prepared for evaluation r… · century 21 saudi arabia the world at your service. prepared for:...

More than 7,600

Office around the

world

In 71 countriesMore than 112,000

Consultant and real estate

expert

Century 21 Saudi Arabia

The World at Your Service

Prepared for:

Valuation report ( Land ) Jeddah Real Estate Fund

Arab National Investment Company

Introduction

4

In accordance with your instructions, we now take pleasure in enclosing our report and Market Valuation of the landlocated in Al-Hamdania district, and east of the highway (Al-Haramain) in Jeddah city.

After examining the surrounding area adjacent to the property, we attach herewith the following report which provides thenecessary data and the conclusion for arriving at the estimated market value.

The subject of this report comprises a land with a total area of 799,413.64 square meters according to the attacheddocuments.

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 554,321,039 (Five Hundred Fifty Four Million ThreeHundred And Twenty One Thousand And Thirty Nine Saudi Riyals Only) as at 31/12/2019

M/S Al Arabi National Investment CompanyDear Sir,

General Manager

Al Waleed bin Hamd Al Zouman

121000038

Contents

Executive summary

Work Plan

Work Stages

Site Inspection & Analysis

Valuation Method

Valuation methods used

Data Collection & Analysis

Estimate Market Value

Final Value

Attachments

Table of Content

5

Executive summary

6

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.

1437/03/04Deed Date

Sole ProprietorshipOwnership Type

Salah bin Rashid bin Abdul Rahman Al RashidOwner

JeddahNotary

Residential ) Building ( – CommercialType of Property

Scope of work

7

ExplanationScope of work - Components

4. Muhammad AlWaadiMembershipNo./1220000529 /

3. Nadir Saleh AlKhalifaMembership No./1220000100 /

2. Abdul Malk bin SaadAl Turki MembershipNo./ 1210001497 /

1. Al-Waleed Bin HamadAl-ZoumanMembership No./1210000038/

ID of Valuator

Al Arabi National Investment CompanyClient

Al Arabi National Investment Company onlyUsers of Report

Total land 799,414 square meters (rounded)Valuation Topic

The valuation and all currency are in Saudi Riyals.Currency of Valuation

Updating the Financial Statements of Diyar Jeddah Fund (General Real Estate Fund)Purpose of Valuation

Market Value is the The estimated amount for which an asset or liability should exchange on thevaluation date between a willing buyer and a willing seller in an arm’s length transaction, afterproper marketing and where the parties have each acted knowledgeably, prudently and withoutcompulsion.(Source: International valuation Standards 2017)

Value Based

28/06/2019Valuation Date

31/12/2019Valuation Report

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.

Scope of work

8

Scope of work - Components Explanation

Research ScopeDue to lack of sale for identical properties in the area, focus has stressed uponsimilar appropriate lands .

Nature & Source of Information

In preparing this report, we relied on the information provided to us by theclient and assumed that it was correct and we relied on it to get the results ofthis report. We also relied on a package information and data from Century 21and from the previous evaluation work, the ongoing field survey and thecompany's research and research department.

Report typeThe report contains an integrated explanation of all valuation works includingsteps and data, information, and accounts, and otherwise.

Restrictions on the use of Report

The report is prepared for the purpose of the client and users of the report andit may not be used except for the mentioned purpose and should not bedistributed or published or part thereof only after getting an approval fromCentury21

Standards Followed The International Valuation Standards (IVS) were followed.

Assumptions and Reservations

Our company assumes no responsibility for any information received from theclient that is supposed to be safe and reliable. Our company does not endorsethe accuracy or completeness of the data available and does not express itsopinion and has not presented any kind of guarantees for the accuracy orcompleteness of the data except as clearly indicated in this report.

Valuation and calculation of plots was carried out on the basis of the masterplan provided by Arab National Investment Company

Work Plan

9

1

3

5

2

4

6

Scope of work

Collecting field and office market data and analyze to get toknow the previous trends and current market indicatorsthat will be relied upon when applying valuation methods.


Property inspection and identify its characteristics &specifications, matching documents, and analysis of theproperty and the surrounding real estate site usesspecifying the geographical scope of the research projectsand activities appropriate thereof.

Data collection and Analysis

Meeting the client and determine the scope of work whichinvolves the purpose of valuation and the basis of value,the parties concerned, valuation date, any special orimportant assumptions, includes clarity of mandate and itsexpected outputs.

Estimated Value

The valuation methods used to reach at the final market value of the property are reconciled at our final estimate.

Application of Valuation Methods

Based on the scope of work and analysis of the market isdetermined by the appropriate valuation techniques and putall the assumptions and inputs for the financial accounts toget access to the market value according to the selectedmethods

Report Preparation

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.


