Dubai’s real estate industry is tightly regulated to ensure fairness, transparency, and investor confidence. To uphold these standards, the Real Estate Regulatory Agency (RERA) requires property developers, managers, and owners’ associations to complete an annual RERA audit. This process verifies financial compliance, proper management of service charges, and overall market credibility.

At KVGC, we provide professional RERA-approved audit services in Dubai. Our auditors help you remain compliant with regulations, minimize risks, and maintain trust with investors and stakeholders.

What is a RERA Audit?

A RERA audit is a mandatory financial check for real estate entities in Dubai. It involves reviewing escrow accounts, service charge collections, and property management expenses to ensure compliance with Law No. 8 of 2007 and related regulations issued by RERA.

Core Areas of a RERA Audit

• Verification of developer escrow accounts
• Assessment of service charges collected from property owners
• Evaluation of budgets for jointly owned properties
• Audit of property management, leasing, and maintenance activities

Key RERA Audit Laws in Dubai

• Law No. 8 of 2007 – Escrow Account Law: Requires developers to safeguard investor funds in escrow accounts, released only upon achieving project milestones.
• Law No. 27 of 2007 – Jointly Owned Property Law: Ensures service charges are allocated exclusively to property upkeep and management.
• RERA Service Charge Rules: Calls for transparency, proper justification, and annual auditing of service charges.
• Dubai Land Department (DLD) Compliance: Property managers must submit audited reports annually in line with DLD requirements.

Types of RERA Audits

• Developer’s Audit: Confirms appropriate management of project funds.
• Owners’ Association Audit: Evaluates the financial statements of jointly owned properties.
• Property Management Audit: Reviews leasing, maintenance, and operational compliance.
• Service Charge Audit: Validates that collected charges match approved budgets.
• Escrow Account Audit: Ensures escrow funds are managed according to regulations.

Who Needs a RERA Audit?

The following businesses are required to undergo annual RERA audits:

• Real Estate Developers
• Owners’ Associations
• Property Management Companies
• Jointly Owned Property Managers

Our RERA Audit Solutions in Dubai

We offer tailored audit services for real estate companies, including:

• Compliance Audits: Ensuring complete alignment with RERA and DLD standards.
• Escrow Account Reviews: Independent verification of developer escrow transactions.
• Owners’ Association Audits: Transparent evaluation of service charge collection and spending.
• Service Charge Reviews: Guaranteeing accurate budgeting and fair allocation of charges.
• Regulatory Reporting: Preparing and filing audit reports with RERA/DLD.

Our 5-Step RERA Audit Process

1. Consultation: Identifying your business needs and regulatory requirements.
2. Data Gathering: Collecting financial documents, records, and escrow details.
3. Compliance Review: Analyzing adherence to RERA regulations.
4. Audit Execution: Performing an in-depth financial examination.
5. Final Reporting: Delivering a clear and compliant audit report for RERA submission.