How many units are involved in the valuation CMA over what time frame?

The correct answer highlights the standard practice in conducting a Comparative Market Analysis (CMA) in real estate valuation. Specifically, using 6 units within the last 6 weeks provides a balanced approach that takes into account recent market activity while also ensuring that the data is relevant and robust enough to reflect current conditions.

Using 6 units allows for a more comprehensive analysis, as it offers a better sample size to understand pricing trends and the characteristics of similar properties. The 6-week timeframe is also significant because it captures the most recent trends in the market, considering that real estate markets can change rapidly. This period is generally deemed long enough to encompass sufficient data while still being close enough to the present to ensure accuracy in valuation.

Additionally, having a recent timeframe mitigates the risks of relying on outdated information, which can lead to inaccurate assessments. This practice aligns with the guidelines and expectations set by the Dubai Real Estate Regulatory Agency (RERA), ensuring brokers provide their clients with the most pertinent and reliable information during real estate transactions.