Real Estate Accounting & Advisory Saudi Arabia
Specialist accounting, audit, Zakat, and financial advisory for Saudi Arabia's Real Estate sector — with deep knowledge of sector-specific regulations, ZATCA treatment, and Vision 2030 obligations.
Real Estate Financial Compliance in Saudi Arabia
Our Real Estate sector clients include residential developers, commercial property investors, REIT managers, real estate brokers, and property management companies. These businesses require financial advisors who understand not just general accounting standards, but the specific ZATCA treatment, sector regulatory requirements, and Vision 2030 compliance obligations that apply to their industry.
Saudi Arabia's real estate sector is undergoing a structural transformation under Vision 2030 — with residential supply targets, new mortgage regulations, REITs listed on Tadawul, and mega-developments like Diriyah Gate reshaping the market. The accounting and compliance requirements have become correspondingly complex:
- IFRS 15 for off-plan sales: Saudi real estate developers selling units off-plan must determine whether revenue is recognised at a point in time (handover) or over time (during construction). Most Saudi residential contracts transfer control at handover — meaning developers carry WIP on their balance sheet throughout the construction period. Incorrect revenue recognition inflates reported profits and understates ZATCA liability.
- Real Estate Transaction Tax (RETT): The 5% RETT on property transfers replaced VAT on real estate in 2020. First-home exemptions, corporate restructuring reliefs, and the interaction between RETT and VAT on mixed-use developments require careful navigation — RETT errors attract penalties of 25% plus the unpaid tax.
- IAS 40 investment property: Property held for rental income or capital appreciation is measured under IAS 40 — either cost model or fair value model. Fair value changes go through P&L, creating volatility that affects banking covenants and Zakat base calculations.
- REIT fund audit: Listed and unlisted REITs face CMA audit requirements with specific disclosure obligations, NAV calculation standards, and quarterly reporting timelines.
What We Deliver for Real Estate Businesses
Zakat & Tax Compliance
Sector-specific Zakat calculation, VAT treatment, WHT on service payments, transfer pricing documentation, and ZATCA audit support.
Statutory Audit
professionally qualified external audit with Real Estate sector knowledge — understanding the audit risks, regulatory requirements, and IFRS standards most relevant to your business.
Accounting & Financial Reporting
Industry-specific accounting, IFRS financial statements, management reporting with sector KPIs, and outsourced payroll (WPS/GOSI).
CFO & Strategic Advisory
Virtual CFO, financial projections, business valuation, M&A advisory, and Vision 2030 positioning — calibrated for Real Estate sector dynamics.
Need Real Estate Sector Expertise?
Free consultation with a specialist who knows your industry. Response within 1 hour during business hours.