DLD & RERA Approved Mollak Audit Services
Mollak Audit Services in UAE for Service Charge & Owner Balance Verification
Accredited financial audit, budget approval, owner statement reconciliation, and RERA compliance support for management companies and jointly owned properties across the UAE.
✓ Law No. 6 of 2019 Aligned
✓ RERA Approved Financial Auditors
✓ Chartered Accountants (NUFCA)
Speak With Our Mollak & RERA Audit Specialists in UAE
Get immediate assistance on service charge budget audits, owner statement reconciliations, or legal balance verifications. Connect directly with our chartered accountants without filling forms.
NUF Chartered Accountants works directly with jointly owned properties, property management companies, and real estate stakeholders across UAE to fulfill their Mollak obligations — service charge budget audits, financial audits, owner balance verification, and the broader RERA compliance picture.
Mollak operates under the Dubai Land Department (DLD) and the Real Estate Regulatory Agency (RERA). Its objective is governance, transparency, and financial integrity in jointly owned properties. The system regulates management company registrations, service charge budget approvals, financial statement filings, invoice issuance, and regulatory bank accounts.
Our role sits on the financial and assurance side: preparing, auditing, reconciling, and verifying the financial records that enter Mollak and move through RERA approval.
Getting Mollak Submissions Right
The core expectation for management companies is clear: all data submitted to Mollak must be complete, mathematically reconciled, and supported by independent documentation.
Key Compliance Obligations Include:
Audit Rules for Jointly Owned Properties (Law No. 6 of 2019)
Financial reporting for jointly owned properties in Dubai is governed by Law No. 6 of 2019 Concerning Ownership of Jointly Owned Real Property. Substantive responsibilities rest with authorized Management Companies, with oversight from Owners Committees.
📊 Service Charge Budget Audits
Annual budgets must be built on verifiable cost estimates and audited by a RERA-approved firm before approval.
🏦 General vs Reserve Funds
General funds cover operating expenses, while reserve funds for capital replacement are accounted for and audited separately.
⚖️ Legal Recovery Verification
For legal recovery of outstanding fees, auditors tie Mollak payment notices to statements of account and audited receivables.
🔄 Bank & Ledger Reconciliation
Collections must sit in the regulatory bank account and reconcile 1:1 with owner ledgers and Mollak records.
21-Point Service Charge Verification Checklist
Every management company should review the following checkpoints before finalizing a budget or audit submission:
Our Mollak Audit & Compliance Scope in UAE
• Service Charge Budget Reviews: Line-by-line verification of budget lines against tender evaluations and contracts.
• Annual Final Account Audits: Independent financial audit of jointly owned property year-end statements.
• Mollak Data Reconciliations: Resolving discrepancies between internal property management software and Mollak.
• Owner Balance Verification for Legal Notices: Detailed auditing of unpaid service charges for legal notice execution.
• Reserve Fund Studies & Reviews: Evaluating capital reserves to ensure compliance with RERA guidelines.
Frequently Asked Questions
❓ What is the Mollak system in Dubai?
Mollak is a Dubai Land Department and RERA electronic platform that regulates jointly owned properties, service charge budget approvals, financial audit filings, and owner invoicing.
❓ Who approves service charges for jointly owned properties?
RERA approves service charge budgets once an accredited financial auditing firm completes the mandatory audit.
❓ How can an owner check an approved service charge?
Owners can check approved rates via the Dubai Land Department Service Charge Index by selecting the project, usage type, and financial year.
❓ What is the difference between general fund and reserve fund?
The general fund covers recurring operating costs (security, cleaning, maintenance), while the reserve fund is dedicated to capital replacements and major future repairs.
❓ Can NUF Chartered Accountants verify owner balances for legal notices?
Yes. We perform independent verification of owner statements, Mollak notices, and audited receivables to ensure full compliance for legal recovery proceedings.
Need Mollak Audit & Compliance Support in UAE?
NUFCA Head Office • 510, 5th Floor, Al Khaleej Centre, Bur Dubai, Dubai, UAE
Call 04 325 8361 / 055-9831923 or speak to our RERA audit specialists.
