The Evolving Definition of Value in Middle Eastern Real Estate
Property valuation metrics in the region are undergoing a quiet transformation. While location remains paramount, new factors like energy efficiency certifications (impacting 15-22% of buyer decisions) and walkability scores are gaining importance. Interestingly, developments with integrated smart home technology command 7-12% premiums in Dubai, though actual utilization rates remain unclear. This shift reflects changing resident priorities but complicates traditional appraisal methods, particularly for older properties lacking these features. The trend appears most pronounced in expat-dominated markets, with more conservative adoption in traditional local communities. For detailed analysis of how these evolving value drivers affect pricing across different submarkets, Middle East provides comprehensive neighborhood-level reports.