Diploma in Property Valuation

Overview

The Real Estate sector is one of the vital sectors in Palestine especially because of its role in the economy in raising the individuals’ income and being a main part of the national income, in addition to its role in providing the needed buildings for housing and for economic activities. The official statistics show that the high demand of the apartments has reached to 25 thousand housing unit annually. Also the housing units that need to be rebuilt in Gaza after the last war of 2021 was estimated to reach 140 thousand housing unit. Despite the growing that is happening in the real estate sector in Palestine, the gap between demand and supply is still great, and according to statistics published from Palestinian Central Bureau of Statistics there is a clear increasing on real estate with a rate of 10% annually. This in turn increased the real estate prices not only in the main cities, but also in the lands and areas far away from the overpopulation areas.

During COVID pandemic, the real estate sector was affected clearly and the prices was changing during the last year, and this caused trust issues between buyers and sellers because of the many closings that happened and the not so clear economic situation in the world and in Palestine in specific. Thus many owners refused the direct installment and preferred selling through the banks, in addition to the credit facilitates that many banks gave to the different categories of the society during the pandemic.

From this came the need for a diploma in Property Valuation in Arab American University in order to meet and fulfill the needs of the real estate market and provide the market with efficient and experienced people in selling, buying, managing and pricing the lands and properties. This program also aims to provide the labor market with experienced and skilled graduates who are able to manage the real estates and organize them and put basics and standards for buying and selling. When the commercial movement, the economic activities and the overpopulation increase, then the demand for shops, apartment buildings and lands will increase as well, and so this program is a main factor in raising investment awareness in the real estate sector in Palestine.

Goals

• This program aims to provide the real estate market with efficient and qualified people who are able to give prices and appraisals in buildings lands in Palestine, and have skills in organizing and managing the selling and buying contracts in the local market.
• To graduate staff who are capable to contribute in putting laws to control the real estate prices and studying the reasons behind the changes in prices that are caused by the change in the number of workers, the higher prices in lands and the places where the real estate is located.
• To provide the local market, the consulting, construction and brokerage firms with experienced and efficient people who have good knowledge in planning and managing the lands and establishments from the beginning of the project until the end.
• To provide experienced staff who are capable to estimate the start-up and operating costs of housing projects.