Real estate accounting.
Built for UAE property.

The first supply of a new residential building is zero-rated, subsequent residential sales and leases are exempt, and commercial property is taxed at the standard 5% rate. Mixed-use buildings need the treatment applied line by line, which also affects how much input VAT a property business can recover. Our VAT compliance work for property companies covers exactly this analysis.

Under IFRS 15, off-plan revenue is recognised either over time as the project progresses or at a point in time on handover, depending on the contract terms and the developer’s enforceable right to payment. It is usually the biggest accounting judgement on a developer’s books, and one we document with audit-ready workings as part of our financial statements service.

Service-charge accounting keeps owners’ contributions, budgets and spending for a jointly owned property in separate, auditable ledgers, distinct from the management company’s own books. RERA escrow discipline and Owners’-Committee reporting sit alongside it. We run service-charge ledgers and reporting as part of our bookkeeping work for property managers.

Yes — rental income earned by a UAE company forms part of its taxable income and is taxed at 9% above AED 375,000, with 0% below that level. The position can differ for individuals holding property personally, so ownership structure matters. Our Corporate Tax service computes taxable income for property holdings, including any free-zone analysis.