RERA Escrow Account Audit
The Real Estate Regulatory Agency (RERA) is the sub-authority of Dubai Land Department (DLD). As a commitment to achieve DLD’s vision to position Dubai as the world’s premier real estate destination and aligned with a framework of strategic objectives to plan and develop an integrated strategy to enhance the real estate industry in Dubai for investors worldwide.
RERA has implemented various measures including review of project trust account, audit of Jointly Owned Property, Interim Audit and Budget reviews etc.
Real Estate Developers are required to get their off plan project escrow accounts audited annually for each project under development by the independent RERA approved Auditor for the collection, sales and payment for off plan projects. NUF LEA affiliated firm along with ISO certified possess rich experience and tactful skills to analyse the project’s growth and its compliance with the applicable relevant laws. We have also assisted the Real Estate Regulatory Agency (RERA) in developing the reporting process of Escrow Accounts audits for off plan projects as we are associated with RERA for more than decade from the initial phase of Escrow Audit.
Our vast experience in dealing with pioneer property developers to medium and small size in the UAE, a cordial relationship with the RERA Trust Account department as well as the different Account Trustees, we are in a position to act as a consultant to developers to comply with RERA portal like TAS and OQOOD System to comply with RERA laws and regulation
Our team of RERA audit specialists having professional qualification are on their toes around the year to handhold developers in meeting compliance on TAS system and OQOOD Portal and has close association with RERA, so can handle exceptional and unusual issues that may come up during the assignments that may be unique to each project.
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