How to Manage Rental Income and Service Charges Accounting in Dubai
Dubai’s thriving real estate market has positioned the city as a hotspot for property investors and landlords. From residential apartments to commercial towers, managing properties in Dubai offers attractive returns. However, these returns come with a responsibility — accurate accounting for rental income and service charges. This blog explores how landlords, property managers, and real estate investors can streamline their accounting practices with the help of professional accounting services in Dubai . 1. What Is Rental Income and Why It Matters Rental income is the payment received by landlords for leasing their property. In Dubai, this typically includes: Monthly or quarterly rent from tenants Advance rent payments Additional income from parking, furnishings, or amenities Proper accounting for rental income is essential not only for financial tracking but also for compliance with UAE Corporate Tax and VAT regulations. 2. The Role of Accounting Services in Dubai With ever-...