Location Coordinates

N 21.741329 E 39.221007

10

Location of the property:

The property is located in Hamdania district of Jeddah City.


11

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 axis,directions and degrees at the city level, .

Site Features:

• Proximity to developed residential neighborhoods.• Proximity to Al Haramain Highway.• Near Jeddah International Airport.

Site disadvantages:

The difficulty of access to the plot.

12

Boundaries & lengths of the land 1

North length 52 m Street 267m + 4.14m

South length 32 m Street 580m

East length 52 m Street + Neighbor 1036m + 220m + 538m

West length Neighbor 197m + 56m + 220m + 70m

+1149m

Boundaries & lengths of the land 2

North length 32 m Street 298m

South length 52 m Street 267m

East length 52 m Street 18m + 144m + 14.14m

West length Neighbor 198m+80m+170m

Legal Description:The subject property comprises a land extending to approximately 799,413.64 sqm as per the Titel Deed regulation asfollows.


13

Legal Description:

The subject property comprises a land extending to approximately 799,413.64 sqm.

For the purposes of this report, we assume there are good and valid and free ownership of any impediments or mortgages,fees or interests of any third parties, and so forth. If not achieved, it can be influenced by the opinion of the property value.Therefore, we recommend that the legal counsel of the entity verify the ownership data, and we also emphasize that we donot rely on the above presumptions of ownership until the legal counsel confirms its accuracy

Total land 1 area (724,259.58 sqm) Total land 2 area (75,154.06 sqm)

And as the region where infrastructure services are available from electricity, telephone, water network (where the current development rate of 100% of the total land area)


14

Building System:In terms of the planning permission from the Jeddah Municipality the owner of the plot is allowed to build a residential orcommercial development as indicated in the diagram below:


15


Services And Facilities Available in the Property Zone

ElectricityWaterSewage networkPhone network

-

MosquePublic marketsWater drainage networkParks

-

Commercial CenterHealth ServicesGovernment ServicesHotel

BanksRestaurantsFuel StationCivil Defense

16

Analysis of variables

Analysis of variables in the real estate market:

The project is located within Al - Hamdania district which is characterized by medium density developments and middle-incomeresidents. The proximity of Al - Hamdania district to the middle and high-income businesses in the northern areas of Jeddah hascontributed to the increase in the demand for real estate in this area.

The surrounding area has also positively impacted the level of prices, as the surrounding areas of the project are witnessing highurban movement, particularly in the construction of residential villas and residential apartments, all of which will contribute tothe future.

Increased demand for land in the region, which has positively affected the price level.

Factors Affecting Demand in the Region:

• The marketing method used in the sale process.• Availability of infrastructure services and infrastructure services such as schools, hospitals, parks and others.• Jeddah province expanded in the northern regions.• Some nearby developments are complete.• Urban style and social style in the surrounding area.• Building system allowed in neighboring plans.• Establishing large and quality projects close to the subject property.

17


Real estate risks:

• A general decrease in the real estate market in Saudi Arabia.• Some changes to the real estate activities laws in the Kingdom of Saudi Arabia (the law of ownership - building licenses -

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.

18


Inspection:Site inspection revealed the following :

Calculate Market Value

This technique provides indicators of value by comparing the original being valuated with assets matching similar or available informationon prices. According to this method, the first step is to study the transaction prices of similar or similar assets that have recently occurredin the market. If the transactions that have been made are few, it is also best to consider the prices of the corresponding or similar assetslisted or offered for sale, provided that such information is clear and objectively analyzed. Information about the prices of suchtransactions must be adjusted to reflect differences in the terms and conditions of the effective transaction, the basis of the value, andthe assumptions adopted in the valuation process being performed. There can also be differences in the legal, economic and physicalcharacteristics of the assets of other transactions compared to the assets being valued.Source: International Evaluation Standards 2013 - Third Edition (certified copy) p. 29, paragraphs 56 and 57

Co

mp

arab

le A

pp

roac

h

Inco

me

Me

tho

d

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 an appropriatediscount rate. Income flows are accounted for under non-contractual contracts or arrangements such as the expected profit from the useor 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 cash flowswhere the discount rate on a series of cash flows for future periods applied to reach the present value of 3) with a variety of optionspricing modelsSource: International Evaluation Standards 2013 - Third Edition (certified copy) p. 29 Paragraphs 58 to 61

Co

st M

eth

od 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 an asset with the same benefit either through purchase or construction and based on this method to the principle that theprice paid by the buyer in the market against the original subject of evaluation will not be more than the cost of purchasing orestablishing an equivalent asset unless there are factors such as inappropriate timing, inconvenience, risk or other factors. The originalsubject of valuation is often less attractive than the alternative that can be bought or constructed because of the age of the asset or itsaging. In this case, there will be a need to make adjustments and adjustments in the cost of the replacement asset based on the valuerequiredSource: International Evaluation Standards 2013 - Third Edition (certified copy) pp. 28-29, para. 55

Valuation Methods Used

CostIncomeMarketValuation Methods

Is not commensurate with the purpose of the

valuation.

