Esnad
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.
- Company typePrivate
- Founded2014
- HeadquartersRiyadh, Saudi Arabia
- Headcount101–250
- GTM typeB2B
- OfferingServices
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.
Esnad firmographics
Firmographics- 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
Esnad industry classification
Industry- 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
Where Esnad is headquartered
LocationHeadquarters
- HQ city
- Riyadh
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Offices2 records
Markets served
Esnad business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- 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.
- 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
Esnad product offering
Product offeringCore 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.
Companies that use Esnad
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
Esnad technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Esnad partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor and core.
- Group Five Pipe SaudiminorGroup 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)coreSimah 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)coreEsnad 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
Esnad competitors and assessment
Company assessmentDirect 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
Esnad social profiles
Digital presenceEsnad compliance and trust
Trust signalCompliance2 records
Esnad financial estimates
Financial estimateRevenue estimate
Valuation estimate
Esnad leadership team
Management profileNumber of profiles
Profiles4 records
Esnad funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Esnad M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Esnad
What does Esnad do?
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.
Is Esnad a public or private company?
Esnad is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Esnad founded?
Esnad was founded in 2014. It employs 101 to 250 people.
Where is Esnad based?
Esnad is headquartered in Riyadh, Saudi Arabia, in the Middle East region.
How does Esnad make money?
Two revenue lines are on record. Real Estate Valuation Services are the primary driver. The others are advisory and Research Services.
Who are Esnad's main competitors?
Direct peers on record are White & White Real Estate Appraisal and ValuStrat. Broad incumbents are Astrolab Consulting (Cluttons Saudi Arabia), JLL Saudi Arabia, CBRE Saudi Arabia, Colliers Saudi Arabia, Cushman & Wakefield Middle East and Knight Frank Saudi Arabia. BNC Network is listed as a regional player. Cavendish Maxwell is listed as an emerging player.
Does Esnad have an API?
No public API is recorded for Esnad.
What industry is Esnad in?
Esnad's product category is Real Estate Valuation Services. Its primary akta.pro industry code is BPAHANAL, Estate, Gift & Trust Valuation, with a secondary code of BPAJANAE, Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing). Its NAICS code is 53132 and its SIC code is 8700.