Independent, defensible valuation for M&A, fundraising, tax, dispute resolution and financial reporting, accepted by UAE banks, the FTA, Big 4 auditors and the courts.
Independent valuation of businesses and equity stakes for transactions, shareholder disputes, tax, and strategic purposes.
Specialist valuation of patents, brands, trademarks, customer relationships, and software for PPA, IFRS 3 compliance, transfer pricing, goodwill impairment, and IP financing.
Real estate, land, and asset valuation for transactions, financing, and Golden Visa purposes in the UAE and GCC.
Independent business and equity valuation for transactions, shareholder disputes, regulatory compliance, and strategic planning. Every report is prepared by our senior CFA, CA and ACCA qualified team following IVS and IFRS, not delegated to junior analysts.
Whether you are selling a business, buying a stake, resolving a dispute, or satisfying an audit requirement, you need a valuation that is technically rigorous, professionally defensible, and clearly explained.
We understand the purpose of the valuation, transaction, dispute, audit, or planning, because purpose shapes the standard of value and methods applied. Scope and fee are agreed before any work begins.
We analyse 3–5 years of historical financials, normalise earnings, and build a forward-looking model grounded in industry benchmarks and GCC market data.
We apply two or more methods, typically DCF, market multiples, and/or precedent transactions, and triangulate the results, applying discounts or premiums where relevant.
You receive a full written valuation report to IVS standards, with support presenting findings to boards, investors, auditors, or legal counsel.
A minority shareholder in a UAE-based industrial manufacturing business engaged Corvian ahead of a compulsory buyout. We applied a DCF analysis, cross-checked against EV/EBITDA multiples for comparable GCC industrials, and applied a minority discount consistent with IVS guidance. Our report was accepted by both parties as a neutral reference point, resulting in a negotiated settlement materially above the original offer.
An independent assessment of what a company is worth using DCF, market multiples, or asset-based approaches. Needed when selling/buying a business, raising investment, resolving disputes, IFRS 3 acquisitions, bank loans, Golden Visa, or UAE corporate tax.
The three core approaches are DCF (discounted cash flow), market multiples (EV/EBITDA benchmarked to comparable GCC transactions), and net asset value (NAV) for asset-heavy businesses. Method choice depends on stage, sector and purpose. All work follows IVS and IFRS standards accepted by UAE banks, auditors and courts.
AED 10,000–50,000, fixed and agreed before work begins. Straightforward SME valuations sit toward the lower end; multi-entity or contested valuations toward the higher end.
Most valuations complete in 2–4 weeks. Property in 4–7 working days. Complex PPA or litigation work may take 4–8 weeks.
Yes. Reports are prepared by a CFA Charterholder to IVS and IFRS standards, accepted by UAE banks, Big 4 auditors, the FTA and UAE courts. Tell us your specific requirement upfront and we'll confirm suitability before starting.
Yes. Majority stakes carry a control premium; minority interests apply DLOM and DLOC discounts for lack of marketability and control. All adjustments are grounded in market evidence, not applied arbitrarily.
Yes, this is one of our most common engagements. It requires normalising owner salaries, separating personal from business assets, and producing a report defensible to every family stakeholder, and to a UAE court or arbitration panel if needed.
We use the Berkus Method or Scorecard Method for very early-stage companies, market-comparables benchmarked against funded GCC/MENA peers, or a risk-adjusted revenue model where near-term revenue is visible. For fundraising we produce an investor-ready price per share; for ESOPs we value at the standard required under IFRS 2.
Yes. UAE banks regularly require an independent valuation for loans secured against business equity, asset-based lending or acquisition financing. Reports follow IVS standards and we can work directly with your bank's credit team on their specific requirements.
Not legally, but practically yes. Buyers arrive with their own numbers; an independent valuation gives you a defensible starting position, normalises earnings, and documents intangibles that add value but don't appear on the balance sheet.
Often, yes. Transfer pricing between related parties requires arm's-length support, and business restructurings, equity transfers or group reorganisations may need fair value assessments for tax reporting. We advise on the valuation requirements under the UAE CT regime and prepare FTA-ready reports.
IVS, IFRS 3 for PPA, IAS 38 for intangibles, IAS 36 for goodwill impairment, and RICS for real estate. Led by our senior CFA, CA and ACCA qualified team with 15+ years of combined Big 4 and top-tier consulting training.
