Esnad

What Esnad does

Esnad Real Estate Valuation & Advisory is a privately held Saudi Arabian professional services firm founded in 2014 that provides real estate valuation and strategic advisory to institutional and government clients. Operating from offices in Riyadh (headquarters, since 2018) and Jeddah, with 101-250 employees, the firm serves government agencies, commercial banks and financing institutions, real estate developers, institutional investors and asset managers (including companies affiliated with the Public Investment Fund), and corporate and individual property owners. Its core offer centers on two integrated service lines: Valuation Services for residential, commercial, hospitality, industrial, and mixed-use assets, and Advisory & Research Services spanning feasibility studies, market analysis, highest-and-best-use assessments, and portfolio analysis.

The firm's technical foundation consists of three approved valuation methodologies — market comparison, cost approach, and income/capitalization — executed in accordance with International Valuation Standards (IVSC) and the Saudi Authority of Accredited Valuers (TAQEEM) licensing framework. Advisory work is supported by a proprietary database of Saudi real estate transactions and sector-level market studies, with delivery handled by a senior team including the Chairman (Eng. Mohammed Babahr), Vice Chairman (Eng. Ayman Albashir), CEO (Eng. Almuhannad Alhassami), and a VP of Business Development. The firm does not operate a software platform, APIs, or consumer app; engagements are delivered as professional services.

Esnad generates revenue on a per-engagement, quote-based model with pricing tailored to client scope; figures are not publicly disclosed. The go-to-market approach is sales-led B2B, relying on direct engagement by the business development team, long-standing relationships with bank panels and PIF-affiliated entities, thought-leadership content on its website/blog, and event participation such as Restatex. In 2026, Esnad secured a VFR+2 credit rating from Simah Rating Agency (Tassnief), announced strategic real estate partnerships, expanded its advisory portfolio, and participated in Restatex 2026 to broaden visibility.

Name

Esnad

Legal name

Esnad Real Estate Valuation & Advisory

Website

https://esnadrealestate.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

101–250 employees

Short description

Esnad is a Saudi Arabia-based real estate valuation and advisory firm, founded in 2014, providing TAQEEM-licensed property valuations, feasibility studies, market analysis, and portfolio advisory to government agencies, banks, developers, and institutional investors across Saudi Arabia.

Ownership category

akta.pro rank

Product category

Real Estate Valuation Services

NAICS

Offices of Real Estate Appraisers (53132), Offices of Real Estate Agents and Brokers (5312)

SIC

Services-Engineering, Accounting, Research, Management (8700), Real Estate (6500)

akta.pro primary industry

Estate, Gift & Trust Valuation (BPAHANAL)

akta.pro secondary industry

Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)

Keywords

• Real estate valuation
• Property advisory
• Feasibility studies
• Market research
• Portfolio analysis

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Real Estate Valuation Services: Professional property valuation services for various asset types including residential, commercial, hospitality, industrial, and mixed-use properties. Revenue is generated on a per-engagement basis for individual valuation reports.
2. Advisory and Research Services: Real estate advisory including feasibility studies, market analysis, highest and best use assessments, and specialized consulting to support investment, development, and financing decisions.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Esnad provides professional real estate valuation services for residential, commercial, hospitality, industrial, and mixed-use assets using market comparison, cost, and income capitalization approaches aligned with IVSC and TAQEEM standards. It complements these with advisory and research services such as feasibility studies, market studies, highest-and-best-use assessments, and portfolio analysis to support investment, financing, and development decisions.

Product overview

Esnad offers a unified platform of real estate professional services centered on two core offerings: Valuation Services and Advisory & Research Services. Valuation Services provides property appraisals across residential, commercial, hospitality, and industrial segments using three primary methodologies (market comparison, cost, and income approaches) aligned with IVSC and TAQEEM standards. Advisory & Research Services complements this by delivering market studies, feasibility assessments, portfolio analysis, and specialized consulting for investment planning and risk management. The portfolio operates as an integrated professional services firm rather than a modular software platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Valuation Services Professional real estate valuation services for residential, commercial, hospitality, industrial, and mixed-use properties, following approved valuation methodologies (market comparison, cost, and income capitalization) and international professional standards (IVSC, TAQEEM). Used by government agencies, banks, developers, and investors to support investment, financing, and asset management decisions.
• Advisory & Research Services

Quantifiable outcome

• VFR+2 credit rating achieved for 2026 from Simah Rating Agency, demonstrating financial stability and professional credibility.

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Group Five Pipe SaudiminorOthersGroup Five Pipe Saudi secured a SAR176 million contract from Esnad Al Turuq (an Esnad entity) for water infrastructure pipes, with execution planned at Ras Al Khair. This represents a contract awarded BY Esnad rather than a partnership.
• Simah Rating Agency (Tassnief)coreOthersSimah Rating Agency awarded Esnad a VFR+2 credit rating for 2026, validating the company's financial stability, operational efficiency, and professional credibility in real estate valuation.
• Saudi Authority for Accredited Valuers (TAQEEM)coreOthersEsnad is licensed by TAQEEM, the Saudi regulator for accredited valuers, ensuring compliance with national professional standards in property valuation.

Scale indicators2 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• White & White Real Estate Appraisal: White & White is a Saudi Arabia-based real estate valuation firm serving banks, government, and developers. It is a local direct competitor to Esnad with overlapping TAQEEM-accredited valuation and advisory services.
• ValuStrat: ValuStrat is a Middle East-focused valuation and advisory firm offering real estate valuation, feasibility studies, and market research across the GCC. It is one of Esnad's closest direct competitors in the Saudi TAQEEM-accredited valuation market.

Broad incumbents

• Astrolab Consulting (Cluttons Saudi Arabia): Cluttons and affiliated Middle East consulting brands provide real estate valuation and advisory services across the GCC. They are comparable global incumbents competing for institutional and developer mandates in Saudi Arabia.
• JLL Saudi Arabia: JLL operates a full-service real estate advisory, valuation, and capital markets practice in Saudi Arabia. As a global major, it competes with Esnad for institutional and developer mandates while offering a much broader service portfolio.
• CBRE Saudi Arabia: CBRE provides real estate valuation, advisory, and capital markets services in Saudi Arabia through its regional offices. It is a global incumbent competing for the same bank, government, and large-developer engagements as Esnad.
• Colliers Saudi Arabia: Colliers provides valuation, advisory, and real estate services in Saudi Arabia through its regional offices. It competes with Esnad for institutional, government, and developer mandates in the KSA market.
• Cushman & Wakefield Middle East: Cushman & Wakefield operates a Middle East real estate services platform including valuation and advisory. It targets the same bank, investor, and government clients in Saudi Arabia as Esnad, with broader international reach.
• Knight Frank Saudi Arabia: Knight Frank operates a Saudi real estate advisory and valuation practice serving banks, investors, and developers. It is a comparable global incumbent with overlapping valuation and feasibility service lines.

Regional players

• BNC Network: BNC Network is a Middle East-focused construction and real estate intelligence provider offering project tracking, market research, and advisory services. It is comparable to Esnad's market studies and feasibility offerings, though with a broader project intelligence angle.

Emerging players

• Cavendish Maxwell: Cavendish Maxwell is a regional valuation and advisory firm operating across the Middle East, providing real estate and business valuation services. It is comparable to Esnad in service offering but smaller in scale, with overlapping TAQEEM-style regional valuation work.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat4 records

Key risks2 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/esnadrealestate
• Xx.com/EsnadREV
• Facebookfacebook.com/EsnadREV

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Esnad