Audit & Assurance

Real Estate Audit (RERA Audit ) in Dubai

The RERA (Real Estate Regulatory Authority) of UAE requires the audit of the projects registered with them in the UAE and for the same purpose, RERA has approved only 25 auditors in the UAE who are eligible to perform the real estate audit.The Real Estate Regulatory Agency (“RERA”) was established in Dubai, UAE in the year 2007, is a government agency that formulates, regulates, manages and licenses various real estates related activities in Dubai.Real Estate Developers and Jointly Owned Property Managers are required to get their project escrow accounts, financial accounts and service charge budgets audited annually for each ongoing project.The step is part of RERA’s strategy to boost the adoption of good governance measures for the real estate sector and enhance transparency, thus strengthening investors’ confidence in the real estate sector.Our expert team at Alya Auditors is well versed in ensuring compliance with stipulated RERA audit regulations and operation of Escrow Trust Account, Jointly Owned Property & Developer’s progress status, and has extensive experience of conducting audits as required by RERA.

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Audit Services

Our auditing services include

Internal Audit

A comprehensive and thorough examination of an organization or one of its components.

Statutory Audit

A legally required check of the accuracy of a company’s financial statements and records.

VAT Audit

A formal examination by an approved Tax Agent of your VAT ledgers, sales & purchase ledgers and trial-balance reconciliation.

Due Diligence Audit

A detailed review of a company’s financial records, typically ahead of a merger, acquisition or investment.

Forensic Audit

Carried out at management’s request to detect or mitigate the chances of fraud or misappropriation of funds.

Information System Audit

Ensures your systems provide accurate information to users and that unauthorized parties cannot access private data.

Why Audit

Why an annual audit matters

Fraud Prevention

An audit helps eliminate inconsistencies that might lead to fraud, evaluating accounts against proper accounting standards.

Reliable Account Statements

We ensure your business operates within FTA and authority guidelines, then provide a thorough risk assessment.

Improve Weaker Areas

A capable auditor keeps your business a step ahead, with advice that improves overall efficiency.

Free Up Business Resources

With solutions tailored to your needs, we help you fully maximize your internal audit function.

How We Work

Our audit procedure

01
01

Requirement Analysis

We identify the right auditing service for you and, depending on your industry, select the audit cycles to implement and prepare an accurate quotation.

02
02

Detail Collection

After approval, we collect the information required — typically financial data such as credit/debit notes, invoices and purchases for a statutory audit.

03
03

Planning & Structuring

A tailor-made plan based on your needs; Alya applies its own efficient techniques for a precise audit.

04
04

Audit Report Preparation

We review each report against UAE federal law and merge them into one before presenting to the board and shareholders.

05
05

Post-Audit Support & Follow-up

The report gives a complete picture of your company. If you need help making changes, we remain available.

FAQ

Frequently asked questions

Is an annual audit mandatory in the UAE?

Yes. Most UAE companies — mainland and free-zone — must submit annual audited financial statements to the relevant authority.

Are you approved auditors in the UAE?

Yes — Alya Auditors is an approved auditor across DMCC, DIFC, IFZA and other UAE free zones.

What happens if audited reports are not submitted?

Failure to submit audit reports may lead to penalties, licence-renewal issues, or compliance risks.

Why hire professional auditors?

Professional auditors ensure accuracy, compliance, risk identification and improved financial transparency.

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