A Haj and Umrah expert in the Kingdom said that 284 companies had to quit Umrah operations since the implementation of a regulation decree, with an approximate market value
of SR 6.8 billion.
The company has unveiled a USD1.5bn authorisation, which compares with an approximate market value
of USD28.9bn at current prices/rates.
This will give you a realistic idea about the approximate market value
of the property.
That is much less than the approximate market value
of around $25 million for just one 35,000 ton cargo of gasoline.
It helps explain why cost new, even with a relatively new property, does not approximate market value
. If the feasibility rent is above the market rent, then the property has obsolescence and cost new will exceed the market value.
Grainger already owns more than 4,500 houses in Germany with an approximate market value
of pounds 265m and if the acquisition is successful, it will bring the total number of properties to 6,800 and the market value close to pounds 383m.
If the government came into the judge's home and took a precious family heirloom or a prized collection to give to someone it thinks is more deserving of such items, but leaves behind the approximate market value
of these items on the dresser, would he feel any less robbed or violated?
Look out for copies of old auction catalogues so that you can see pictures of items and their approximate market values