Professional Accounting For Real Estate in UAE

Are you looking for reliable real estate accounting services in UAE? As one of the leading accounting firms in Dubai, Oncount delivers structured, compliant, and scalable real estate accounting services tailored specifically for UAE businesses. Our professional accountants ensure your financial records remain accurate and up-to-date, helping you streamline operations while maintaining full compliance with UAE corporate tax regulations.

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Comprehensive Real Estate Accounting Solutions

We structure your financial system to ensure every dirham from developers, investors, or tenants is accurately reflected in your reporting. Escrow account management, service charge accounting, VAT on real estate transactions, and full transparency for RERA—everything is under our control. We provide meticulous project-based accounting, timely investor reports, and impeccable financial discipline.

What We Do:

Integration with Property Management and Project Accounting Systems

We establish a seamless link between your Property Management System (PMS), CRM, and accounting software.
We formulate an accounting policy that defines the revenue recognition procedures for sales, rental payments, and service charges.
We reconcile project costs, client receipts, and Escrow account data with bank statements and source documents.

Accounting Policy and RERA Compliance

We prepare a customized accounting policy (IFRS-compliant) tailored for developers, property management companies, or real estate agencies.
We develop regulations for managing service charges (via Mollak/Oqood systems) and rental income streams.
We ensure financial reporting transparency for regulators (RERA), banks, and investors.

Payroll and WPS

Construction and management companies often have large workforces with diverse incentive structures.
We manage the entire payroll process and ensure timely payments through the WPS (Wage Protection System).
We accurately calculate and accrue all social contributions and bonuses for both local and expatriate employees.

Real Estate Taxes and Fees

We ensure the correct calculation and payment of VAT on commercial properties and the first sale of residential properties from a developer.
We oversee the proper tax treatment of rental income and service charges.
We prepare and file VAT and Corporate Tax returns.
We monitor the tax portal and liaise with the FTA (Federal Tax Authority).

Control and Support

We maintain strict cost accounting for each construction project, from material procurement to contractor payments.
We train your staff on proper documentation for transactions and projects.
Monthly/Quarterly Closings: You receive comprehensive financial statements for each property, a cash flow statement, and a calculation of your tax liabilities.

Communication and Collaboration

Regular calls with our team to discuss project status and financial performance.
Ongoing support and prompt consultations on transaction tax matters and financial planning.

Oncount’s real estate accounting solutions are designed to ensure full compliance with UAE regulations while supporting operational efficiency. Our accounting and bookkeeping firm provides services mapped to the requirements of:

UAE Corporate Tax Law (Federal Decree-Law No. 47 of 2022)
UAE VAT Law (Federal Decree-Law No. 8 of 2017)
Dubai Land Department regulations and real estate regulatory requirements

Understanding the Difference Between Real Estate Accounting and Bookkeeping Services in UAE

While often confused, real estate accounting and bookkeeping services in UAE serve distinct yet complementary purposes:

Real estate accounting involves the accurate, chronological recording of financial transactions, maintaining updated chart of accounts, and organizing financial statements according to international financial reporting standards (IFRS).
Bookkeeping services encompass the interpretation of those records, preparation of financial reports, VAT compliance, and strategic advisory services for real estate business operations.

FTA guidance stipulates that all real estate companies must retain original financial records for at least seven years. Bookkeeping services ensure this base is reliably maintained; accounting services use it to generate VAT filing, corporate tax returns, and management reports. These services are essential for audit preparedness, financial transparency, and strategic growth planning in both mainland and free zone companies in UAE.

Core Financial Management Services

Our professional real estate accounting services in the UAE are structured to ensure full compliance with UAE real estate sector regulations, supporting both operational accuracy and financial reporting transparency:

Chart of accounts setup with IFRS-compliant accounting standards
Monthly VAT filing, periodic return filing, and transaction matching (FTA portal integration)
Corporate income tax computation and filing based on UAE tax calculation rules
Monthly financial statements, financial records, and audit-ready documentation
Accounts payable reconciliation and cash flow management

Advisory Services

These consultancy services help real estate companies maintain regulatory alignment while protecting against compliance risks and operational challenges:

Anti-money laundering laws compliance with FTA-linked systems
Escrow accounts registration for designated real estate firms
Financial data review for red flags and suspicious transaction reporting in line with UAE regulations

Reconstruction Services

Our real estate accounting company in UAE offers services designed to recover historical compliance, restore reporting accuracy, and prepare businesses for regulatory audits:

Reconstruction of missing or delayed financial records
Support for late corporate tax registration and voluntary disclosures
Documentation compilation for FTA audit queries and compliance reviews
Creating and maintaining financial information for previous periods

Business Setup and Corporate Support Services

In addition to real estate accounting, Oncount supports the full corporate lifecycle in the UAE, from company formation to regulatory upkeep, making us one of the best accounting and financial services firms in the region.

