Real Estate Auditing

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MHM Accounting

MHM is one of the top auditing firms in UAE, providing a wide range of auditing services for Relators. Real estate in UAE is one of the most important industries, attracting many investors to invest and reside in it. Therefore, to ensure the sustainability and growth of the real estate industry, there was a set of structures, regulations and technologies applied to govern the industry of real estate to be aligned with the global market. Majority of successful real estate project in UAE was audited by consultants or lawyers to overcome the challenges and speed up registration.

What are the benefits of real estate auditing?

Compliance With RERA regulations.
Accurate Financial And Accounting Reports.
Building Trust And Transparency Among All The Stakeholders.
More Credibility For Bank Loans.

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MHM Accounting

Real Estate
AAuditing Services

Service Charges Budget Review

As per RERA regulations, its mandatory to review the service charge budget to align your service charge figures with the industry standards and RERA guidelines. Our auditors will ensure that the budgeted expenses and allocations are reasonable and in line with industry standards.

Escrow Account Audit

MHM Strata auditors will help you to build trust and transparency among the investors and increase project credibility by giving a clear picture to RERA about the development progress.

Financial Statements For Owner’s Association

MHM will provide you with a comprehensive financial statement about your expenses, revenues, funds usage, equity, cashflow and balance sheet.

Real Estate Audit

As part of owner’s association services we provide real estate financial, operational and compliance audits.

Project Completion Analysis

Our team of experts will help you identify the completion status of your development project and areas of shortages to be recovered according to the applicable rules and regulations.

Internal Audit

MHM will assist you to get an insight into your business financial situation, identify risk areas and recover risk mitigation or elimination solutions.

MHM Accounting

Frequently Asked Questions

Below you'll find answers to the questions we get asked the most , and Got a question? We're here to answer! If you don't see your question here, drop us a line on our Contact Page.

What is RERA audit?

As the main regulator for real estate activities in Dubai, RERA requires all developers registered with RERA to have an ESCROW account and conduct an independent audit to identify the completion status of the project to submit annual audit report for all completed projects.

What is the periodical timeline for RERA audit?

As per the regulations of RERA, the real estate businesses are required to get their real estate audit performed annually for every project under development.

What is the difference between internal and external audit?

Internal audit examines issues that are related to risks and business practices, whereas external audit examines financial records of a business and an external auditor issues expert opinion from the financial report assessment.

What is IFRS?

International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board.