Professional Accounting For Real Estate 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.

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

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

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

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.