Is not commensurate with the purpose of the

valuation.

According to the nature of the property,the market method is best suited toestimate the value of the property.

Method Used

----ComparisonsValuation Methods used

----The nature of the property and the factthat the land is a developed land

Reasons for use

Method of comparisons :

21

Calculate market value

Comparative sales method (-) Residential plots in Al-Hamdania plan

Comparative Components Property to be valuated Sample 1 Sample 2 Sample 3 Sample 4

Valuation Date 2019 2019 2019 2019 2019

Land Price /sqm 1,424.00 1,345.00 1,435.00 1,500.00

Market Status (Comparison Date) 0% 0% 0 0% 0 0% 0 0% 0

Land Price /sqm 1,424.00 1,345.00 1,435.00 1,450.00

Land AREA - 807 0% 734 0% 800 0% 713 0%

Easy access Easy access Easy access 0% Easy 0% Easy 0% Easy 0%

Surrounding streets

Street 20 20-20 -10% 20-20 -10% 20-20 -10% 20 0%

Street 20-20 20-20 0% 20-20 0% 20-20 0% 20 0%

Street 20-25 20-20 3% 20-20 3% 20-20 3% 20 0%

Street 25 20-20 2% 20-20 2% 20-20 2% 20 0%

Street 25-25 20-20 3% 20-20 3% 20-20 3% 20 0%

Proximity to the Proximate Away -10% Away -10% Away -10% Away -5%

Use Residential Residential 0% Residential 0% Residential 0% Residential 0%

Net Valuation -20% -20% -20% -5%

Net Market Price SR / sqm Street Width 20 1,139.20 1,076.00 1,148.00 1,377.50

Net market average price SR/sqm 1,185Net Valuation -10% -10% -10% -5%

Net Market Price SR / sqm Street Width 20-20 1,281.60 1,210.50 1,291.50 1,377.50







Net market average price SR/sqm 1,322

Method of comparisons :

22


Comparative sales method (-) Commercial plots in Al-Hamdania plan

Comparative Components Property to be valuated Sample 1 Sample 2 Sample 3 Sample 4

