Can a valuation firm owner own multiple firms?

No, the regulations for the Real Property Valuation Profession state that no firm owner is permitted to own more than one firm in the Emirate. This rule is intended to prevent market monopolies and ensure a diverse and competitive environment for va…

The full explanation

No, the regulations for the Real Property Valuation Profession state that no firm owner is permitted to own more than one firm in the Emirate. This rule is intended to prevent market monopolies and ensure a diverse and competitive environment for valuation services. Additionally, a valuer is prohibited from working for more than one firm at a time. These restrictions help maintain the professional independence and integrity of valuers providing market estimations for banks and investors.

This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.

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