Real Estate Trust Account Audit (RERA)

Real Estate Trust Account Audit (RERA)

A Real Estate Trust Account Audit (RERA) is a specialized audit of real estate developers, brokers, and property management companies’ trust accounts, conducted to ensure compliance with Dubai’s Real Estate Regulatory Agency (RERA) regulations. The audit verifies that client funds held in trust accounts are accurately recorded, safeguarded, and used only for authorized purposes.

Key Points:

Reviews the accuracy and completeness of trust account records.

Ensures proper segregation and usage of client funds.

Confirms compliance with RERA regulations and UAE real estate laws.

Identifies discrepancies, mismanagement, or potential fraud.

Purpose:

The audit helps organizations maintain transparency, protect clients’ funds, and comply with RERA regulatory requirements, enhancing trust and credibility in real estate operations.