Every bank in the UAE hires a third-party evaluator to conduct an independent assessment of your property. It's important to note that the bank will base its mortgage funding on the property's valuation report, even if the selling price is higher than the valuation.
Additionally, the valuation report serves as a valuable document to retain for your records, as it can be useful for future analysis of your property's value and performance. Keeping this report can help you track changes in your property's worth over time.