial 150 900 52 1,640.00 1,476,000
48 commercial 152 900 52 1,640.00 1,476,000
49 commercial 154 900 52 1,640.00 1,476,000
50 commercial 156 938.6 52 1,640.00 1,539,304
51 commercial 206 908.54 32 25 1,540.00 1,399,152
52 commercial 207 1202.42 32 20 1,540.00 1,851,727
53 commercial 226 1511.42 32 20 1,540.00 2,327,587
54 commercial 227 1018.82 32 32 1,540.00 1,568,983
55 commercial 228 840 32 1,480.00 1,243,200
56 commercial 230 840 32 1,480.00 1,243,200
57 commercial 232 840 32 1,480.00 1,243,200
58 commercial 234 840 32 1,480.00 1,243,200
59 commercial 236 819.61 32 1,480.00 1,213,023
60 commercial 238 819.61 corridor 32 1,480.00 1,213,023
Calculations and indicators of the value of residential plots
39
Calculate Market Value
Use Plot No. Area-sqm North South East WestPrice/Sqm-Residential
Final Value
61 commercial 239 1451.14 corridor 32 1,480.00 2,147,687
62 commercial 240 1373.08 32 1,480.00 2,032,158
63 commercial 241 1295.02 32 1,480.00 1,916,630
64 commercial 242 1216.96 32 1,480.00 1,801,101
65 commercial 243 1138.9 32 1,480.00 1,685,572
66 commercial 244 1060.84 corridor 32 1,480.00 1,570,043
67 commercial 245 1001.63 25 52 1,650.00 1,652,690
68 commercial 247 1000 52 1,640.00 1,640,000
69 commercial 249 1000 52 1,640.00 1,640,000
70 commercial 251 1000 52 1,640.00 1,640,000
71 commercial 253 1000 52 1,640.00 1,640,000
72 commercial 255 1000 52 1,640.00 1,640,000
73 commercial 257 1000 corridor 52 1,640.00 1,640,000
74 commercial 260 1477.09 corridor 32 1,480.00 2,186,093
75 commercial 262 1431.76 32 1,480.00 2,119,005
76 commercial 264 1386.43 32 1,480.00 2,051,916
77 commercial 266 1341.1 32 1,480.00 1,984,828
78 commercial 268 1295.77 32 1,480.00 1,917,740
79 commercial 270 1250.44 32 1,480.00 1,850,651
80 commercial 272 1225.48 corridor 32 1,480.00 1,813,710
Calculations and indicators of the value of residential plots
40
Calculate Market Value
Use Plot No. Area-sqm North South East WestPrice/Sqm-Residential
Final Value
81 commercial 273 666.59 52 32 1,650.00 1,099,874
82 commercial 274 719.33 32 1,480.00 1,064,608
83 commercial 275 734.5 corridor 32 1,480.00 1,087,060
84 commercial 276 869.1 52 1,640.00 1,425,324
85 commercial 278 831.62 52 1,640.00 1,363,857
86 commercial 279 787 52 1,640.00 1,290,680
87 commercial 281 780.99 52 1,640.00 1,280,824
88 commercial 283 838.83 52 52 1,700.00 1,426,011
89 commercial 284 737.55 20 52 1,650.00 1,216,958
90 commercial 285 920.75 corridor 32 1,480.00 1,362,710
91 commercial 287 900 32 1,480.00 1,332,000
92 commercial 289 900 corridor 32 1,480.00 1,332,000
93 commercial 291 887.5 25 32 1,540.00 1,366,750
94 commercial 293 900 32 1,480.00 1,332,000
95 commercial 295 900 32 1,480.00 1,332,000
96 commercial 297 900 32 1,480.00 1,332,000
97 commercial 300 876.43 20 52 1,650.00 1,446,110
98 commercial 302 972 52 1,640.00 1,594,080
99 commercial 304 972 52 1,640.00 1,594,080
100 commercial 306 972 52 1,640.00 1,594,080
Calculations and indicators of the value of residential plots
41
Calculate Market Value
Use Plot No. Area-sqm North South East WestPrice/Sqm-Residential
Final Value
101 commercial 308 991.44 corridor 52 1,640.00 1,625,962
102 commercial 310 988.53 corridor 52 1,640.00 1,621,189
103 commercial 311 936 52 1,640.00 1,535,040
104 commercial 314 936 52 1,640.00 1,535,040
105 commercial 316 936 52 1,640.00 1,535,040
106 commercial 318 936 52 1,640.00 1,535,040
107 commercial 320 936 52 1,640.00 1,535,040
108 commercial 322 900 52 1,640.00 1,476,000
