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Auditing Services

RERA Audit

Dubai’s real estate regulator has its own audit regime: service charge funds, escrow accounts and developer reporting all face RERA-specific requirements. We audit to them.

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The Real Estate Regulatory Agency imposes audit requirements distinct from a normal financial audit: jointly owned property service charges must be audited before budgets are approved, developer escrow accounts face mandated reviews, and management companies must account to owners under Dubai’s jointly owned property framework.

Taxspire delivers RERA engagements with partners experienced in the regulator’s formats and the Mollak system: service charge fund audits for owners associations and management entities, escrow account reviews for developers, and the supporting schedules RERA expects. Real estate accounting has its own logic — reserve funds, cost allocation between owners, project-based escrow — and we work in it daily.

Who it’s for

Who needs this

Owners association management companies with service charge audits due
Developers with escrow account audit and reporting obligations
Property management firms accounting to owners under JOP law
Investors and owner committees seeking independent review of charges
Challenges

Problems this solves

Service charge budgets blocked pending audited accounts
Escrow reporting queries from RERA or the account trustee
Owner disputes over how service charges were spent
Auditors unfamiliar with Mollak and RERA formats causing rework
Our scope

What Taxspire provides

01

Service charge fund audits in RERA-required formats

02

Developer escrow account audit and reporting support

03

Reserve fund and cost-allocation reviews

04

Mollak-compatible schedules and submissions

05

Independent reviews for owner committees

The process

How it works

Step 01

Scoping

Project, fund and reporting obligations confirmed against RERA requirements.

Step 02

Records review

Service charge or escrow records examined and reconciled.

Step 03

Audit

Fieldwork completed with licensed partners to the regulator’s format.

Step 04

Submission

Reports delivered for RERA, trustees and owners as required.

What we’ll need from you

Project and fund financial records
Mollak reports and prior submissions
Escrow account statements and trustee correspondence
Service charge budgets and owner communications
Management agreements

Expected timeline

Service charge audits typically run 3–5 weeks per fund depending on record quality; escrow reviews follow the trustee and RERA calendar. Book ahead of budget season.

Timelines depend on document readiness and authority processing; we confirm a schedule before work begins.

Why us

Why choose Taxspire

Clear advice, no jargon

Every recommendation comes in plain language with the reasoning attached — you decide from understanding, not trust alone.

Responsive communication

A named team, a direct line, and answers within one business day. You will never chase us for your own numbers.

Experienced specialists

A 50-person team across tax, accounting, audit and compliance — depth in each discipline, one point of contact for you.

Reliable turnaround

Deadlines are planned backwards with margin. Filings go in before due dates, not on them.

FAQ

Frequently asked questions

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