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At BookTact we don’t just count bricks – We Build Profit. From Land Acquisition to Final Handover — Your Books, Balanced. Compliant. Profitable.
Specialized real estate accounting outsourcing for developers, property managers, and REITs in Dubai. We handle IFRS 16, VAT, escrow, JOPCA, RERA — so you focus on build, lease, and grow.
Why Real Estate Needs Specialized Accounting in Dubai?
| Challenge | Our Solution |
|---|---|
| Escrow & Oqood Compliance | 100% RERA/DED audit-ready |
| Joint Ownership (JOPCA) | Unit-wise cost allocation |
| VAT on Sales/Leases | Input recovery optimization |
| Project Costing | WIP tracking, percentage completion |
| Investor Reporting | SPV-level P&L in 48 hrs |
Our End-to-End Real Estate Accounting Services
| Service Module | What We Deliver | Dubai-Specific Compliance |
|---|---|---|
| 1. Project Accounting (Developers) | • Land + construction cost ledger • BoQ vs actual variance • Percentage of Completion (POC) revenue recognition • CAPEX vs OPEX classification |
IFRS 16 |
| 2. Property Management Accounting | • Tenant ledger (security deposits, rent roll) • Service charge reconciliation (JOPCA) • CAM recovery & pass-through • Vacancy & arrears reporting |
RERA Strata Law |
| 3. Escrow & Investor Management | • Escrow bank reconciliation • Milestone payment tracking • Investor distribution (dividends, ROI) • SPV consolidation |
DLD Escrow Rules |
| 4. VAT & Tax Compliance | • 5% VAT on commercial sales/leases • Input VAT apportionment (mixed-use) • Reverse charge on imports • ICV & ESR filing |
TRA Portal |
| 5. Payroll & Owner’s Draw | • WPS-compliant payroll for site staff • Owner/partner profit draw • Gratuity provisioning |
MOL |
| 6. Financial Reporting & Audit Support | • Monthly P&L per project/property • Balance sheet with CWIP • Cash flow forecast (12 months) • Audit file (PDF + Excel) |
ICAEW/CPA ready |
| 7. Tech & Automation | • Yardi / MRI / AppFolio integration • Bank feeds (auto-recon) • Power BI dashboards (occupancy, yield, NOI) |
API-linked |
Dubai Real Estate Accounting Add-Ons
| Add-On | Benefit |
|---|---|
| RERA Service Charge Audit | AED 5K/project – avoid penalties |
| DLD Escrow Reconciliation | Monthly health check |
| Investor Portal | Real-time ROI dashboard |
| Off-Plan Sales Accounting | Oqood + SPA tracking |
| Fit-Out Cost Capitalization | Tenant improvement ledger |
Our 5-Step Real Estate Accounting Process
- Onboarding: Chart of Accounts (RERA-compliant)
- Data Migration: From Excel/Yardi to cloud
- Daily Bookkeeping: Bank, tenant, vendor sync
- Monthly Close: P&L, BS, escrow report by 5th
- Review Call: CFO-level insights (yield, cash gap)
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