Al Salam Specialist Hospital in Riffa

This entailed a rigorous review of financial accounts spanning three years, supplemented by precise cash flow figures, to achieve a full and verified assessment.

A new village development with all connected facilities in Durrat Al Bahrain

Shopping mall complex with leisure activities in Dilmunia Island

Mixed commercial and residential development – Al Hamala area

In terms of excess land for future development, we have used residual method to determine the residue value of the land on dedicated development potential as at the time of tentative development and differed back to present value to reflect the time value of money.

The ARC Five Star Hotel – Amwaj Islands

The client is a financial institution has given the drawings, and financial statement of year 2017, 2018,2019,2021, and 2022 where reliability on them were doubt for year 2021 and 2022 since COVID -19 hit adversely in Baharain during those years. So, we used to value the subject property with the use of DCF based on the apportionment of income as well as expenditure based on the average of year 2017 to 2019 despite the occupancy level at the start took place where it was stood at end of year 2022 as 50% and assume will be sustained at 65% at the end of year 2026. However, we manage to developed a shadow cash flow using competitive set of passing hotel room rates including the subject to get idea on Average Daily Room rate(ADR), Revenue Per Average Room (RevPar), average occupancy and their increase etc. However, we could manage to report evidence-based Market Value of the subject instead of advisory threat from the client.

The In and out filling station in the Hidd area

We investigated the property’s unique dynamics by leveraging our exclusive in-house data and conducted a full on-site market survey. We thoroughly examined vehicle traffic patterns during peak and off-peak hours to determine typical turn-in rates and the proportionate consumption of various gasoline kinds, taking into account their profit margins. We began a comprehensive evaluation process by drawing insights from our substantial in-house database of similar developments.

Our strategy included using the Discounted Cash Flow (DCF) methodology for retail spaces, the Profit Method for the fuel business (augmented by DCF analysis), and the Traditional Investment Method for the remaining commercial units, all of which were carefully evaluated. This extensive technique demonstrated our dedication to provide a detailed and comprehensive valuation, converting difficult challenging data into a clear and insightful Market Value assessment.

Ramee Grand Hotel & Spa Project

The Discounted Cash Flow (DCF) valuation approach was used, which required the accurate allocation of revenue and expenditure. Due to uncertainties surrounding occupancy levels, projections were cautiously based on the average performance from 2017 to 2019. Despite a 40% occupancy rate at the beginning of 2022, a gradual recovery was expected, with a goal of reaching a sustainable 60% rate by the end of 2026.

This meticulous approach addressed the challenges faced by unique conditions, resulting in a comprehensive valuation that balances past facts and future possibilities for the top financial institution.

United Tower – A mixed commercial tower

This distinctive project encompassed a remarkable 49-story twisting skyscraper with four basement levels, elegantly positioned across a 4,587 square meter expanse in Bahrain’s bustling Central Business District (CBD). The tower’s outstanding stature holds a total Gross External Area (GEA) of 115,300 square meters, of which 58,780 square meters are designed as Net Internal Ara (NIA) under the IPMS 3A classification. This dynamic establishment serves several functions, accommodating a wide range of commercial activities such as restaurants, retail shops, conference spaces, office units, 13 floors dedicated to hotel rooms, and elegant ballrooms.

The valuation was done specifically for mortgage purposes, requiring a thorough approach. The Profit Method was used to effectively assess the hotel segment, leveraging average daily rents, RevPAR and the All Risk Yield (ARY) determined from comparable sets of similar hotels as well as their linked services such as restaurants, meeting spaces, and ballrooms. The Traditional Investment Method was used with caution value retail and office properties, taking into account both monthly rental rates and ARY in the context of comparison. The perfect synthesis of these diverse components resulted in a full evaluation, producing the Present Market Value of this exceptional property.

Bahrain Marina Development Project

The project’s extensive scope includes a variety of facilities, including 18,500 square meters dedicated to retail spaces, a five-star hotel with 180 rooms and 21 water villas, a luxury sea-view residential tower with 274 units, a beach resort with 98 suites and rooms, 12 sea-view villas, and a marina with space for 233 boats of various sizes and 42 jet skis. The idea also considered possible earnings from food and beverages, as well as a spa and health club.
We used Discounted Cash Flow approach to value the project because of its phased nature and inherent dynamics. This decision was influenced by the realization that due to the many phases; full occupation potential may not be reached immediately. Despite these challenges, our committed efforts resulted in the timely submission of a detailed assessment and report, resulting in complete client satisfaction.