Role of Chartered Accountants in Dubai's Real Estate Sector: Ensuring Financial Integrity
In the dynamic and fast-growing real estate sector of Dubai, ensuring financial integrity is paramount. Chartered Accountants play a crucial role in maintaining transparency, compliance, and financial stability within this thriving industry. Let's delve into the key responsibilities and contributions of Chartered Accountants in Dubai's real estate sector. Financial Due Diligence : Chartered Accountants are tasked with conducting thorough financial due diligence before any real estate transaction. This involves assessing the financial health of the parties involved, analyzing financial statements, and identifying potential risks or discrepancies that could impact the transaction. Compliance with Regulatory Requirements : Dubai's real estate sector is governed by various regulations and laws aimed at safeguarding investor interests and maintaining market integrity. Chartered Accountants ensure that all transactions comply with these regulatory requirements, including regist...