Valuation Date 2019 2019 2019 2019 2019

Land Price /sqm 1,730.00 1,800.00 1,690.00 1,620.00

Market Status (Comparison Date) 0% 0% 0.00 0% 0 0% 0 0% 0

Land Price /sqm 1,730 1,800 1,690 1,617

Land AREA - 600 0% 750 0% 750 0% 740 0%

Easy access Easy access Easy access 0% Easy 0% Easy 0% Easy 0%

Surrounding streets

Street 32 52 -15% 32 0% 20-20 -10% 20 0%

Street 25-32 52 -15% 32 0% 20-20 0% 20 0%

Street 52 52 0% 32 0% 20-20 3% 20 0%

Street 20-52 52 3% 32 0% 20-20 2% 20 0%

Street 52-52 52 5% 32 0% 20-20 3% 20 0%

Proximity to the Proximate Away -10% Away 0% Away -10% Away -10%

Use Residential Residential 0% Residential 0% Residential 0% Residential 0%

Net Valuation -25% -10% -20% -10%




Net market average price SR/sqm 1,478Net Valuation -10 % -5% -7% -10%




Net market average price SR/sqm 1,582Net Valuation -5% 0% -7% -10%


Net market average price SR/sqm 1,618

23


Calculations and indicators of the value of Residential Plots

Use Plot No. Area-sqm North South East West Price/Sqm-Residential Final Value

1 Residential 3 1500 20 1,185 1,777,500

2 Residential 5 750 20 1,185 888,750

3 Residential 7 737 20 1,185 873,345

4 Residential 9 737 20 1,185 873,345

5 Residential 11 750 20 1,185 888,750

6 Residential 13 1374.97 20 1,185 1,629,339

7 Residential 16 799.84 20 1,185 947,810

8 Residential 18 660 20 1,185 782,100

9 Residential 20 660 20 1,185 782,100

10 Residential 22 660 20 1,185 782,100

11 Residential 24 660 20 1,185 782,100

12 Residential 27 517.00 20 20 1,290 666,930

13 Residential 28 754.33 20 1,185 893,881

14 Residential 29 665.59 20 20 Garden 1,290 858,611

15 Residential 30 546 20 Mosque 1,185 647,010

16 Residential 31 835.38 20 Garden 1,185 989,925

17 Residential 32 1065.98 20 20 1,290 1,375,114

18 Residential 33 1189.08 Garden 20 1,185 1,409,060

19 Residential 34 1000 Garden 20 1,185 1,185,000

20 Residential 35 750 20 Mosque 1,185 888,750

24




21 Residential 36 737.5 20 20 1290 951,375

22 Residential 37 747.67 20 20 20 1290 964,494

23 Residential 39 760 20 20 20 1185 900,600

24 Residential 41 839.97 20 20 20 1185 995,364

25 Residential 43 942.38 20 20 20 1185 1,116,720

26 Residential 45 1044.79 20 20 20 1185 1,238,076

27 Residential 47 1523.74 20 20 1290 1,965,625

28 Residential 50 844.93 corridor corridor 1185 1,001,242

29 Residential 52 780 1185 924,300

30 Residential 54 780 1185 924,300

31 Residential 56 780 1185 924,300

32 Residential 58 780 1185 924,300

33 Residential 60 780 1185 924,300

34 Residential 62 878.34 20 25 1320 1,159,409

35 Residential 64 737.5 25 20 25 1320 973,500

36 Residential 66 750 1185 888,750

37 Residential 68 750 1185 888,750

38 Residential 70 750 1185 888,750

39 Residential 72 1500 1185 1,777,500

40 Residential 75 1500 20 corridor 1185 1,777,500

25




41 Residential 78 660 20 corridor 1185 782,100

42 Residential 80 660 20 1185 782,100

43 Residential 82 660 20 1185 782,100

44 Residential 84 660 20 1185 782,100

45 Residential 86 660 20 1185 782,100

46 Residential 88 660 20 1185 782,100

47 Residential 90 953.83 20 1185 1,130,289

48 Residential 92 909.22 corridor 25 1185 1,077,426

49 Residential 93 1058 Garden 20 20 1290 1,364,820

50 Residential 94 1058 20 20 1290 1,364,820

51 Residential 95 1058 20 corridor 1290 1,364,820

52 Residential 96 1058 20 1290 1,364,820

53 Residential 97 1058 20 1290 1,364,820

54 Residential 98 1374.57 20 1322 1,817,182

55 Residential 99 750 20 1185 888,750

56 Residential 100 750 20 1185 888,750

57 Residential 101 750 20 1185 888,750

58 Residential 102 750 corridor 25 1185 888,750

59 Residential 103 750 Garden 20 20 1185 888,750

60 Residential 104 750 20 20 1185 888,750

26




61 Residential 105 750 20 20 1185 888,750

62 Residential 106 750 1185 888,750

63 Residential 107 750 20 20 1185 888,750

64 Residential 108 750 1185 888,750

65 Residential 109 750 20 20 1185 888,750

66 Residential 110 750 1185 888,750

67 Residential 111 750 20 20 1185 888,750

68 Residential 112 750 1185 888,750

69 Residential 113 742.43 20 20 20 1290 957,735

70 Residential 114 732.57 20 1290 945,015

71 Residential 115 745.07 20 corridor 1185 882,908


73 Residential 117 750 20 1185 888,750

74 Residential 118 750 20 1185 888,750

75 Residential 119 750 20 1185 888,750

76 Residential 120 750 20 1185 888,750

77 Residential 121 750 20 1185 888,750



80 Residential 124 750 20 20 1185 888,750

27




81 Residential 125 1007.69 Corridor 20 25 1322 1,332,166

82 Residential 126 1108.67 20 25 1322 1,465,662

