An incomplete or non-compliant escrow audit can lead to significant penalties, including project delays and frozen funds. RERA Escrow Audits is a mandatory requirement under Dubai Law No 8 of 2007.
RERA can halt your progress, preventing the release of funds to contractors.
Avoid fines and legal action for non-compliance with the Dubai Land Department (DLD).
Protect your reputation by ensuring all buyer funds are correctly managed and verified.
Our process is clear and streamlined, designed for fast compliance. As auditors officially approved and listed by the Dubai Land Department (DLD) and RERA, we are authorized to conduct all mandatory real estate compliance audits, including Escrow and JOP.
We provide a simple checklist of all required documents (SPAs, financial statements, etc.).
We reconcile all buyer payments against project progress and expenditures, ensuring 100% adherence to RERA regulations.
You receive an official, RERA-compliant audit report, delivered on time to meet your deadlines.
Understanding the TAS workflow and RERA requirements.
The developer logs into the Trust Account System (TAS) and formally appoints the auditor for each active project.
Once appointed, we review unit sales, investor records (Oqood/SPA), escrow inflows, and verify the 4% registration fees and developer cash receipts.
We submit the verified report inside TAS. The Account Trustee then validates all escrow movements against our audit report.
The report is approved, and the project is marked compliant for the fiscal year.
Failure to adhere to the schedule triggers automatic system penalties:
Let our expert escrow auditors provide the clarity and peace of mind you need.