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Notes to the Consolidated Financial Statements
(Thousands of US dollars)
54
Dar Al-Maal Al-Islami Trust
Annual Report 2014
14. Fair values of land
and buildings
(continued)
Information about fair value measurements using significant unobservable
inputs (Level 3) for significant properties
Description
At 31 December 2014
Fair
Value
Valuation
technique(s)
Unobservable
inputs
Range of
unobservable inputs
(probability –
weighted average)
Relationship of
unobservable
inputs to fair value
Tour de Cointrin
Switzerland
45,195 Market
comparable rents
and sales and
discounted cash
flow
Rents per square
meter, price per
square meter,
capitalisation /
discount rate
CHF 260-605
(CHF 450),
CHF 7,500-9000
(CHF 7,951),
5.0-5.25%
(5.24%)
The higher the rent
or price the higher
the fair value.
The lower the
discount rate the
higher the fair
value.
Deem Al Madina
Kingdom of Saudi Arabia
3,687 Residual Approach Price per square
meter
SAR 463
The higher the price
per square meter
the higher the fair
value
Schuman
Belgium
7,155 Income
Capitalisation &
Sales
Comparison
Approach
Rents per square
meter
Capitalisation
Office 1-9th floors
EUR 275-285
(EUR 275),
Retail EUR 431-600
(EUR 485),
Archive EUR 92-100
(EUR 100),
Parking
EUR 1,225-1,999
(EUR 1,650)
4.28%-6.83%
(6.00%)
The higher yield
and net income
generated for a
property results
in the higher fair
value.
Emile De Mot
Belgium
2,233 Income
Capitalisation &
Sales Comparison
Approach
Rents per square
meter
Capitalisation
Office Ground-9th
floors EUR 101-202
(EUR 130)
Archive & Storage
EUR 60-70
(EUR 70),
Parking EUR 1,001-
2,193 (EUR 1,500)
6.33%-12.63%
(7.50%)
The higher yield
and net income
generated for a
property results
in the higher fair
value.
Al Khumrah Land
Kingdom of Saudi Arabia
53,711 Residual Approach Price per square
meter
Government
Compensation
SAR 796, Net Land
Value SAR 547
The higher the price
per square meter
the higher the fair
value.
Hidd Land
Kingdom of Bahrain
5,401 Sales Comparison
Approach
Price per square
foot
BHD 38
The higher the price
per square foot
the higher the fair
value.
Richmond Road
Canada
3,529 Sales Comparison
Approach
Price per square
foot
CAD 28-358
(CAD 72.43)
The higher the price
per square foot
the higher the fair
value.