Market data
Comparable (Comp)
A comparable is a similar, recently transacted property used as an evidence point to estimate another property's market value.
Comparables, or comps, are recently sold or leased properties resembling the subject in location, size, type, age, and condition, and they form the backbone of the comparative valuation method. Analysts adjust for differences, such as floor, view, or finish, to arrive at a supported value, favouring recent registered transactions over listings. Registry-grade comparables, drawn from official ADREC transaction records in Abu Dhabi, are more reliable than asking-price data.
Related terms
- Transaction — A transaction is a recorded property deal, whose registered price and details form the raw data behind market analysis and comparables.
- Price per Square Foot — Price per square foot is a property's price divided by its area, used to compare value across units of different sizes.
- ADREC (Abu Dhabi Real Estate Centre) — ADREC is Abu Dhabi's real-estate regulator, overseeing property registration, brokerage licensing, and the emirate's official transaction data.
- Median vs Average — The median is the middle value in a set of prices while the average is the arithmetic mean; the median resists distortion from extreme deals.