83 Residential 127 1217.46 20 25 1322 1,609,482

84 Residential 128 1326.26 20 25 1322 1,753,316

85 Residential 129 1435.06 20 25 1322 1,897,149

86 Residential 130 750 20 1185 888,750

87 Residential 131 749.49 25 1185 888,146

88 Residential 132 786.3 20 20 1290 1,014,327

89 Residential 133 786.3 20 25 1322 1,039,489

90 Residential 134 757.59 20 20 1290 977,291

91 Residential 135 757.59 20 25 1322 1,001,534

92 Residential 136 750 20 1185 888,750

93 Residential 137 750 25 1185 888,750

94 Residential 138 750 20 1185 888,750

95 Residential 139 750 20 1185 888,750

96 Residential 140 750 25 1185 888,750

97 Residential 141 750 20 20 1322 991,500

98 Residential 142 764.84 25 20 1322 1,011,118

99 Residential 143 754.98 20 20 1322 998,084

100 Residential 144 750 25 20 1322 991,500

28




101 Residential 145 737.5 20 1185 873,938

102 Residential 146 630.33 25 1185 746,941

103 Residential 147 750 20 1185 888,750

104 Residential 149 750 20 1185 888,750



107 Residential 155 1531.73 20 1185 1,815,100

108 Residential 157 791.11 20 1185 937,465

109 Residential 158 800.97 20 1185 949,149

110 Residential 160 690 20 20 1322 912,180

111 Residential 167 750 20 1185 888,750

112 Residential 165 690 20 1185 817,650

113 Residential 160 690 20 20 1322 912,180

114 Residential 162 690 25 25 1322 912,180

115 Residential 164 690 20 1185 817,650

116 Residential 166 690 20 1185 817,650

117 Residential 168 750 20 1185 888,750

118 Residential 169 750 20 20 1322 991,500

119 Residential 170 750 20 20 1322 991,500

120 Residential 171 750 20 1185 888,750

29




121 Residential 172 750 20 1185 888,750

122 Residential 173 742.43 20 1185 879,780

123 Residential 174 732.57 20 1185 868,095

124 Residential 175 1150 20 1185 1,362,750

125 Residential 176 1150 20 1185 1,362,750

126 Residential 177 1150 20 1185 1,362,750

127 Residential 178 1161.81 20 1185 1,376,745

128 Residential 179 745.07 20 1185 882,908

129 Residential 180 754.93 20 1185 894,592

130 Residential 181 750 20 1185 888,750

131 Residential 182 750 20 1185 888,750

132 Residential 183 750 20 1185 888,750

133 Residential 184 750 20 1185 888,750

134 Residential 185 857.5 20 20 1322 1,133,615

135 Residential 186 857.5 20 20 1322 1,133,615

136 Residential 187 857.5 20 20 1185 1,016,138

137 Residential 188 856.09 20 20 1185 1,014,467

138 Residential 189 750 20 20 1185 888,750

139 Residential 190 750 20 20 1322 991,500

140 Residential 191 750 20 1185 888,750

30




141 Residential 192 750 20 1185 888,750

142 Residential 193 750 20 1185 888,750

143 Residential 194 750 20 1185 888,750

144 Residential 195 754.93 20 1185 894,592

145 Residential 196 745.07 corridor 25 1185 882,908



148 Residential 199 750 20 1185 888,750

149 Residential 200 750 25 1185 888,750

150 Residential 201 750 20 1185 888,750

151 Residential 202 750 25 1185 888,750


153 Residential 204 750 25 1185 888,750

154 Residential 205 741.72 25 25 1322 980,554

155 Residential 208 750 25 1185 888,750

156 Residential 209 750 20 1185 888,750

157 Residential 210 750 25 1185 888,750

158 Residential 211 750 20 1185 888,750

159 Residential 212 750 25 1185 888,750

160 Residential 213 750 20 1185 888,750

31




161 Residential 214 750 25 1185 888,750

162 Residential 215 750 20 1185 888,750



165 Residential 218 750 25 1185 888,750

166 Residential 219 750 20 1185 888,750

167 Residential 220 750 25 1185 888,750

168 Residential 221 750 20 1185 888,750

169 Residential 222 750 25 1185 888,750

170 Residential 223 750 20 1185 888,750

171 Residential 224 880.67 20 25 1322 1,164,246

172 Residential 225 993.07 20 20 1290 1,281,060

173 Residential 229 950.26 20 1185 1,126,058

174 Residential 231 878.32 20 1185 1,040,809

175 Residential 233 806.38 20 1185 955,560

176 Residential 235 946.57 20 1185 1,121,685


178 Residential 246 1019.18 25 25 1322 1,347,356

179 Residential 248 1000 25 1185 1,185,000

180 Residential 250 1000 25 1185 1,185,000

32




181 Residential 252 1000 25 1185 1,185,000

182 Residential 254 1000 25 1185 1,185,000

183 Residential 256 1000 25 1185 1,185,000

184 Residential 258 1000 corridor 25 1185 1,185,000


186 Residential 261 1435.54 25 1185 1,701,115

187 Residential 263 1389.82 25 1185 1,646,937

188 Residential 265 1344.1 25 1185 1,592,759

189 Residential 267 1298.38 25 1185 1,538,580

190 Residential 269 1252.66 25 1185 1,484,402

191 Residential 271 1248.26 25 25 1322 1,650,200

192 Residential 277 1462.88 20 1185 1,733,513

