Manama, Bahrain – Lakum Real Estate has officially launched its professional real estate valuation services, integrating cutting-edge technological solutions with innovation to ensure transparency and client satisfaction. The service is currently being offered primarily to financial institutions, regulatory bodies, and corporate clients within the Kingdom, complementing the company’s existing portfolio of real estate advisory, feasibility studies, and expert reporting services. Individuals may also request valuation services through the company’s website: lakum.bh/valuation.
The company has obtained a top-tier valuation license Category “A” issued by Bahrain’s Real Estate Regulatory Authority (RERA) and accredited by the Royal Institution of Chartered Surveyors (RICS) in the United Kingdom. This advancement follows the appointment of Mr. Ali Al-Habshi as Head of the Valuation Department. Al-Habshi is a recognized leader in the field, holding a Category “A” license, with extensive expertise in real estate dispute resolution, mediation, and arbitration. He holds several legal qualifications from Bahrain’s Legislation and Legal Opinion Commission (LLOC) and the Judicial and Legal Studies Institute (JLSI), including a certificate in judicial expertise.
With years of experience in the real estate sector, Mr. Al-Habshi brings strategic advisory capabilities, valuation expertise, and the ability to conduct feasibility studies aligned with the International Valuation Standards Council (IVSC). He has provided consultancy for a range of financial institutions, investment funds, and private investors, and regularly contributes to market research within the sector.
Lakum Real Estate’s management emphasized its ongoing commitment to developing the capabilities of its valuation team by enrolling them in specialized training programs. The company also announced plans to expand its team by recruiting skilled and promising Bahraini professionals.
In a statement, Mr. Al-Habshi noted that Bahrain has adopted the IVSC standards, locally represented by the Bahrain Valuation Standards (BVS), which define the compliance framework for valuation practices. “At Lakum Real Estate, we are fully committed to these international principles, which form the foundation of our valuation services,” he stated. He also praised Bahrain’s regulatory environment, describing it as a model of excellence in real estate governance, particularly through the legislative and regulatory efforts led by RERA.
He further commended the national real estate data platform “Aqari”, describing it as a transformative initiative that provides accurate and reliable property information from official sources.
Al-Habshi also highlighted several valuation streams that have yet to be formally launched in Bahrain, such as the valuation of machinery and equipment, businesses, financial instruments, personal property, and vehicles. While these share fundamental valuation principles with real estate, they require tailored approaches. He stressed the importance of accurate valuation reports for courts, heirs, governmental bodies, insurers, auditors, and arbitration panels, pointing out that Bahrain’s ongoing economic development necessitates the structured evolution of these alternative valuation paths based on clear market needs.
Founded in 2019, Lakum Real Estate is one of Bahrain’s leading integrated real estate service providers. Leveraging the technological expertise of its parent company Global iTS, the firm offers a comprehensive suite of services, including residential and commercial sales and leasing, land planning, real estate development, and investment services. Lakum is committed to delivering exceptional service, deep market insight, and a seamless customer experience. The company continues to innovate by integrating advanced technology into its operations, establishing itself as a trusted provider of modern and reliable real estate solutions in Bahrain. Through its projects, Lakum aims to add lasting value to the community and its clients.