Lakum Real Estate Company announced the launch of its professional real estate appraisal services, integrating advanced technological solutions with innovation and technology to ensure transparency and client satisfaction. The company has begun offering this service specifically to official financial and economic institutions and companies in the Kingdom, alongside its existing real estate consultancy services, feasibility studies, and expert reports. Individuals can submit appraisal requests through the website: lakum.bh/valuation
The company stated that it has achieved the highest appraisal category in the Kingdom of Bahrain, licensed locally by the Real Estate Regulatory Authority (RERA) and accredited by the Royal Institution of Chartered Surveyors (RICS) in the UK, following the appointment of Mr. Ali Al-Habshi as department manager. Mr. Al-Habshi is a leading appraiser holding a Category A license and is an expert in real estate dispute resolution, mediation, and arbitration. He also holds several legal certifications from the Legislation and Legal Opinion Authority (LLOC) and the Judicial and Legal Studies Institute (JLSI), including a certificate of judicial experience. His years of experience in the real estate sector enable him to provide appraisal services, strategic consulting, and feasibility studies in accordance with the International Valuation Council (IVSC) standards. He has advised numerous financial institutions, investment funds, and private sector investors, and regularly participates in market research studies within the sector.
The company’s management confirmed that it is continuing to develop the capabilities of its real estate appraisal team by ensuring their participation in specialized training programs, noting that it is in the process of employing more of these promising and specialized Bahraini cadres.
Mr. Ali Al-Habshi said: Bahrain has adopted the International Valuation Standards IVSC, represented by the Bahrain Valuation Standards (BVS), as requirements and controls that must be adhered to and observed. He added that at “Lakom Real Estate” we adopt these principles and standards when providing the service, and that the Kingdom is a beautiful example to be followed in regulation through the issuance and updating of laws and regulations related to real estate valuation through these fruitful efforts managed by the Real Estate Regulatory Authority.
He also praised the contents of the national electronic system for the real estate information bank “Aqari”, describing it as a qualitative leap that provides those interested with the most accurate information needed from its official and reliable sources.
Al-Habashi stated that there are different valuation paths that have not yet been officially launched, and they are of a special nature despite their unity in the foundations with real estate valuation, such as the valuation of machinery and equipment, the valuation of companies, shares and financial instruments, the valuation of properties, cars, for example, and others. He stressed that many entities need accurate valuation reports for economic establishments and assets, such as courts, heirs, governmental and official bodies, insurance and auditing bodies, arbitration bodies, and others. He pointed out that the economic development in the Kingdom pushes us to arrange and organize valuation processes for such paths, and this requires an understanding of the nature and need of the market to reach real and accurate results.
Lakom Real Estate is a leading real estate company in the Kingdom of Bahrain, established in 2019 as a comprehensive real estate services provider. Leveraging the expertise of its parent company, Global iTS, in specialized technology solutions, Lakom offers a full range of services, including buying, selling, and leasing residential and commercial properties, land planning, and real estate development and investment. The company is committed to providing exceptional service, in-depth market knowledge, and a seamless experience throughout its clients’ real estate journey. Lakom Real Estate integrates advanced technological solutions into the real estate sector, making it a trusted provider of modern and reliable services in Bahrain. Lakom takes pride in its projects, which add value to the community and its clients with every development.