Preparing the accounting requirements for the project-licence application with the Real Estate General Authority.
Regulated real-estate services
Financial Oversight for Off-Plan Sales and Leasing Projects (WAFI)
Structured accounting support for off-plan sales and leasing projects, from preparing accounting requirements and escrow-account requests through reporting and account closure, within the engagement scope and after the relevant qualification and licensing requirements are verified.
Regulatory source: Real Estate General Authority — WAFI off-plan sales and leasing programme.
View the official sourceLast reviewed: 5 October 2026
Qualification and licence details: completed after verification and before engagement.
Service scope
Structured accounting support throughout the project cycle
The procedures, records, and deliverables are defined in the engagement letter in line with the project stage and the Authority’s requirements in force.
Monitoring the escrow account: deposits, expenditure, and disbursement requests.
Reviewing and reconciling escrow-account disbursement requests to supporting records and the engineering consultant’s reports.
Preparing the project’s periodic accounting reports required by the Authority.
Reviewing the project accounts and preparing the final report when the escrow account is closed.
Who benefits?
For real-estate development projects and their stakeholders
01
Real-estate developers operating off-plan sales or leasing projects.
02
Developers applying to license a new project.
03
Owners and partners in real-estate development projects.
Professional notice
The scope of work is determined in the engagement letter according to the Real Estate General Authority’s requirements in force at the time of contracting.
Discuss your project requirements before the accounting process begins
Start a professional conversation to identify the project stage, records available, and engagement requirements that fit the assignment.
Talk to an Expert