Yes. We provide business, intangible and property valuation across the GCC, Saudi Arabia (Riyadh, Jeddah), Qatar, Kuwait, Bahrain and Oman, following IVS standards.
Yes, covering the UAE, Saudi Arabia, Qatar, Kuwait, Bahrain, Oman, India, Singapore and the UK. All reports follow IVS and IFRS, recognised across all these markets, commonly needed for M&A, IP transfer pricing and multinational financial reporting.
Yes. RICS-compliant property valuations accepted by the GDRFA for the AED 2M, 10-year Golden Visa threshold.
Intangible assets now represent the majority of enterprise value in knowledge-driven businesses, over 55% of total enterprise value among UAE listed companies. Yet most UAE businesses have no independently verified number attached to them.
We provide specialist intangible asset valuation for purchase price allocation (PPA) under IFRS 3, IP licensing and royalty negotiations, UAE corporate tax transfer pricing, goodwill impairment testing under IAS 36, and litigation support, applying Relief-from-Royalty, MPEEM, and Cost Approach methods selected on evidence, not convenience.
Brand names, trademarks, trade dress, domain names, and logos. Valued using Relief-from-Royalty against comparable licensing benchmarks.
Registered patents, in-development IP, proprietary software, algorithms, and trade secrets. Method depends on commercialisation stage.
Customer lists, order backlogs, subscription books, and long-term supply contracts. Valued under MPEEM.
Favourable licensing agreements, franchise rights, government concessions, and non-compete covenants.
We identify and classify every intangible asset, both recognised and those that should be. IFRS 3 requires all identifiable intangibles be recognised separately from goodwill.
Relief-from-Royalty for brands and patents. MPEEM for customer relationships and technology. Cost Approach for early-stage IP without revenue history.
We benchmark royalty rates using published databases and comparable licensing transactions, all supported by market evidence.
Fully documented reports with clear methodology, source references, and sensitivity analysis, with direct auditor engagement when required.
IFRS 3 requires the total purchase price be allocated to identifiable assets and liabilities at fair value, brands, patents, customer relationships, and technology valued separately from goodwill, within 12 months of the acquisition date.
Since 9% UAE corporate tax in 2023, IP held between related entities requires arm's-length transfer pricing documentation. We prepare royalty rate benchmarking, DEMPE function analysis, and fair market value opinions for IP restructurings.
A private equity acquirer engaged Corvian to value the brand portfolio of a GCC consumer goods group following a majority acquisition. Relief-from-Royalty applied to each of three brands, benchmarked against MENA licensing data. Accepted by the group's Big 4 auditor without adjustment; brand values represented over 60% of the total intangible allocation.
A UAE technology company sought to use its patent portfolio as collateral for growth financing. We applied Relief-from-Royalty to revenue-generating patents and a probabilistic income approach to those in development, benchmarked against MENA/APAC licensing data. Accepted by the lender as the basis for the financing structure.
It's determining the fair value of non-physical assets, patents, brands, trademarks, customer relationships, software and trade secrets. You need it after an acquisition (IFRS 3 PPA), for IP licensing or royalty negotiations, UAE corporate tax transfer pricing, annual goodwill impairment testing (IAS 36), IP-backed financing, or litigation.
Patent valuation prices a specific invention, usually via Relief-from-Royalty or a probabilistic income approach for pre-revenue IP. Brand valuation prices the commercial pricing power and customer loyalty a brand generates. Both often use Relief-from-Royalty, but with entirely different royalty-rate benchmarks, and under a PPA they must be valued and disclosed separately.
An annual requirement under IAS 36 for any IFRS-reporting entity carrying goodwill from a past acquisition. It compares a cash-generating unit's carrying value to its recoverable amount; if carrying value is higher, goodwill must be written down, and the write-down cannot be reversed.
IP held between related entities must be priced at arm's length under OECD guidelines adopted by the FTA. We benchmark intercompany royalty rates against comparable licensing data, run DEMPE function analysis, and provide fair market value opinions for IP transfers and group restructurings.
Yes, a growing structure among UAE and GCC lenders for technology, media and brand-led businesses. Lenders require an independent valuation of the asset's income-generating potential, remaining useful life and liquidation value, which we prepare to the documentation standard UAE lenders expect.
Typically via Relief-from-Royalty, the present value of the royalty payments the owner avoids by owning rather than licensing the patent. For pre-revenue, development-stage patents we use a Cost Approach or a risk-adjusted probabilistic income approach instead.
