Al Saadi & Associates Auditing are pleased to offer you our professional services which provide all kinds of reports which related to the rules of Real Estate Regulatory Agency.
Audit reports will be accepted by RERA unless it is issued through a registered firm in RERA. We are registered auditors at RERA since 2000, and actually at the 3rd rank at the list of auditors. We have a wide range of clients who have been entrusting their accounts with us for many years.
MOLLAK System Budget Review
The new Mollak system is designed to complement the provisions of law no. (27) of 2007 concerning jointly owned property declarations (JOPD) in the emirate of Dubai and its regulations.
MOLLAK is developed specifically to assist real estate stakeholders, including property developers, owners, investors, Owners Associations and Association Managers to comply with all RERA registration and management requirements. Dubai has been pioneering the world with its design and pace of real estate growth and master community developments over the past decade and MOLLAK shall continue this pioneering spirit by providing a unique online system to create ease and transparency in the real estate sector.
As approved effective partners together with RERA, Al Saadi & Associates Auditing perform budget review conforming with applicable legislation underlies by UAE government, DLD Law No. (7) Of 2013 and Law No. (9) 2009.
Service Charge Audit
The Service Charge and Maintenance Index is updated directly via an e-link with ‘Mollak,’ a system that has been developed specifically to assist property developers and owners associations in complying with all RERA registration and management requirements. The information is derived through audits carried out by RERA on service charges and maintenance fees before the owners associations and developers claim the charges from the property owners.
Through access to the link via the DLD website, the user can receive answers about maintenance and service charges to be paid for a particular project. The system, which has recently been introduced onto the website, is easy to use, with the user asked to choose the project area from the list of given areas and then enter the type of project and its year to receive information on the applicable fees.
Escrow Account Audit
Real Estate Developers are required to get their project escrow accounts audited annually for each project under development. Al Saadi & Associates Auditing’s rich experience in Project Trust account audits, and legal compliances, in line with guidelines prescribed by RERA, goes a long way.
With our experience in dealing with major property developers in the UAE, a cordial relationship with the RERA Trust Account department as well as the Account Trustees, we are in a position to act as a consultant to developers to comply with RERA regulations. We have a team dedicated to Project trust account audits, available year-round to provide advice to developers on compliances required by RERA.
Our relationship with RERA permits us to obtain prompt clarification on any unforeseen complications or amendments to the RERA guidelines.