193 Residential 280 690 20 1185 817,650

194 Residential 282 690 20 1185 817,650

195 Residential 286 798.31 corridor 20 1185 945,997

196 Residential 288 750 20 1185 888,750


198 Residential 292 737.5 25 20 1322 974,975

199 Residential 294 750 20 1185 888,750

200 Residential 296 750 20 1185 888,750

33





202 Residential 299 764.31 20 20 1290 985,960

203 Residential 301 876.46 20 1185 1,038,605

204 Residential 303 891.31 20 1185 1,056,202

205 Residential 305 906.16 20 1185 1,073,800



208 Residential 311 918.93 20 1185 1,088,932

209 Residential 313 932.7 20 1185 1,105,250

210 Residential 315 946.46 20 1185 1,121,555

211 Residential 317 960.23 20 1185 1,137,873

212 Residential 319 974 20 1185 1,154,190

213 Residential 321 949.52 20 1185 1,125,181

214 Residential 323 1308.62 20 20 1290 1,688,120

215 Residential 328 1500 20 1185 1,777,500

216 Residential 331 750 20 1185 888,750

217 Residential 336 1272.22 20 25 1322 1,681,875

218 Residential 338 1080 25 1185 1,279,800

219 Residential 340 1080 25 1185 1,279,800

220 Residential 342 1080 25 1185 1,279,800

34






223 Residential 348 1040 25 1185 1,232,400

224 Residential 350 1040 25 1185 1,232,400

225 Residential 352 1040 25 1185 1,232,400

226 Residential 354 1040 25 1185 1,232,400

227 Residential 356 1040 25 1185 1,232,400

228 Residential 358 1405.56 20 25 1322 1,858,150

229 Residential 360 1251.6 25 1185 1,483,146

230 Residential 363 852.57 25 25 1322 1,127,098

231 Residential 364 862.43 20 25 1322 1,140,132

232 Residential 365 750 25 1185 888,750

233 Residential 366 750 20 1185 888,750

234 Residential 367 750 25 1185 888,750

235 Residential 368 750 20 1185 888,750

236 Residential 369 750 25 1185 888,750

237 Residential 370 750 20 1185 888,750

238 Residential 371 750 25 1185 888,750

239 Residential 372 750 20 1185 888,750

240 Residential 373 750 25 1185 888,750

35




241 Residential 374 750 20 1185 888,750

242 Residential 375 750 25 1185 888,750

243 Residential 376 750 20 1185 888,750

244 Residential 377 1038.45 25 20 1322 1,372,831

245 Residential 378 916.01 20 20 1290 1,181,653

246 Residential 379 1099.07 20 25 1322 1,452,971

247 Residential 380 1689.11 20 1185 2,001,595

248 Residential 381 1120 25 1185 1,327,200

249 Residential 382 1120 25 1185 1,327,200

250 Residential 383 1680 20 1185 1,990,800

251 Residential 384 1084.95 20 corridor 1185 1,285,666

252 Residential 385 1094.82 25 corridor 1185 1,297,362

253 Residential 386 1120 25 1185 1,327,200

254 Residential 387 1120 20 1185 1,327,200





259 Residential 392 1000 25 1185 1,185,000

260 Residential 393 1000 20 1185 1,185,000

36




261 Residential 394 1000 25 1185 1,185,000

262 Residential 395 1000 20 1185 1,185,000



265 Residential 398 1037.51 20 1185 1,229,449

266 Residential 399 1354.93 20 1185 1,605,592

267 Residential 400 750 20 20 1290 967,500

268 Residential 401 1002.89 20 20 1290 1,293,728

269 Residential 402 1347.83 20 1185 1,597,179



272 Residential 405 1253.07 20 20 1290 1,616,460

273 Residential 406 1067.02 20 20 1290 1,376,456

274 Residential 407 810.83 20 20 1290 1,045,971

275 Residential 409 750 20 1185 888,750

276 Residential 411 750 20 1185 888,750

277 Residential 413 750 20 1185 888,750

278 Residential 415 750 20 1185 888,750

279 Residential 417 750 20 1185 888,750


37




281 Residential 420 735.7 25 20 1322 972,595

282 Residential 422 720 20 1185 853,200

283 Residential 424 720 20 1185 853,200

284 Residential 426 720 20 1185 853,200

285 Residential 428 720 20 1185 853,200

286 Residential 430 720 20 1185 853,200

287 Residential 432 720 20 1185 853,200

288 Residential 434 707.5 25 20 1322 935,315

289 Residential 436 737.5 25 20 1322 974,975

290 Residential 438 750 20 1185 888,750

291 Residential 440 750 20 1185 888,750

292 Residential 442 750 20 1185 888,750

293 Residential 444 750 20 1185 888,750

294 Residential 446 750 20 1185 888,750

295 Residential 448 1116.86 20 1185 1,323,479

296 Residential A453 1715.3 25 1185 2,032,631

297 Residential A454 1593.68 25 1185 1,888,511

298 Residential A455 1737.07 25 1185 2,058,428

299 Residential A456 1880.46 25 1185 2,228,345

300 Residential A457 2023.86 25 1185 2,398,274

38




301 Residential A458 2167.25 25 1185 2,568,191

Total Residential Area 271,781.10 20 Total Price 328,936,847

39


Calculations and indicators of the value of Commercial PlotsUse Plot No. Area-sqm North South East West Price/Sqm-Residential Final Value