A trademark is the registered legal right, the name, logo or mark. Brand value is the broader economic asset built on top of it: customer recognition, loyalty and pricing power. We usually value the trademark via Relief-from-Royalty, with wider brand equity assessed separately when relevant to a PPA.
If you're an IFRS-reporting entity, yes. IFRS 3 requires the full purchase price to be allocated to all identifiable assets and liabilities, with intangibles recognised separately from goodwill, completed within 12 months of the acquisition.
Yes. An independent valuation gives you an evidence-based benchmark for a fair royalty rate, useful in licensing negotiations, intercompany transfer pricing documentation, and dispute resolution, for a single patent, a portfolio, or a brand licence.
A single asset, one patent or brand, typically takes 2–3 weeks. A full PPA across multiple intangible classes usually takes 3–6 weeks depending on complexity and whether auditor liaison is required.
AED 15,000–80,000. A single asset (one brand or patent) is typically AED 15,000–35,000; a full PPA across multiple intangible classes is typically AED 30,000–80,000. Fixed-scope and agreed before work begins.
IAS 38 governs how intangible assets are recognised and amortised on an ongoing basis. IFRS 3 governs business combinations, requiring identifiable intangibles to be separated from goodwill at fair value on the acquisition date. The PPA sits under IFRS 3; the resulting assets are then accounted for under IAS 38.
Almost always. Client relationships, contract backlog, proprietary methodology, brand reputation and a trained workforce are all intangible assets with real economic value, rarely on the balance sheet, but exactly what a buyer is paying for and will test in due diligence.
Goodwill is the residual: what you paid above the fair value of all identifiable assets and liabilities, things like assembled workforce and synergies that can't be separated and sold individually. Under IFRS 3 it isn't amortised but must be tested for impairment annually. A properly prepared PPA keeps goodwill to its genuine residual by identifying every separable intangible first.
Real estate, land, and asset valuation for transactions, financing, regulatory compliance, and UAE Golden Visa applications, prepared to RICS standards and accepted by UAE banks, authorities, and government entities.
The UAE property market moves fast. Getting an accurate, independently prepared valuation that reflects current market conditions and withstands scrutiny is critical whether buying, selling, financing, or applying for a Golden Visa.
We confirm the purpose, Golden Visa, financing, transaction, or reporting, and the relevant standard of value required before starting.
Physical or desk-based inspection depending on property type. We gather title documentation, floor plans, ownership records, and tenancy information.
We analyse recent comparable transactions in the same development, area, and asset class, plus an income capitalisation approach for tenanted properties.
A formal RICS-compliant valuation report suitable for submission to the relevant UAE authority, bank, or counterparty.
The UAE Golden Visa requires property holdings meeting the AED 2 million minimum threshold for a 10-year visa. If purchased below threshold, mortgaged, or bought off-plan, a formal RICS valuation accepted by the GDRFA or relevant investment office is required.
A family office required an independent valuation of its four-unit commercial portfolio across Dubai and Abu Dhabi for IFRS balance sheet purposes. We used comparable transactions plus income capitalisation for tenanted units, accepted by the group's external auditors without adjustment.
AED 3,000–18,000, depending on property type, purpose, and whether a physical inspection is required. Golden Visa residential valuations typically sit toward the lower end; commercial portfolios are priced accordingly.
Our reports are RICS-compliant and accepted by UAE banks, the GDRFA for Golden Visa applications, the Dubai Land Department, and relevant free zone authorities. Tell us your specific institution upfront and we'll confirm acceptability first.
Yes, but it's the equity, the value net of the outstanding mortgage, that counts toward the AED 2M Golden Visa threshold. We review the mortgage balance alongside the valuation and confirm whether your position qualifies, including across multiple properties.
Typically 4–7 working days for a straightforward residential or commercial property. Tell us about a hard deadline, a visa submission or bank date, and we'll confirm an expedited timeline.
Yes. We combine developer pricing data, comparable completed-unit sales in similar developments, and a stage-of-completion adjustment, with assumptions and limitations clearly stated in the report.
Multiples are a reference point, not the answer. We benchmark against live GCC transaction data, 2025–2026.
ARR quality, NRR, and churn rate are the primary value drivers. Strong recurring revenue commands the highest GCC mid-market multiples.
Specialist mix, licence type, and patient base drive variation. UAE healthcare commands premium multiples due to licensing barriers.
