Dubai’s real estate sector is one of the most regulated industries, ensuring transparency and investor protection.
The Real Estate Regulatory Agency (RERA) mandates that real estate developers, owners’ associations, and property
management companies undergo an annual RERA audit to ensure compliance with financial regulations.
At Shuraa Tax, we provide professional RERA audit services in Dubai, UAE to
help businesses comply with RERA laws, avoid penalties, and maintain credibility in the market.
What is RERA Audit?
A RERA audit is a regulatory requirement in Dubai for real estate developers and property-related businesses. It
involves a thorough financial examination to ensure compliance with Law No. 8 of 2007, the regulation governing
Dubai’s real estate sector.
It involves a detailed assessment of:
- Financial records and escrow accounts of real estate developers
- Service charges collected from property owners
- Budgeting and financial management of jointly owned properties
- Property management firm's compliance
with leasing and maintenance regulations
RERA Audit Laws in UAE
RERA audits in Dubai are governed by several key laws and regulations. Some of the most critical regulations include:
1. Law No. 8 of 2007 – Escrow Account Law
- Requires real estate developers to deposit investor's funds into a regulated escrow account.
- Prevents misuse of funds for purposes unrelated to the project.
- Ensures funds are released only upon completion of construction milestones.
2. Law No. 27 of 2007 – Jointly Owned Property Law
- Governs the formation of owners’ associations.
- Ensures service charges collected from property owners are used only for property maintenance and management.
3. RERA Service Charge Guidelines
- Mandates transparent budgeting for service charges
- Requires property managers and developers to justify and audit service charges annually
4. Dubai Land Department (DLD) Regulations on Property Management
- Property management firms must submit audited financial reports annually.
- Leasing and maintenance operations must comply with strict financial documentation guidelines
Types of RERA Audits in UAE
Depending on the nature of your real estate business, different types of RERA audits apply:
1. Developer's RERA Audit
Ensures project funds are managed as per RERA’s regulations
2. Owner's Association Audit
Reviews financials of jointly owned properties
3. Property Management Audit
Verifies compliance in property leasing, maintenance, and service charges
4. Service Charge Audit
Assesses whether collected service charges align with approved budgets
5. Escrow Account Audit
Ensures developers manage escrow funds according to legal requirements
Who Needs a RERA Audit?
The Dubai Land Department (DLD) requires the following
entities to conduct annual RERA audits:
- Real Estate Developers
- Property Management Companies
- Owners' Associations
- Jointly Owned Property Managers
If your business falls under any of these categories, it is mandatory to conduct a RERA-compliant audit.
Shuraa RERA Audit Services in Dubai
At Shuraa Tax, we provide end-to-end RERA audit solutions tailored to the
needs of real estate businesses. Our services include:
1. Financial Compliance Audit
Ensuring full adherence to RERA and DLD laws
2. Escrow Account Audits
Examining financial transactions and verifying trust accounts
3. Owners’ Association Audits
Assessing service charge collection and expenditure
4. Service Charge Audits
Ensuring accurate budgeting and cost allocation
5. Regulatory Reporting & Compliance
Preparing and submitting audit reports to RERA/DLD
RERA Audit Process at Shuraa Tax
Our 5-step RERA audit process ensures compliance and transparency:
1. Initial Consultation - Understanding your business and compliance needs
2. Financial Data Collection - Gathering required financial records and escrow details
3. Compliance Assessment - Evaluating adherence to RERA regulations
4. Audit Execution - Conducting a detailed financial review
5. Report Submission - Providing a comprehensive audit report for RERA approval
Why Choose Shuraa Tax for RERA Audit Services?
Choosing the right RERA approved auditors is crucial for ensuring compliance. Here’s why businesses trust Shuraa Tax:
1. 100% Compliance & Risk Prevention
Ensuring adherence to RERA regulations
2. RERA Approved Auditors
Recognized by Dubai Land Department & RERA
3. Accurate & Transparent Reports
Meeting legal and financial regulations
4. Affordable Audit Solutions
Cost-effective packages for real estate businesses
5. Fast Turnaround Time
Quick audit completion to avoid regulatory delays
Get Expert RERA Audit Services Today!
Stay compliant and safeguard your real estate business with Shuraa Tax’s RERA audit services in Dubai. Contact our experts today for a consultation!
Frequently Asked Questions
Real estate developers, property management companies, owners’ associations, and escrow account holders must undergo RERA audits.
Most RERA audits are conducted annually, but some cases, like escrow account audits, may require periodic reviews.
Yes, developers must conduct an escrow audit even if construction is completed mid-year to ensure compliance with RERA regulations.
Key documents include financial statements, bank records, escrow account details, service charge budgets, and lease agreements.
Yes, owner's associations must undergo audits to confirm proper fund allocation and financial management as per RERA guidelines.
