Farahat & Co.
Info CheckedProperty Accountants & Tax Advisors
Deira, Dubai
About
Farahat & Co. was founded in 1985 and has served over 28,000 clients across the GCC. The firm is a member of LEA Global (the 2nd largest global firm network) and holds ISO 9001:2015 certification, Ministry of Finance approval, and DIFC-approved auditor and liquidator status.
Property-Related Tax Services
- UAE Corporate Tax advisory for real estate companies
- VAT on commercial and residential real estate — with dedicated expertise on property-specific VAT rules
- Business valuation (DCF, market multiples, asset-based) for property companies
- FTA registration and compliance
- Forensic accounting for property disputes
- Audit and assurance for real estate developers
Key Strengths
Farahat & Co. offers dedicated content and expertise on VAT for commercial and residential real estate in the UAE — distinguishing between zero-rated new builds, exempt residential resales, and taxable commercial property. As a DIFC-approved auditor, they also serve free zone property companies. Their 28,000+ client base demonstrates broad market trust.
Sources
Services Offered
Key services Farahat & Co. provides for property accountants & tax advisors clients in Dubai:
Why Choose Farahat & Co.
- Founded in Dubai in 1985 — one of the longest-established audit and accounting firms in the UAE.
- RERA-compliant strata and owners association audits covering master-community and building service-charge funds, balance sheets, and cash-flow statements.
- Ministry of Economy-approved auditors and FTA-registered tax agents for statutory audit, VAT, and Corporate Tax matters.
- ISO 9001:2015 certified and a member of LEA Global, delivering work aligned with IFRS and ISA standards.
- Full-service across UAE jurisdictions — Dubai mainland, DIFC, DMCC, JAFZA, Abu Dhabi, Sharjah, and major free zones.
- DIFC-approved liquidator for company dissolution and insolvency engagements.
How Farahat & Co. Works
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1
Request a quote
Contact the firm by phone, WhatsApp, or the online enquiry form to outline your audit, tax, or accounting requirement.
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2
Scoping and engagement
The firm reviews your entity type and jurisdiction (mainland, free zone, or DIFC) and confirms the scope and engagement terms.
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3
Fieldwork and review
Ministry-approved auditors conduct the audit or advisory work in line with IFRS, ISA, and the relevant RERA or FTA requirements.
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4
Reporting and filing
You receive the audited financial statements, tax filing, or compliance report, with support for any regulator submission.
Business Profile
Hours and pricing may change — confirm directly with the business before engaging.
Licenses & Certifications
Licenses and certifications are subject to renewal. Verify current status with the issuing authority before engagement.
Frequently Asked Questions
Do you audit owners' association and service-charge accounts?
Yes. Farahat & Co. provides RERA-compliant strata and owners association audits, covering service-charge amounts received from master-community and building administration, balance sheets, cash-flow statements, and sources and uses of funds.
Does UAE Corporate Tax apply to property investors and businesses?
As a general UAE rule, Corporate Tax (9%, effective for financial years from June 2023) applies to qualifying business profits, including many property businesses and free-zone entities. The firm provides Corporate Tax registration, filing, and transfer-pricing services; your specific liability should be assessed case by case.
Do I pay VAT when buying or leasing property in the UAE?
As a general UAE rule, the first supply of new residential property is zero-rated and subsequent residential leasing is exempt, while commercial property is standard-rated at 5%. Farahat & Co. advises on VAT registration, filing, and compliance for property transactions.
Is Farahat & Co. a Ministry-approved auditor?
Yes. The firm states it is approved by the UAE Ministry of Economy and is ISO 9001:2015 certified. Always verify current approval status with the relevant authority before engaging.
Do you handle audits for real estate developers?
Yes. The firm offers real estate audits for developers, including escrow account audits, alongside external, internal, forensic, and due-diligence audits.
Can you help with company liquidation in the UAE?
Yes. Farahat & Co. provides company liquidation, involuntary liquidation, and insolvency services, and is noted as an approved liquidator with DIFC.
Which UAE jurisdictions do you cover?
The firm serves clients across Dubai mainland, DIFC, DMCC, JAFZA, Abu Dhabi, Sharjah, and major UAE free zones.
Location
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