AUM, GWP, regulatory licence, and client retention are core value drivers. DIFC/ADGM-licenced businesses attract the upper range.
Enrolment growth, KHDA rating, and licence quality drive value. Established institutions command significant premiums.
Contract length, asset mix, and route coverage are key. UAE’s logistics hub position supports the upper range.
Transaction volume, listing quality, and brand drive value in Dubai’s active real estate market.
Brand, location quality, and franchise rights are primary drivers; location dependency is the main discount factor.
Order backlog, asset condition, and long-term contracts drive value, with a premium for Operation 300bn-aligned businesses.
Source: Corvian Advisory GCC deal intelligence, 2025–2026. Indicative ranges only.
Method selection is driven by industry, purpose, and asset type, never one-size-fits-all.
Discounted Cash Flow and Multi-Period Excess Earnings for ongoing businesses and income-generating intangibles.
EV/EBITDA, P/E, and precedent transaction multiples calibrated to GCC market data.
Used for patents, brands, and trademarks. Values royalty savings from owning rather than licensing IP.
Net Asset Value and cost approach for holding companies, real estate, and early-stage IP without revenue history.
Fixed-scope proposals agreed before work commences. No surprises.
Benchmarked on credentials, full scope (Business + IP + Property + P&M), delivery time, pricing, and GCC coverage.
“Corvian prepared our business valuation for a shareholder buyout. The report was technically rigorous, clearly written, and accepted by both parties without challenge. Completed in under three weeks.”
“We needed a Golden Visa property valuation on a tight deadline. Corvian came back in four working days with a RICS-compliant report accepted by the GDRFA without any pushback.”
“Our Big 4 auditor accepted the PPA work from Corvian without a single material adjustment. The brand valuations were particularly well-supported.”
Every valuation service we provide, each with its own page covering methodology, pricing, standards applied, and FAQs.
Questions about business valuation, startup valuation, IFRS valuation, property valuation, and our process.
Business valuation and company valuation are used interchangeably, both use DCF, multiples or asset-based methods to price a business. Fair value is a specific measurement basis under IFRS 13: the price receivable in an orderly transaction between market participants, and it's the more prescriptive standard required for PPA, impairment testing and financial reporting.
It depends on the business and the purpose. DCF suits established businesses with predictable cash flows; EV/EBITDA multiples suit M&A benchmarking; NAV suits holding companies and asset-heavy businesses; Berkus, Scorecard or the VC Method suit pre-revenue startups. For IFRS compliance, the method must meet the relevant standard, IFRS 3, IFRS 13 or IAS 36.
Typically via the Berkus Method (milestone-based scoring), the Scorecard Method (comparison against funded peers), or the VC Method (reverse-engineered from target returns). Where early revenue exists, a revenue multiple or high-discount-rate DCF may apply. ESOP grants under IFRS 2 need an independent opinion regardless of revenue stage.
Most commonly: selling or buying a business, an IFRS 3 PPA (within 12 months of acquisition), annual IAS 36 goodwill impairment testing, IFRS 2 ESOP grants, UAE corporate tax transfer pricing on related-party transactions, the AED 2M UAE Golden Visa property threshold, and bank financing secured against the business.
Typically 3–5 years of financial statements, recent management accounts, a cap table, any shareholders' agreement or term sheet, and details of key contracts or related-party transactions. We send a tailored information request after the initial call. Property valuations need the title deed and floor plan; IP valuations need the IP register and licensing agreements.
DCF models must now factor in the 9% corporate tax charge, reducing post-tax free cash flow and therefore enterprise value. Related-party transactions, including intercompany IP licensing, must be priced at arm's length and supported by a transfer pricing study. A valuation prepared before UAE CT should generally be refreshed.
Not automatically – the standard of value differs: an IFRS 3 PPA uses "fair value" under IFRS 13, while a bank may require "market value" or its own lending-value policy. We agree the intended purpose upfront and, where genuinely dual-use, can prepare a report that explicitly addresses both standards.
Yes. We prepare independent valuation reports for shareholder disputes, divorce proceedings, estate matters and commercial litigation, to the standard required for court or arbitration submission, accompanied by a declaration of independence, as sole joint expert or party-appointed.
Business, startup, IP, property, P&M valuation. IFRS 3 PPA. DIFC, ADGM, Dubai Mainland, Free Zones. IVS & RICS compliant.
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