Real Estate ERP in Riyadh

Real Estate ERP in Riyadh for groups that hold each project in a separate company. RealMake ERP keeps books by entity, project and phase, posts inter-company charges once, and gives the CFO a consolidated close without re-keyed spreadsheets.

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Real Estate ERP in Riyadh for KAFD, Al Malqa and Riyadh Front

200+ Real Estate Teams

What you get

Separate books per company, project and phase
Head office costs recharged by a rule you set
Consolidation that strips inter-company balances

Real Estate ERP in Riyadh for KAFD, Al Malqa and Riyadh Front

A Riyadh group may own one special purpose company for a tower in King Abdullah Financial District, another for villas in Al Malqa and a third for a mixed-use plot near Riyadh Front. Each needs its own books, VAT number and bank accounts, yet the head office pays consultants and shared staff for all of them. RealMake ERP records those shared costs once and raises the matching inter-company entries, so every company carries its share. Construction budgets sit under each phase, with awarded contracts counted as commitments before any invoice arrives. At group level, finance consolidates the entities and removes inter-company balances in a few steps.

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Nine finance blocks for a Riyadh group

Each one posts to the same chart of accounts

Entity structure

Set up holding, project and service companies with their own VAT numbers, bank accounts and fiscal calendars under one login.

Inter-company billing

Recharge management fees, shared staff and consultants from head office to each project company, with entries posted on both sides.

Phase budgets

Load the approved budget by cost code for every phase and compare it monthly with commitments, actuals and forecast cost to complete.

Contract register

Record main contracts and subcontracts with value, advance, retention terms and variations, so committed cost stays current.

Progress certificates

Enter each interim certificate, deduct advance recovery and retention, and pass the net amount to payables once the engineer approves.

Purchase approvals

Route purchase requests through limits set by amount and project, then turn approved requests into purchase orders.

Escrow ledger

Keep Wafi project accounts apart from operating cash and match each statement line to receipts and approved withdrawals.

Fixed asset register

Capitalize head office fit-out, vehicles and equipment, run monthly depreciation and record transfers between group companies.

Close calendar

Assign month-end tasks by entity, lock posted periods and keep a dated trail of every journal and approval.

One close for every Riyadh company in the group

Large Riyadh developers often finish month-end entity by entity in separate files, then merge them for the board. RealMake ERP closes all companies on one calendar. Inter-company charges already agree on both sides, project costs carry their cost codes, and escrow balances are reconciled before the period locks. The consolidated view is ready when the last entity signs off, not a week later.

Inter-company balances agree before close
Period locks per entity with approvals
Escrow reconciled ahead of month-end
Consolidated trial balance on request

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How a Riyadh group moves onto the ERP

Six steps run from Bengaluru, with workshops in Riyadh

Entity mapping

We list every company, project and bank account and agree cost codes in a Riyadh workshop.

Chart design

Finance signs off one chart of accounts with project, phase and entity dimensions.

Opening balances

Trial balances, open contracts and retention held are loaded and tied back to audited figures.

Approval rules

Purchase, certificate and payment limits are set to match your delegation of authority.

Training

Consultants fly in to train accountants, quantity surveyors and buyers in English on live data.

Parallel close

One month is closed in both systems before the old ledgers are retired.

A property back office for Riyadh

Saudi VAT at 15% is filed with ZATCA, and FATOORA phase 2 is reaching smaller taxpayers in waves. ZATCA wave 25 reaches firms whose VAT-subject revenue passed SAR 187,500 in any year from 2022 to 2025, and they must integrate by 1 February 2027. RealMake issues UBL XML invoices with the cryptographic stamp and QR code, clears B2B invoices in real time and reports simplified ones within 24 hours. Every invoice carries the Arabic fields ZATCA asks for. Off-plan collections follow REGA's Wafi rules, and the 5% Real Estate Transaction Tax on disposals is booked against each sale.

FATOORA phase 2 clearance and 24-hour reporting

Wave 25 integration planned before 1 February 2027

Wafi project accounts held apart from operating cash

Transaction tax on disposals booked per sale

What Riyadh finance teams get from RealMake ERP

Symake has delivered 200+ projects from its Bengaluru base. For Riyadh clients the build happens there, consultants fly in for workshops and go-live, and remote support runs in hours that overlap your Sunday to Thursday week.

✓ Books by entity, project and phase

✓ Retention and advances tracked per contract

✓ Cost to complete refreshed monthly

✓ ZATCA phase 2 invoice output

✓ Training and support in English

✓ Data moved from your current ledgers

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What Riyadh finance teams get from RealMake ERP

200+ Projects Delivered

Plan your Riyadh group's back office with Symake

Send us your entity list and one project budget, and we will show both running in RealMake ERP.

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Frequently Asked Questions

Can RealMake ERP keep a separate company for each Riyadh project?

Yes. Each project company gets its own ledger, VAT number, bank accounts and document numbering. Group reports roll the companies up, and inter-company balances are eliminated when you consolidate for the board.

How are head office costs shared across project companies?

You set allocation rules by built-up area, budget or a fixed split. The ERP posts the recharge in head office and the matching cost in each project company, so both sides agree at month-end.

Will our Riyadh entities meet the wave 25 FATOORA deadline?

If VAT-subject revenue went above SAR 187,500 in any year from 2022 to 2025, integration is due by 1 February 2027. We plan onboarding around that date and test clearance before go-live.

How are withdrawals from a Wafi account recorded?

Each withdrawal is linked to approved works and the certificate behind it. The account is reconciled to the bank statement line by line, so the balance on screen matches what your auditor sees.

What happens when a contractor submits an interim certificate?

The quantity surveyor enters the approved amount, the ERP deducts advance recovery and retention under the contract terms, and the net figure moves to payables after approval.

Where do your consultants work during a Riyadh rollout?

Workshops, training and go-live take place in Riyadh with consultants who fly in from Bengaluru. Configuration, testing and later support are remote. Symake keeps no office in the Kingdom.

Can we bring over existing ledgers and open contracts?

Yes. We import opening balances, open purchase orders, contract values, retention held and unpaid certificates from spreadsheets or your current system, then reconcile them before the first close.

Are the screens in Arabic?

The ERP screens, training and support all run in English. Tax invoices and receipts include the Arabic fields that ZATCA requires, so documents sent to Saudi buyers and vendors stay compliant.