Company Formation & Banking

Business registration in free zone jurisdictions (DIFC, ADGM) and major mainland emirates (Dubai, Abu Dhabi)
Assistance with UAE corporate bank account setup, KYC preparation, and compliance documentation

License & Regulatory Maintenance

Trade license renewal reminders and coordination
Dubai Land Department registration for off-plan property validation
Ongoing support with VAT declarations and corporate tax notifications

Legal Real Estate Accounting Requirements in UAE: Why Accurate Financial Management is Crucial for Real Estate Companies in UAE

All real estate companies in UAE must maintain compliant financial records, regardless of size or legal structure. As per the UAE Corporate Tax Law (Federal Decree-Law No. 47 of 2022), records must reflect a true and fair view of financial performance. Services such as structured real estate accounting, tax filing, and financial statements preparation ensure businesses meet these legal obligations consistently and accurately.

Applicable Laws & Resolutions

UAE real estate accounting must comply with federal laws, administrative penalties, and FTA rules on taxation and recordkeeping:

UAE Corporate Tax Law (Federal Decree-Law No. 47 of 2022)
Cabinet Decision No. 116 of 2022 (Corporate Tax Executive Regulation)
FTA recordkeeping and VAT guidelines for real estate sector

Risk & Penalty Mitigation

Oncount helps reduce fines through timely filings, compliance checks, and accurate financial reporting:

Failure to maintain proper accounting practices may trigger fines of AED 10,000 to AED 50,000 under FTA penalties
Misclassification under free zone exemptions may invalidate corporate tax benefits
Our tools include audit readiness checklists, record backup protocols, and deadline monitoring to ensure penalty avoidance

Industry-Specific Real Estate Accounting Services

Our real estate accounting services are tailored to the operational and regulatory realities of each client sector, with in-depth knowledge of specific accounting and compliance demands:

Industry-Specific Expertise

Retail and eCommerce: Revenue recognition for property sales and rental income
Logistics/Trading: Warehouse and distribution center accounting
Professional Services: Property management and real estate brokerage accounting
IT/SaaS: Technology infrastructure and PropTech accounting solutions
Real Estate: Comprehensive accounting for real estate companies including developer accounting, property management, and investment accounting

Client Integration & Customization

Embedded accounting support (on-site or remote)
Custom dashboards showing KPIs, cash flow, profit margins, and ROI metrics
Preparation of investor presentations and bank-ready reporting packs
Streamline your financial management process with tailored solutions

About Oncount: Top Real Estate Accounting Firm in UAE

Oncount is a Dubai-based accounting and advisory services firm specializing in end-to-end financial compliance. With a focus on UAE corporate regulation, our services are built to align with both FTA mandates and international accounting standards. We support both mainland and free zone businesses by integrating local regulatory awareness with international accounting rigor.

8+ Years of Local Experience, 320+ Clients Served

Established in 2016, Oncount has served over 320 companies in the UAE, ranging from startups to multinational subsidiaries:

Services delivered in English, Arabic, and Russian to support UAE’s multilingual business community
Full adherence to FTA guidelines, UAE Cabinet Decisions, and IFRS reporting practices
Jurisdiction-specific expertise across Dubai, Abu Dhabi, and free zone licensing authorities

Clarity Over Routine: Professional Accountants and Consultants in UAE

Oncount prioritizes transparency, communication, and actionable insights over passive data entry. Each client is assigned a dedicated accounting manager with a defined escalation structure. Reports are delivered in investor-ready formats, supporting strategic planning and regulatory readiness. Our comprehensive services include:

Full bookkeeping and maintenance of financial records
VAT filing and corporate tax compliance
Monthly financial statements and advisory services
Escrow account management and property transaction processing
Anti-money laundering compliance and regulatory reporting
Financial analysis and complex revenue recognition
Structured monthly workflows with cutoff dates and SLA-based delivery
Communication via Zoom, WhatsApp, and secure email
Custom reporting templates for board meetings, lender reviews, and tax submissions

Why Choose Us for Real Estate Accounting Services in UAE

Oncount’s systems, personnel, and regulatory knowledge are designed for businesses that prioritize both compliance and clarity, making us one of the leading accounting and bookkeeping firms in UAE.

