At Recordac, we specialize in providing comprehensive accounting and financial management services tailored specifically for the real estate industry in the UAE. Whether you are a property developer, real estate investor, construction firm, or facility management company, accounting for real estate we understand the complexities of your financial operations — from property valuation to project financing, lease accounting, and regulatory compliance.
Our team of certified accountants, auditors, and financial consultants ensures that every transaction, investment, and financial report is handled with precision and transparency, helping you focus on what truly matters — growing your real estate business.
Why Real Estate Companies in the UAE Need Specialized Accounting
The UAE real estate sector is one of the most dynamic in the world, driven by rapid urban development, foreign investment, and government-backed initiatives like Dubai Vision 2040 and Abu Dhabi Economic Vision 2030. However, this growth brings complex financial challenges:
- Managing multiple property portfolios
- Handling project-based accounting and cash flow tracking
- Complying with IFRS standards and UAE Corporate Tax regulations
- Navigating VAT on real estate transactions
- Monitoring lease revenues, asset depreciation, and capital gains
This is where Recordac steps in — offering end-to-end accounting solutions designed to meet the specific needs of real estate professionals in the UAE.
Our Real Estate Accounting Services
At Recordac, we provide customized accounting services that help real estate companies achieve financial clarity, compliance, and profitability.
1. Real Estate Bookkeeping and Financial Reporting
We maintain accurate and up-to-date financial records for all property-related transactions. Our team prepares monthly, quarterly, and annual reports to give you clear insights into your company’s financial health.
2. Property Development Accounting
For developers, we manage project cost tracking, progress billing, and revenue recognition in accordance with IFRS 15 and UAE financial laws. This ensures transparency from project initiation to completion.
3. Lease and Property Management Accounting
We streamline accounting for rental income, maintenance expenses, and tenant deposits, ensuring compliance with IFRS 16 (Leases). Our reports give landlords and managers real-time visibility over their assets.
4. VAT and Tax Compliance for Real Estate
We help you navigate UAE VAT laws, including treatment for commercial vs. residential properties, off-plan sales, and zero-rated transactions. Our experts also guide you through corporate tax registration, filing, and planning.
5. Real Estate Audit and Assurance
Our auditors provide independent verification of your accounts, ensuring compliance, detecting discrepancies, and strengthening investor confidence.
6. Financial Forecasting and Investment Analysis
We offer detailed cash flow forecasts, ROI evaluations, and property investment analysis to support data-driven decision-making.
7. Payroll and HR Accounting for Construction Firms
We manage payroll, staff benefits, and subcontractor payments in compliance with UAE Labour Law and WPS (Wage Protection System) requirements.
Why Choose Recordac for Your Real Estate Accounting Needs?
✅ Industry Expertise – Our accountants specialize in real estate, construction, and property management accounting.
✅ UAE Compliance – We ensure your books are aligned with UAE tax, VAT, and IFRS regulations.
✅ Technology-Driven – We use advanced accounting software like QuickBooks, Xero, and Zoho Books, integrated with your property management systems.
✅ Customized Solutions – Every real estate project is unique — we design our services to match your business structure and goals.
✅ Transparent Reporting – We deliver accurate, easy-to-understand financial statements and dashboards.
✅ Confidentiality & Trust – Your financial data is handled with the highest level of security and confidentiality.
Serving Real Estate Businesses Across the UAE
Recordac proudly serves clients across the Emirates — Dubai, Abu Dhabi, Sharjah, Ajman, Ras Al Khaimah, Fujairah, and Umm Al Quwain.
Our client portfolio includes:
- Property developers and contractors
- Real estate investment firms
- Property management companies
- Leasing and brokerage agencies
- Facility management providers
Whether you manage a single property or a large-scale real estate portfolio, we ensure your financial operations are accurate, compliant, and strategically aligned.
Partner with Recordac | Where Real Estate Meets Reliable Accounting
At Recordac, we combine deep industry expertise with cutting-edge accounting technology to empower your business with clarity and control. The success of your real estate venture depends on financial accuracy, compliance, and foresight.
Let’s simplify your financial management, optimize your tax strategy, and strengthen your profitability.
