Dubai, March 21, 2017

ValuStrat, a leading consulting firm headquartered in Dubai has been certified and admitted in the exclusive Tech Affiliate Program of the Royal Institution of Chartered Surveyors (RICS). It is the first and the only firm in Asia as well as the entire MENA region to achieve this distinction.

ValuStrat is an RICS Regulated Firm, originally established in 1977. It is in the business of providing Valuation, Advisory, Research, Due Diligence and Divestment services across a diverse range of industry sectors. Being part of the RICS-Tech Affiliate Program will provide the company an opportunity to enhance its professional profile while helping to increase awareness of the impact technology has on the industry.

Mr Declan King (MRICS), Managing Director & Group Head – Real Estate, ValuStrat, observed, “This is indeed an honour and a privilege for ValuStrat. Technology is at the centre of much that we do at ValuStrat. Our firm has spent years building proprietary software solutions that help us deliver innovative services faster, allowing our clients to react quicker and enjoy distinct competitive advantages.”  

REAL ESTATE VALUATION TECHNOLOGY

ValuStrat’s cutting-edge iPad-based real estate valuation software platform is known as ‘Speedy’; the project which was led by the firm’s Chief Operating Officer Saad Umerani. With the help of this PropTech platform, the company is able to deliver RICS Red Book compliant mortgage valuation reports on single residential properties within 7 hours of inspection survey. Speedy also features a sophisticated user portal – giving clients the ability to order and receive reports via their secure log-in, check status in real time and view a library of past reports. It also has an additional range of user friendly features, allowing clients to search by map and export to Excel. 

CAR VALUATION, MANDOOB & FIELD VERFICATION TECHNOLOGY

ValuStrat’s Automobile Valuation and Field Verification software, allows it to meet customer demands by delivering reports within a 3-hour turnaround time from the time of survey.

Umerani added, “From when we first started valuations, 37 years ago, we have not seen any major change in the valuation process, which is very time consuming. To really add value to our clients, we had to think about how we can reengineer the process to reduce time, improve report quality and adhere to the RICS Red Book standards all at the same time. Today, we are proud to say that we have achieved this through the deployment of Speedy. We can now enable Bank clients to move to loan offer on Cars and Real Estate products within the same day.”

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About ValuStrat
ValuStrat is a leading consulting firm headquartered in Dubai providing Advisory, Valuations, Research, Due Diligence and Divestment services across a diverse range of industry sectors since 1977. Offices in UAE, Saudi Arabia and Qatar serve over 750 corporate clients in the Middle East. Client base includes financial institutions, local corporates, multinationals, governments, SMEs, family businesses and start-ups. Some of the key sectors serviced by ValuStrat’s consulting team include real estate, hospitality, healthcare, education, manufacturing, retail, entertainment, transport and FMCG.

© Press Release 2017