1 commercial 1 694.46 32 corridor 1,419 985,439

2 commercial 2 700.84 32 1,419 994,492

3 commercial 4 707.21 32 1,419 1,003,531

4 commercial 6 706.91 32 25 1,478 1,044,813

5 commercial 8 718.55 32 25 1,478 1,062,017

6 commercial 10 732.7 32 1,419 1,039,701

7 commercial 12 739.08 32 1,419 1,048,755

8 commercial 14 985.4 32 1,419 1,398,283

9 commercial 15 1253.21 52 1,574 1,972,553

10 commercial 17 660 52 1,574 1,038,840

11 commercial 19 660 52 1,574 1,038,840

12 commercial 21 660 52 1,574 1,038,840

12 Residential 26 737 52 1,582 1,165,934

13 commercial 23 660 52 20 1,574 1,038,840

14 commercial 25 731.04 52 1,618 1,182,823

15 commercial 38 738.08 52 52 1,582 1,167,643

16 commercial 40 852.99 52 20 1,574 1,342,606

17 commercial 42 900 52 corridor 1,574 1,416,600

18 commercial 44 900 52 1,574 1,416,600

19 commercial 46 900 52 1,574 1,416,600

20 commercial 48 1426.36 52 1,582 2,256,502

40


Calculations and indicators of the value of Commercial Plots


21 commercial 48 1426.36 52 20 1,574 1,574,000

22 commercial 49 1000 corridor 52 1,574 1,473,264

23 commercial 51 936 52 1,574 1,473,264

24 commercial 53 936 52 1,574 1,473,264

25 commercial 55 936 52 1,574 1,473,264

26 commercial 57 936 52 1,574 1,473,264

27 commercial 59 936 52 1,574 1,662,947

28 commercial 61 1056.51 52 1,582 1,404,025

29 commercial 63 887.5 25 52 1,574 1,416,600

30 commercial 65 900 52 1,574 1,416,600

31 commercial 67 900 52 1,574 1,416,600

32 commercial 69 900 52 1,574 1,416,600

33 commercial 71 900 52 1,574 1,416,600

34 commercial 73 900 52 1,574 1,416,600

35 commercial 74 900 52 1,574 1,416,600


37 commercial 77 792 52 corridor 1,574 1,246,608

38 commercial 79 792 52 1,574 1,246,608

39 commercial 81 792 52 1,574 1,246,608

40 commercial 83 792 52 1,574 1,246,608

41




41 commercial 87 792 52 1,574 1,246,608

42 commercial 89 792 52 1,574 1,246,608

43 commercial 91 1224.83 52 1,574 1,927,882

44 commercial 144 887.5 52 25 1,582 1,404,025

45 commercial 146 900 25 52 1,574 1,416,600

46 commercial 150 900 52 1,574 1,416,600

47 commercial 152 900 52 1,574 1,416,600

48 commercial 154 900 52 1,574 1,416,600

49 commercial 156 938.6 52 1,574 1,477,356

50 commercial 206 908.54 52 1,478 1,342,822

51 commercial 207 1202.42 32 25 1,478 1,777,177

52 commercial 226 1511.42 32 20 1,478 2,233,879

53 commercial 227 1018.82 32 20 1,478 1,505,816

54 commercial 228 840 32 32 1,419 1,191,960

55 commercial 230 840 32 1,419 1,191,960

56 commercial 232 840 32 1,419 1,191,960

57 commercial 234 840 32 1,419 1,191,960

58 commercial 236 819.61 32 1,419 1,163,027

59 commercial 238 819.61 32 1,419 1,163,027

60 commercial 239 1451.14 corridor 32 1,419 2,059,168

42





62 commercial 241 1295.02 32 1,419 1,837,633

63 commercial 242 1216.96 32 1,419 1,726,866

64 commercial 243 1138.9 32 1,419 1,616,099

65 commercial 244 1060.84 32 1,419 1,505,332


67 commercial 247 1000 25 52 1,574 1,574,000

68 commercial 249 1000 52 1,574 1,574,000

69 commercial 251 1000 52 1,574 1,574,000

70 commercial 253 1000 52 1,574 1,574,000

71 commercial 255 1000 52 1,574 1,574,000

72 commercial 257 1000 52 1,574 1,574,000



75 commercial 264 1386.43 32 1,419 1,967,344

76 commercial 266 1341.1 32 1,419 1,903,021

77 commercial 268 1295.77 32 1,419 1,838,698

78 commercial 270 1250.44 32 1,419 1,774,374

79 commercial 272 1225.48 32 1,419 1,738,956


43




81 commercial 274 719.33 52 32 1,419 1,020,729

82 commercial 275 734.5 32 1,419 1,042,256


84 commercial 278 831.62 52 1,574 1,308,970

85 commercial 279 787 52 1,574 1,238,738

86 commercial 281 780.99 52 1,574 1,229,278

87 commercial 283 838.83 52 1,574 1,320,318

88 commercial 284 737.55 52 52 1,582 1,166,804

