Audit and accounting for real estate developers and agents in Qatar
Thiqa Consulting provides audit, tax and accounting for real estate developers, property owners and agents in Qatar: the yearly audit, property and rental accounts, the corporate income tax return and feasibility and valuation work for new projects. We agree the scope, responsibilities and fee before work starts. Tell us about your properties and we suggest where to start.
- Property by propertyIncome and costs kept per building
- Fixed feeAgreed in writing before we start
- Lender-ready accountsAudited figures for banks and partners
- Clear guidanceWhat applies to you, and why
The Lusail City skyline seen from the sea off Qetaifan Island
What real estate companies usually deal with
Property businesses hold large assets for many years and earn from rent, sales or commissions. These are the issues that come up most in the sector.
Rent across many units
Leases, deposits, rent-free periods and arrears across many tenants need careful records.
Development costs
Land, design, construction and finance costs have to be gathered for each project before any unit is sold.
Sales before completion
Units sold off-plan raise questions about when the income can be recognised in the accounts.
How properties are valued
Whether a building is held at cost or at fair value changes the profit and the balance sheet.
New projects and partners
Banks and partners ask for feasibility studies, models and valuations before they commit.
Family and group ownership
Properties are often held through several companies owned by one family or group.
How we help a real estate company
Most property companies need the same few services. Start with whichever is most urgent.
- 1Accounting and bookkeepingBooks kept every month, with rent and costs recorded per property.View service
- 2External auditThe yearly audit, including how properties and sales are accounted for.View service
- 3Corporate income tax returnThe yearly corporate income tax return on Dhareeba.View service
- 4Feasibility studiesA feasibility study before a new development or purchase.View service
- 5Business valuationA valuation of a property company for a sale, a partner or a bank.View service
- 6IFRS advisory and conversionIFRS advice on investment property and sales before completion.View service
We agree each engagement separately. If we keep your books or prepare your accounts, a different firm must audit them. Audit work also depends on the registrations required for your company.
Held to rent, or held to sell
The same building can be accounted for in different ways. A property held to earn rent is treated differently from one being built to sell, and the choice between cost and fair value changes the figures each year.
We look at what each property is for and set up the accounts to match. That keeps the figures consistent from year to year, and it makes the audit and any bank or partner review simpler.
- A record for each property
- Rent, deposits and arrears tracked
- Development costs kept per project
- Accounts ready for the audit
How we work with a property company
- 1
A short first call
You tell us about the company and its properties. We tell you what applies.
- 2
Fixed fee in writing
A written proposal with what we do, what we need from you and the price.
- 3
Records by property
Rent, sales and costs kept per building through the year.
- 4
Audit and return on time
Year-end accounts, the audit and the tax return, planned together.
Get expert advice for your business
Tell us what you need. We reply with a written proposal covering the scope, the documents we need and the timeline.
Questions real estate companies ask us
Short answers. Open a question to read the answer.
Does a real estate company in Qatar need an audit?
Often, yes. The General Tax Authority’s rules require audited accounts with the tax return above set limits on capital and income, and banks and partners often ask for them too. For a property company, the audit focuses on how buildings are valued, when sales income is recognised and whether rent is complete, so valuation reports and lease records should be ready early. Tell us about your company and we confirm what applies.
Should our buildings be shown at cost or at fair value?
Under IAS 40, a company can measure property held to earn rent or for capital growth at cost or at fair value, and must apply the choice to all such property. Fair value needs regular valuations. Property built for sale follows different rules. We look at your properties and explain what each choice means for your accounts.
When is income from off-plan sales recognised?
Under IFRS 15 it depends on the sale contract: income is recognised either over time as the building is completed, or at the point the buyer takes control of the unit. The answer turns on the contract terms, so we review them with you before the accounts are prepared and the audit starts.
How are rent-free periods treated in the accounts?
Rental income is spread evenly over the lease term, including any rent-free months. Under IFRS 16, a landlord recognises income from operating leases on a straight-line basis, so a lease with three free months still shows income in those months and a receivable builds up. A clear lease schedule makes this easy to calculate and audit. We set it up with you.
Can you prepare a feasibility study for a new development?
Yes. We prepare feasibility studies and financial models for new developments and purchases, setting out costs, expected income, financing and cash flow. Tell us about the project and who will read the study, such as a bank or a partner, and we agree the scope and the fee in writing.
Tax answers checked against the General Tax Authority’s published texts on 13 October 2026. General Tax Authority
Other industries and companies we work with
Tell us what you need. We reply with a written proposal.
You get the scope, the papers we need and the time it takes.
- 1You send your details by WhatsApp or email.
- 2We read them and ask anything we need to know.
- 3You get a written proposal: scope, papers and timing.