Real Estate Business Management in Riyadh

Real Estate Business Management in Riyadh with RealMake gives owners and CFOs one live picture of profit, cash and receivables across projects and companies, from head offices in King Abdullah Financial District to sites in Al Narjis.

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Real Estate Business Management in Riyadh for group CFOs

200+ Real Estate Teams

What you get

One dashboard across every entity and project
Wafi escrow and Ejar rent in the same ledger
Board packs built from live figures, not exports

Real Estate Business Management in Riyadh for group CFOs

Riyadh is the Kingdom's largest property market, and many groups run several companies from one head office. A developer may hold land in Al Narjis, a tower in Al Olaya and a community near Diriyah, each in a separate legal entity with its own bank accounts. RealMake brings those entities into one business view, so the CFO can compare margin, cash in and cash out by project without waiting for month-end spreadsheets. Collections against payment plans, Wafi escrow balances and Ejar-registered rent all roll up to the same dashboard. Consultants fly in from Bengaluru for design workshops and go-live, and support runs remotely in hours that overlap your working week.

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What the owner sees each morning

Nine views RealMake opens for Riyadh leadership teams

Project profit tracking

Revenue booked, cost incurred and margin to date for each tower or community, compared with the approved feasibility study.

Daily cash position

Bank balances per entity, expected inflows from payment plans and committed outflows to contractors for the next ninety days.

Receivables ageing

Overdue instalments grouped by project, buyer and age band, with the responsible salesperson named for follow-up.

Escrow balances

Deposits held under Wafi rules tracked against construction milestones, so release requests match progress reported on site.

Approval chains

Discounts, payment-plan changes and contractor payments route to the right signatory, with limits set per entity and role.

Multi-entity consolidation

Holding, development and leasing companies post to their own books, then roll up into one group report with eliminations.

VAT and RETT

Output VAT at 15% on taxable sales and rent, plus Real Estate Transaction Tax at 5% on disposals, tracked per transaction.

Leasing income

Rent due, collected and overdue across Ejar-registered contracts, split by building so yield can be read asset by asset.

Channel and agent cost

Commission paid to FAL-licensed brokers and spend on Aqar listings, set against the bookings each channel produced.

Finance and operations on one record

In many Riyadh groups, sales runs one system, the construction team another, and finance rebuilds the truth in spreadsheets. RealMake removes that gap. A booking creates the payment schedule, each receipt updates receivables, and each contractor bill hits the project budget it belongs to. The CFO reads one number, not three versions of it.

Bookings create schedules automatically
Contractor bills tied to work packages
Receipts update ageing the same day
Budget versus actual per tower

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How a Riyadh rollout runs

Six stages from first workshop to a closed month

Discovery

We map your entities, projects, bank accounts and approval limits with the finance team.

Chart design

Accounts, cost centres and project codes are set so every report rolls up the way the board reads it.

Data load

Open bookings, instalment balances, contracts and leases move in and are reconciled to your ledger.

Workshops

Consultants fly in to Riyadh to train finance, sales and project controllers on their own data.

Parallel close

One month runs in both systems so the numbers can be checked line by line before the switch.

Support

Remote support from Bengaluru covers your working day, with a review after each quarter close.

Running a property business in Riyadh

Property groups in Riyadh answer to several authorities at once. REGA oversees the sector, and FAL licences cover brokers and advertisers. Off-plan projects sold under Wafi keep buyer money in escrow, and leases are registered on Ejar. ZATCA charges VAT at 15%, and FATOORA phase 2 wave 25 brings businesses with VAT-subject revenue above SAR 187,500 into integration by 1 February 2027. RealMake issues invoices with the QR code, cryptographic stamp and Arabic fields ZATCA requires, and keeps the 5% Real Estate Transaction Tax on disposals visible in each project's numbers.

FATOORA phase 2 clearance for B2B invoices

Wave 25 integration deadline of 1 February 2027

Wafi escrow tracked per off-plan project

FAL licence numbers stored per broker

Why Riyadh finance teams pick RealMake

RealMake was built around property work, so the owner's dashboard is not a bolt-on. It reads the same bookings, contracts and bills your teams already enter. Symake has delivered 200+ projects and sends consultants to Riyadh for the moments that need a room together.

✓ Live profit by project and entity

✓ Invoices with ZATCA Arabic fields

✓ Approvals with limits per role

✓ Escrow and payment-plan tracking

✓ English training on your own data

✓ Remote support in your working hours

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Built for Real Estate

Give your Riyadh board one set of numbers

Share your entity list and project count, and we will show RealMake running on a sample of your data.

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Frequently Asked Questions

Can RealMake consolidate several Riyadh companies into one group report?

Yes. Each company keeps its own ledger, bank accounts and VAT number. Group reports roll them up with intercompany entries removed, so the board sees one picture while each entity still files its own returns.

How does RealMake handle FATOORA phase 2 for a Riyadh developer?

Invoices are produced in UBL XML with the QR code and cryptographic stamp, cleared in real time for B2B buyers and reported within 24 hours when simplified. Each one carries the Arabic fields ZATCA requires.

We sell off-plan under Wafi. Can escrow be tracked separately?

Yes. Each off-plan project gets its own escrow account in the books. Buyer payments land there, and release requests are linked to construction milestones, so finance can show the trail during a review.

Does the dashboard update in real time or at month-end?

Most figures update as transactions are posted. A receipt entered at ten in the morning moves the receivables ageing and cash position straight away. Month-end adds accruals and allocations on top.

Is there a Symake office in Riyadh?

No. Symake delivers from Bengaluru, India. Consultants fly in to Riyadh for workshops, training and go-live, and daily support is remote. India's working day overlaps most of the Saudi Sunday to Thursday week.

Is training available in Arabic?

Your team is trained and supported in English. Tax invoices still carry the Arabic fields that ZATCA requires, so compliance does not depend on the language your team trains in.

Can we see margin for a single tower inside a larger community?

Yes. Projects can be split into phases, towers or plots, each with its own budget and revenue lines. Margin can then be read at the level you choose, from one tower up to the whole community.

How long does a typical implementation take?

It depends on how many entities and projects you run and how clean the opening balances are. We agree a plan after discovery, and the parallel month-end close usually sets the final date.