Rera audit & review compliance in Dubai
RERA (Real Estate Regulatory Agency) a government agency responsible for the formulation of rules and regulations for various real estate activities in Dubai requires that all developers registered with RERA should have an ESCROW account and conduct an independent audit to identify the current status of the project regarding the progress of construction.
In addition, all completed projects must have an Owners’ Association, and should maintain accounting records and submit audited financial statements annually to RERA. RERA stipulates escrow account audits, review of the service charge budget, service charge audits, and certain reporting rules and procedures for property owners and developers on a periodic basis. The scope of the audits and review are communicated from time to time by RERA through an official circular issued to various stakeholders like developers, auditors, escrow account holders, owners association management etc
Our experts are well experienced in assisting businesses to comply RERA regulations including escrow account audits, review of the service charge budget for Owners Association(OAs), OAs service charge audit.
our office address
The Alchamii Auditing of Accounts, 965D, Tamani Arts Offices, Business Bay, Dubai, UAE.
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