September 2, 2021

RERA Audit

RERA Audit in Dubai | RERA Certified Auditors in Dubai

RERA audit in Dubai is mandatory for all the real estate businesses and projects registered with RERA. SAB Auditing is one of the certified RERA auditors. We have a reputation of one of the best audit firm in Dubai, UAE. 

We are listed and certified auditor with Dubai Land Department to provide the services for the real estate businesses and arrangements

We possess tactful skills to analyze the growth of a project and its compliance with the applicable relevant laws. We have also assisted Real Estate Regulatory Agency (RERA) in developing the reporting process of Escrow Accounts audits for unfinished/under develop real estate projects.

We have been approved to review, study and analyze the service charges budget for the Associations to ensure that it has been prepared feasible as per the current competitive market offering.

RERA Audit Services In Dubai

Real Estate Developers and Jointly Owned Property Managers are required to get their project escrow accounts, financial accounts and service charge budgets audited annually for each ongoing project.

The step is part of RERA’s strategy to boost the adoption of good governance measures for the real estate sector and enhance transparency along with the strengthening the confidence of the investors in real estate sector.

Our professional and approved RERA auditors are well versed in ensuring compliance with defined RERA audit regulations and operation of Escrow Trust Account, Jointly Owned Property & Developer’s progress status and has extensive experience of conducting audits as required by RERA.

RERA Certified Auditors | Approved RERA Audit Firm

SAB auditing is one of the approved RERA audit firm in Dubai. We are covering following areas of services for RERA audit:

Mollak – Jointly Owned Property Audit of Service Charge

This is one of the fundamental requirements mandated by RERA. Jointly Owned Property audits require technical expertise and an in-depth understanding of the region’s real estate industry. We have a specialist team that provides cost-effective audits of service charge accounts and related services to residential, retail, commercial, villas and master community developments.

Service Charge Budget Review – RERA Budgeting

Another requirement mandated by RERA, which has been recently imposed across Dubai for all managers managing the jointly owned property, is the Service Charge budget review. The primary purpose of a Budget Review of Service Charge is to conduct a detailed review of the budgeted service charge figures and match them to the industry standards and regulatory guidelines.

Our team is well experienced in the provision of an independent review of the service charge budgets of the jointly owned properties to ensure that the budgeted expenses and allocations are reasonable and in line with industry standards. This provides confidence and absolute assurance to all stakeholders involved including real estate developers, management companies, unit owners, investors, tenants and the regulatory authority.

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