Real Estate Accounting Saudi Arabia
Specialist accounting for Saudi real estate developers, property managers, and investors — IFRS 15, RETT compliance, project costing, and rental income accounting.
Saudi Arabia's real estate sector — spanning residential developers, commercial property investors, hospitality groups, and housing societies — has some of the most complex accounting requirements in any industry. IFRS 15 revenue recognition for off-plan sales, IAS 40 investment property fair value, RETT compliance, IFRS 16 lease accounting for property managers, and the interaction between RETT and VAT all require specialist knowledge that general accountants often lack.
Intelli Solutions provides dedicated real estate accounting services with deep knowledge of Saudi Arabia's property regulations, RETT rules, and IFRS standards most relevant to the sector.
Real Estate Accounting Complexities We Handle
IFRS 15 — Off-Plan Revenue
Revenue recognition for off-plan property sales — determining whether to recognise revenue over time (during construction) or at a point in time (handover) based on contract terms.
IAS 40 — Investment Property
Fair value accounting for rental properties — coordinating with independent valuers, processing fair value gains/losses, and managing the deferred tax implications.
RETT Compliance
RETT calculation and ZATCA filing for all property transfers — first-home exemptions, corporate restructuring reliefs, and RETT vs VAT interaction analysis.
Project Cost Accounting
Cost accumulation by development phase, WIP accounting, cost-to-complete estimates, and project profitability reporting for residential and commercial developments.
Real Estate Accounting Saudi Arabia — Key Facts
Frequently Asked Questions
Other Accounting & Financial Services
Real Estate Business in Saudi Arabia?
Specialist real estate accounting with IFRS 15, RETT, and IAS 40 expertise. Free initial assessment.