Windmills conducts highest and best use studies to determine the most appropriate development strategy for land or assets. We examine feasible alternatives, assess market demand and approvals, and then review costs and returns in order to effectively guide investment decisions.
Windmills undertakes highest and best use assignments very seriously and professionally. Let us explain below how we do it and what the important process steps are that we look after professionally.
A ‘highest and best use study’ assignment is a collection of a number of feasibility studies for various projects, and then the selection of the most suitable one from the strategic, business, operational, and financial perspectives. A client would like to know what the best business or investment is for me. How do I get the highest and best use of the land I have at a particular place? The answer lies in a professional highest and best use study done by Windmills.
Then the client has many more questions about each possible alternative of the business and investment under the highest and best use study assignment. Here are the examples. How is the current market doing? At what price will the project configuration be sold? Who will be the buyers? How long will it take to complete the regulatory approvals, develop the project, and sell the project? What will sell more and what less? What will be the repayment period? How much net profit will we get? What is the initial capital and total investment? What will be the project IRR and return on equity, and investment? What are the critical success factors, risks, and liabilities, and are they mitigated?
Windmills is well experienced in preparing such highest and best use studies and the underlying project feasibility reports realistically. We have carried out many feasibility studies for buildings, towers, resorts, villa compounds, souq projects, etc. We have also written feasibility studies and business plans for many other industries in the GCC region. We have many real estate project managers, real estate market experts in various residential, commercial, industrial, hospitality, medical, education, etc. segments, financial managers, civil engineers, mechanical engineers, building surveyors, development specialists, tenants, and investors on board.
Additionally, we have carried out more than 20,000 valuations of diverse types of real estate properties. Since we also have comprehensive experience in preparing reserve fund studies, service cost studies, and technical defect monitoring and project monitoring, we are in the best position to prepare project feasibility reports.
Survey Processes
Understanding the Subject Property: Reviewing available property documentation and clarifying the scope, purpose, and service requirements.
Conflict of Interest Assessment: Confirming independence and compliance with applicable professional, ethical, and regulatory standards.
Scope & Methodology Definition: Defining the areas to be inspected, building elements covered, inspection level, and survey methodology.
Physical Inspection: Conducting a systematic visual inspection of accessible building components and common areas.
Condition & Lifecycle Assessment: Assessing condition, age, and remaining useful life of building elements using standard rating criteria.
Cost & Risk Evaluation: Identifying maintenance, repair, or replacement considerations and associated risks, where applicable.
Proven Expertise Across All Property Types
Residential Properties
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Commercial Properties
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Industrial Properties
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Trading Properties
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Producing opportunities through independent, accurate, and defensible valuation and building consultancy.
