Mandatory RERA Compliance in Dubai
A mandatory RERA Audit Dubai is required if you are a real estate developer or part of an Owners Association/Jointly Owned Property (JOP) in Dubai. A RERA-approved audit ensures your financial operations are transparent and compliant with the Real Estate Regulatory Agency’s (RERA) standards, helping you maintain good standing and avoid penalties.
At Alkazim, our team of expert RERA-approved auditors provide reliable, transparent, and timely audit services so your real estate project can stay compliant.
What is a RERA Audit?
A RERA Audit is a detailed financial review required by Dubai’s real estate authority. All developers with projects under construction and all Owners Associations must submit audited financial statements prepared by an approved auditor. This is a core requirement of the RERA Audit Dubai process.
Ensures Compliance
Ensures full compliance with RERA and UAE laws to avoid penalties.
Builds Stakeholder Trust
Builds confidence with investors, buyers, and financial institutions.
Protects Your Business
Protects developers and JOPs from fines and license renewal issues.
The Main Types of a RERA Audit in Dubai
RERA audits are categorized into three main stages, each corresponding to a phase in the project lifecycle.
Stage 1: Operational Audit
Conducted at project launch, this audit evaluates the developer’s readiness. It includes reviewing internal controls, sales practices, and verifying the proper setup of escrow accounts.
Stage 2: Financial Audit
This audit occurs during construction to assess the project’s financial health. Key aspects include verifying that funds are used according to the budget and ensuring progress payments are justified.
Stage 3: Compliance Audit
Upon project completion, this final audit ensures the developer has met all obligations. It assesses the unit handover process, verifies service charge calculations, and confirms all RERA requirements are fulfilled.
Who Needs a RERA Audit Dubai Service?
Our services are essential for a range of professionals and organizations within Dubai’s real estate sector.
Real estate developers managing off-plan projects
Owners Associations (JOPs) for service charge verification
Investors seeking financial transparency and project health
Management companies overseeing jointly-owned properties
Our Comprehensive RERA Audit Services
Annual Audits for Owners Associations (JOPs)
Service Charge Budget Reviews & Mollak Services
Project Status & Financial Audits for Developers
Complete Escrow Account Compliance Verification
Unit Balance Verification and Special Levy Reviews
Advisory support for all RERA compliance matters
Ready to Ensure Your RERA Compliance?
Let our expert RERA-approved auditors provide the clarity and peace of mind you need. Get a no-obligation quote today.
Case Study: Supporting a Dubai JOP
“A JOP in a prominent Dubai community was struggling with initial Mollak registration and service charge collections. Our team stepped in to conduct a full RERA-compliant audit. We provided a transparent report that clarified all expenses, helping the association get its budget approved, improve collections, and restore trust among homeowners.”
Frequently Asked Questions
Q1: Is a RERA audit mandatory?
Yes. Every real estate developer with an active project and all registered Jointly Owned Properties must conduct an annual RERA audit to remain compliant.
Q2: Who can perform a RERA Audit Dubai?
Only auditing firms that are officially approved by RERA can perform a RERA Audit Dubai. Alkazim is a fully certified and listed firm for this specific service.
Q3: What is the deadline for submitting a RERA audit?
For Jointly Owned Properties, the audit must be completed by March 31st of the following year. Developers have a deadline of March 31st for their Escrow Account Audits.
Q4: What happens if I don’t submit a RERA audit?
Failure to submit a timely RERA Audit in Dubai can result in significant fines, the freezing of your escrow account, and complications with renewing your business or project licenses.