Quality Control Process

Our deliverables are executed through standardized review procedures to ensure precision, compliance, and audit-readiness across all financial operations:

Dual review of financial records for accuracy
Periodic reconciliation of bank statements, accounts payable, and cash flow balances
SOPs mapped to FTA and IFRS standards
Financial data verification and documentation

Legal and Technical Accuracy

Our solutions combine automation with regulatory insight, enabling error-free reporting and full alignment with UAE statutory requirements:

Use of certified accounting software (e.g., Zoho Books, Xero, QuickBooks UAE edition)
Full implementation of VAT-compliant, corporate tax-compliant, and IFRS-compliant workflows
Accounting system customized to your real estate business needs

Multilingual, Real-Time Support

Our support features include responsive communication and seamless access to financial data, ensuring clarity and speed in all client interactions:

Communication in four languages for cross-border teams
SLA-based ticket resolution for accounting adjustments
Instant access to monthly reports and audit documentation via cloud portal

Outsourcing Real Estate Accounting Services: The Smart Choice for UAE Businesses

When you handle your accounting activities through outsourcing your accounting services to professional accounting firms in UAE like Oncount, you gain:

Time to focus on core business growth initiatives
Cost-effectiveness compared to in-house accounting teams
Expert real estate accounting services and strategic financial guidance
Accurate and compliant accounting aligned with UAE requirements
Reduced risk of regulatory penalties
Up-to-date financial information insights for better business decisions

The challenges faced by the real estate companies in the UAE include complex revenue recognition, managing escrow accounts, and ensuring regulatory compliance. Our accounting solutions address these specific needs while providing accurate VAT calculations and detailed financial analysis.

If your company requires accurate, legally compliant, and fully customized real estate accounting services in UAE, Oncount offers unmatched regulatory alignment, industry experience, and responsive client support to meet the needs of all businesses in the UAE real estate market.

FAQ

About Real Estate Accounting Services in UAE

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What are the specific accounting requirements for real estate companies in UAE?

Real estate companies in UAE must maintain financial records according to IFRS standards, comply with VAT regulations, and prepare for corporate income tax obligations. Companies must also manage escrow accounts for off-plan properties and ensure proper revenue recognition for property sales and rental income.

How does VAT apply to real estate transactions in UAE?

VAT in UAE applies to most real estate transactions at 5%, with specific exemptions for residential property sales and long-term rentals. Real estate professionals must ensure accurate VAT calculations and timely filing to avoid penalties from the FTA.

What is the difference between in-house accounting and outsourcing accounting services for real estate firms?

Outsourcing accounting provides access to specialized expertise, reduces overhead costs, and ensures compliance with UAE regulations. In-house staff may lack the specific knowledge of real estate accounting complexities and international accounting standards required for proper financial management.

How do anti-money laundering laws affect real estate accounting in UAE?

Real estate companies must implement robust financial controls, maintain detailed transaction records, and report suspicious activities to regulatory authorities. Proper accounting practices help ensure compliance with anti-money laundering requirements and protect against regulatory penalties.

What accounting software is recommended for real estate companies in UAE?

We recommend accounting software that supports IFRS compliance, VAT calculations, and integration with FTA systems. Popular options include Zoho Books, Xero, and QuickBooks UAE edition, which provide features specifically designed for the UAE real estate sector.

How does the simple method vs. detailed method work for real estate accounting?

The simple method allows smaller real estate businesses to maintain basic financial records, while the detailed method requires comprehensive accounting practices including proper chart of accounts, regular financial analysis, and audit-ready documentation. Most real estate companies benefit from the detailed method for better financial management.

What are the key challenges in real estate accounting and how can they be addressed?

Key challenges include managing finance leases, handling complex revenue recognition for off-plan properties, maintaining accurate escrow account records, and ensuring smooth functioning of financial processes. Professional accounting services provide the expertise needed to address these challenges effectively while maintaining operational efficiency.

Let’s elevate your business

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+971 589 217 784

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info@oncount.com

Visit us

The One Tower — 15th floor, office 14
Sheikh Zayed Road — Dubai, United Arab Emirates

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