Real Estate ERP in Lusail

Real Estate ERP in Lusail lets developers of new towers and waterfront phases run accounts by project and phase, control consultant and contractor spend, and reconcile each project bank account from the first land payment onward.

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Phase accounting with Real Estate ERP in Lusail

200+ Real Estate Teams

What you get

Costs and receipts posted by each phase
A dedicated bank account for each project
Reconciliation run per account, not per group

Phase accounting with Real Estate ERP in Lusail

Lusail is a planned city, and many of its projects are being built in stages: a first tower on Lusail Marina, a block of residences in Fox Hills, a later phase on Qetaifan Island North. Because Lusail is one of the designated areas where non-Qataris can buy, developers deal with buyers from many countries and need clean receipts by unit and phase. RealMake ERP posts each receipt and each cost to its phase, keeps a dedicated bank account per project, and reconciles both. Consultants fly in from Bengaluru for key workshops, and remote support follows.

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Nine parts of a Lusail developer's back office

Set up for staged towers, islands and boulevard blocks

Phase ledgers

Every cost and receipt is tagged to the phase it belongs to, so each stage shows its own result.

Land cost

Plot payments and related fees are recorded as land cost and spread across phases using agreed keys.

Consultant fees

Design and supervision fees are tracked against their appointments, with stage payments tied to deliverables.

Contract register

Main contracts and direct packages list scope, value, variations, retention and payment terms.

Purchase control

Owner purchases are requested, approved and ordered against the phase budget before any commitment.

Buyer receipts

Installments from buyers post to the unit and phase and reconcile against the project bank account.

Project accounts

Each project bank account shows receipts, payments and balance, matched line by line to the statement.

Close by phase

Month-end accruals and reviews run per phase, so a new stage never waits for older ones to close.

Change history

Every edit to a posted entry is stored with the user and time, giving auditors a complete trail.

Starting a new Lusail phase with clean books

A new phase in Lusail usually begins with land cost, consultant fees and mobilization advances, long before the first unit is sold. RealMake ERP opens the phase as its own cost structure with a budget, so early spend is not mixed with older stages. As contracts are awarded, commitments build up; as buyers pay, receipts land in the project account. Finance can report on the phase from its very first entry.

Phase opened with its own budget
Early fees and advances kept separate
Commitments grow as contracts are awarded
Phase reports from the very first entry

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How Lusail developers go live on RealMake ERP

Six stages, starting with the phase you are building now

Portfolio map

We list projects, phases, companies and bank accounts across your Lusail holdings.

Cost model

Land allocation keys, cost codes and budget lines are agreed with finance and the project team.

Opening books

Spend to date, open contracts and buyer receipts are loaded and agreed to bank records.

First phase

The active phase runs live first, so the team learns on work it already knows well.

Rollout

Remaining phases and companies join once the first one has closed a clean month.

Ongoing help

Symake supports users remotely on Qatar working days, with visits planned for major changes.

A property back office for Lusail

Lusail is on the list of designated areas where non-Qataris may own property, and a dedicated one-stop service center in Lusail handles their purchases. Aqarat regulates the wider property sector. For the finance team, this means buyer records must carry nationality and ownership details for audit. Qatar has no VAT in force yet and no dates for its approved e-invoicing law. RealMake ERP is ready to add VAT when Qatar introduces it, without changing your chart of accounts.

Ownership details held on buyer records

QAR ledgers for every project company

VAT ready for when Qatar introduces it

No chart changes needed when tax arrives

What Lusail project teams gain from RealMake ERP

New cities reward developers who keep phase finances clear from the start. RealMake ERP was designed for staged development, with land, fees, contracts and receipts all tied to phases. Symake has delivered 200+ projects and runs every rollout with consultants from Bengaluru.

✓ Phase-level budgets and results

✓ Land cost spread by agreed keys

✓ Consultant fees tied to deliverables

✓ Bank reconciliation per project

✓ Clean audit trail for every phase

✓ Ready for future tax rules

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What Lusail project teams gain from RealMake ERP

Built for Real Estate

Open your next Lusail phase on RealMake ERP

Send the budget for your current phase, and we will show it running in the system with your own cost codes.

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Frequently Asked Questions

Can RealMake ERP split land cost across Lusail phases?

Yes. Land and related fees are recorded once, then allocated to phases using keys you agree, such as saleable area or plot share. If the keys change later, the reallocation is logged.

Do buyer records support non-Qatari ownership details?

Yes. Each buyer record holds nationality, ownership type and the documents your auditors ask for, which helps Lusail developers show that sales follow the designated-area rules.

Is VAT switched on yet for Lusail projects?

No, because Qatar has not introduced VAT yet. The tax engine is in place and switched off. When a law takes effect, codes can be enabled for new invoices without touching past entries.

How do you track design and supervision fees?

Each consultant appointment is recorded with its fee and stages. Stage payments are approved against deliverables, and the remaining fee for each appointment is always visible.

Can each phase close its month on its own?

Yes. Accruals, reconciliations and reviews are tracked per phase, so finance can sign off a finished stage while a newer one on Qetaifan Island North is still being reviewed.

Where is Symake based?

Symake is headquartered in Mahadevapura, Bengaluru, India, and has no office in Qatar. Consultants fly in for workshops and go-live, and support is remote during Qatar working hours.

Can we load spend that happened before go-live?

Yes. Spend to date per phase, open contracts and receipts already banked are imported as opening data and agreed to bank records, so phase reports include the full history.

How are mobilization advances shown?

The advance sits on the contractor's account as a balance to recover. Each certificate deducts its share, and the phase report shows how much advance is still outstanding.