109 commercial 324 1028.47 20 52 1,650.00 1,696,976
110 commercial 325 1463.89 corridor 32 1,480.00 2,166,557
111 commercial 326 846.52 32 32 1,540.00 1,303,641
112 commercial 327 750 32 1,480.00 1,110,000
113 commercial 329 750 32 1,480.00 1,110,000
114 commercial 330 750 32 1,480.00 1,110,000
115 commercial 332 750 32 1,480.00 1,110,000
116 commercial 333 1181.86 20 52 1,650.00 1,950,069
117 commercial 334 1054.03 52 1,640.00 1,728,609
118 commercial 335 1254.68 20 52 1,650.00 2,070,222
119 commercial 337 1080 52 1,640.00 1,771,200
120 commercial 339 1080 52 1,640.00 1,771,200
Calculations and indicators of the value of residential plots
42
Calculate Market Value
Use Plot No. Area-sqm North South East WestPrice/Sqm-Residential
Final Value
121 commercial 341 1080 52 1,640.00 1,771,200
122 commercial 343 1093.16 corridor 52 1,640.00 1,792,782
123 commercial 345 1106.84 corridor 52 1,640.00 1,815,218
124 commercial 347 1040 52 1,640.00 1,705,600
125 commercial 349 1040 52 1,640.00 1,705,600
126 commercial 351 1040 52 1,640.00 1,705,600
127 commercial 353 1040 52 1,640.00 1,705,600
128 commercial 355 1040 52 1,640.00 1,705,600
129 commercial 357 1632.81 20 52 1,650.00 2,694,137
130 commercial 359 1147.74 20 52 1,650.00 1,893,771
131 commercial 361 1275.56 32 52 1,650.00 2,104,674
132 commercial 362 1123.77 32 25 1,540.00 1,730,606
133 commercial 408 938.66 32 25 1,540.00 1,445,536
134 commercial 410 750 32 1,480.00 1,110,000
135 commercial 412 750 32 1,480.00 1,110,000
136 commercial 414 750 32 1,480.00 1,110,000
137 commercial 416 750 32 1,480.00 1,110,000
138 commercial 418 1283.14 32 corridor 1,480.00 1,899,047
139 commercial 421 858.14 25 32 1,540.00 1,321,536
140 commercial 423 720 32 1,480.00 1,065,600
Calculations and indicators of the value of residential plots
43
Calculate Market Value
Use Plot No. Area-sqm North South East WestPrice/Sqm-Residential
Final Value
141 commercial 425 720 32 1,480.00 1,065,600
142 commercial 427 720 32 1,480.00 1,065,600
143 commercial 429 720 32 1,480.00 1,065,600
144 commercial 431 720 32 1,480.00 1,065,600
145 commercial 433 720 32 1,480.00 1,065,600
146 commercial 435 707.5 25 32 1,540.00 1,089,550
147 commercial 437 737.5 25 32 1,540.00 1,135,750
148 commercial 439 750 32 1,480.00 1,110,000
149 commercial 441 750 32 1,480.00 1,110,000
150 commercial 443 750 32 1,480.00 1,110,000
151 commercial 445 750 32 1,480.00 1,110,000
152 commercial 447 750 32 1,480.00 1,110,000
153 commercial 449 872.29 corridor 32 1,480.00 1,290,989
Gas Station A450 4307.77 52 52 625.00 2,692,356
Commercial A451 4750.77 25 800.00 3,800,616
Commercial A452 3108.8 32 32 800.00 2,487,040
President
Al-Waleed Bin Hamad Al-Zouman
License Number 1210000038
2/20/2019 44
Final Value of Property
Area of Residential Plot 271,781.1 sqm Value of Residential PlotSR 295,527,329
Area of Commercial Plot 155,678.89 sqm Value of Commercial Plot
Total Area - sqm 427,459.99 Total Value of Commercial & Residential SR 530,740,205
Value in Numbers Total market value of residential and commercial plots
SR 530,740,205Five Hundred Thirty Million Seven Hundred and Forty
Thousand Two Hundred and Five Saudi Riyals
Total Ratio of land area 100% Total area / m2 799,414
Total Ratio of usable area( commercial and residential plots )
53.47% Total area / m2 427,459.99
SR 235,212,876
45
Final Value of Property
SignatureLicense NumberAcademicName
111Al-Waleed Bin Hamad Al-Zouman-منهج 121000038
105Ammar Al Qahtani-منهج 1210000121
105Aiman-منهج 1210001160 Al Saeed
46