89 commercial 285 920.75 20 52 1,419 1,306,544


91 commercial 289 900 32 1,419 1,277,100


93 commercial 293 900 25 32 1,419 1,277,100

94 commercial 295 900 32 1,419 1,277,100

95 commercial 297 900 32 1,419 1,277,100

96 commercial 300 876.43 32 1,478 1,295,364

97 commercial 302 972 20 52 1,574 1,529,928

98 commercial 304 972 52 1,574 1,529,928

99 commercial 306 972 52 1,574 1,529,928

100 commercial 308 991.44 52 1,574 1,560,527

44






103 commercial 314 936 52 1,574 1,473,264

104 commercial 316 936 52 1,574 1,473,264

105 commercial 318 936 52 1,574 1,473,264

106 commercial 320 936 52 1,574 1,473,264

107 commercial 322 900 52 1,574 1,416,600

108 commercial 324 1028.47 52 1,582 1,627,040

109 commercial 325 1463.89 20 52 1,419 2,077,260


111 commercial 327 750 32 32 1,419 1,064,250

112 commercial 329 750 32 1,419 1,064,250

113 commercial 330 750 32 1,419 1,064,250

114 commercial 332 750 32 1,419 1,064,250

115 commercial 333 1181.86 32 1,582 1,869,703

116 commercial 334 1054.03 20 52 1,574 1,659,043

117 commercial 335 1254.68 52 1,582 1,984,904

118 commercial 337 1080 20 52 1,574 1,699,920

119 commercial 339 1080 52 1,574 1,699,920

120 commercial 341 1080 52 1,574 1,699,920

45




121 commercial 343 1093.16 52 1,574 1,720,634



124 commercial 349 1040 52 1,574 1,636,960

125 commercial 351 1040 52 1,574 1,636,960

126 commercial 353 1040 52 1,574 1,636,960

127 commercial 355 1040 52 1,574 1,636,960

128 commercial 357 1632.81 52 1,582 2,583,105

129 commercial 359 1147.74 20 52 1,582 1,815,725

130 commercial 361 1275.56 20 52 1,574 2,007,731

131 commercial 362 1123.77 32 52 1,478 1,660,932

132 commercial 408 938.66 32 25 1,478 1,387,339

133 commercial 410 750 32 25 1,419 1,064,250

134 commercial 412 750 32 1,419 1,064,250

135 commercial 414 750 32 1,419 1,064,250

136 commercial 416 750 32 1,419 1,064,250

137 commercial 418 1283.14 32 1,419 1,820,776

138 commercial 421 858.14 32 corridor 1,478 1,268,331

139 commercial 423 720 25 32 1,419 1,021,680

140 commercial 425 720 32 1,419 1,021,680

46




141 commercial 427 720 32 1,419 1,021,680

142 commercial 429 720 32 1,419 1,021,680

143 commercial 431 720 32 1,419 1,021,680

144 commercial 433 720 32 1,419 1,021,680

145 commercial 435 707.5 32 1,478 1,045,685

146 commercial 437 737.5 25 32 1,478 1,090,025

147 commercial 439 750 25 32 1,419 1,064,250

148 commercial 441 750 32 1,419 1,064,250

149 commercial 443 750 32 1,419 1,064,250

150 commercial 445 750 32 1,419 1,064,250

151 commercial 447 750 32 1,419 1,064,250

152 commercial 449 872.29 32 1,419 1,237,780

153 commercial A450 4307.77 corridor 32 594 2,557,738

154 Gas Station A451 4750.77 52 52 760 3,610,585

155 Commercial A452 3108.8 25 760 2,362,688

Total Commercial Area 155678.89 Total Price 230,514,771

47

Final Value of Property

Based on the market approach to value, the final value of the property is as follows:

Total market value of residential and commercial plotsValue in Numbers

(Five Hundred Fifty Four Million Three Hundred Twenty One Thousand And Thirty Nine Saudi Riyals Only)

554,321,039SR

SR 225,384,192Value of Commercial Plot155,678.89 sqmArea of Commercial Plot

SR 328,936,847Value of Residential Plot271781.1 sqmArea of Residential Plot

SR 554,321,039Total Value of Commercial & Residential427,459.99 sqm Total Area - sqm

General Manager

Al Waleed bin Hamd Al Zouman

121000038

48

Staff

SignatureLicense NumberAcademic LevelName

121000038111Al-Waleed Bin Hamad Al-Zouman

1210001497104Abdul Malik bin Saad Al Turki

1220000100106Nader Saleh Al Khalifa

49

Deeds

Attachment

prepared for evaluation r… · century 21 saudi arabia the world at your service. prepared for:...

Documents