Real estate activities · leases and units as cost centres

A vacant unit nobody notices costs you more than a late tenant

Two losses keep repeating in property management: a lease ends and the unit sits empty for weeks with no marketing, and a rent payment runs months late with no formal claim. Furat makes every unit a cost centre with its revenue, maintenance costs and net return, and ties every lease to a payment schedule and an expiry alert ahead of time.

Quick answer

What's the best property and real estate management software in Saudi Arabia?

The right property management software must give you five things: leases with a payment schedule and an expiry alert, invoices issued automatically on time, every unit a cost centre with its net return, collection follow-up with receivables ageing for every tenant, and ZATCA-compliant invoices. Furat brings them together in Arabic; the package starts at SAR 179 a month before VAT, live in two to four days.

Last updated: 21 September 2026

SAR 179the real estate package a month — before VAT
Unit = cost centrea net return for every unit
2–4 daysto be fully live
Lease expiry alertas far ahead as you choose
Why a system matters here

Why doesn't general accounting work for a property portfolio?

Because your revenue is tied to a fixed asset and a date. A lease starts and ends, payments fall due on set dates, maintenance is spent on one particular unit, and vacancy is a loss that shows up in no expense line. A general system sees rent collected and maintenance added up, and so hides a unit whose maintenance eats half its rent. The right system measures the unit, the lease and the date.

A lease with a payment schedule

Every payment has a due date, an automatic tax invoice and an alert ahead of time, so nothing due is forgotten.

A unit with its net return

A unit's revenue against its maintenance, fees and vacancy, so you know the real return, not the gross.

An alert before expiry

Advance notice that a lease is ending, to start renewing or marketing before the unit falls vacant.

Benefits

What Furat adds in real estate activities

Six capabilities built around property management, development and brokerage in the Kingdom.

A portfolio of properties and units

Buildings and units with numbers, location, area and occupancy status, and every transaction posted to its unit.

Leases and payments

A lease with a term, a value, a payment schedule, VAT and service charges, with invoices issued on time.

Collection and receivables ageing

Late tenants ranked by amount and age, with reminder messages on a fixed schedule and a documented record.

Maintenance and work orders

A maintenance request becomes a work order whose cost is posted to the unit, so no expense is charged to the wrong place.

Occupancy and vacancy report

Occupancy rates for every building and the vacancy built up, with its financial impact in riyals, not words.

Development projects as cost centres

A development project with its budget, spend and contractors' payments, kept apart from the rental portfolio.

Risks and losses

How does Furat protect you from losses and risks?

Five losses that keep recurring in real estate, and where the system stops each one with a control, not personal judgement.

Real estate risks and the matching controls in Furat — updated 21 September 2026
RiskHow it happens in practiceThe control in Furat
A contract that ends without renewalNobody owns the end dateAn expiry alert and a task for an owner as long before the date as you choose
A late payment nobody chasesFollow-up depends on people rememberingReceivables ageing and automatic reminders with a documented record
Maintenance spent but never charged to a unitA workshop invoice posted to a general expenseEvery maintenance order is posted to its unit and compared with its revenue
Vacancy nobody measuresAn empty unit doesn't show in the reportsA vacancy report with the duration and the value lost for every unit
A tenant's deposit loses its trailMoney received and never separated from revenueThe deposit is a separate liability, not revenue — refunded or deducted with a document

In real estate, one month of vacancy in a unit costs more than a year of small collection delays. The difference is seeing the date before it arrives.

Get your portfolio under control
Before you decide

Six points that settle the decision for a property management office

Written in advance, so you can compare them with any provider before you sign.

E-signature for contracts

Leases and renewal addenda are signed from a phone with an audit trail and a timestamp, so they close the same day.

An owner and tenant portal

Owners see their statements and tenants their invoices for themselves, so calls and repeated requests drop.

Reports fit for the owner and the bank

Owner statements, financial statements and portfolio returns that your auditor and the bank accept, with every figure backed by its document.

Tax compliance is our job

Every invoice is issued ZATCA-compliant and connected to the FATOORA platform, and every regulatory update reaches your account with no upgrade fee.

Your data stays in the Kingdom, and it is yours

Hosting inside Saudi Arabia, daily backups, and a full export available any time at no charge — your data is never held as leverage over you.

Migration and training at no cost

We move your balances, items and customers from Excel or your current system for free, and train your team remotely in Arabic until your first successful month-end close.

The real estate package starts at SAR 179 a month before VAT and includes accounting, contracts, invoicing and cost centres; add e-signature and maintenance orders when you need them.

Compare plans

The start plan: from your portfolio to your first rent invoicing cycle

  1. Day 1A chart of accounts and your portfolioA chart of accounts, buildings and units with their numbers, lease types, VAT and permissions.
  2. Day 2Migrate leases and balancesWe enter your tenants' leases with their terms, payment schedules, deposits and overdue balances from Excel for free.
  3. Day 3Training management and financeTwo remote sessions in Arabic: a lease and its payment schedule, a maintenance order, and a collection claim.
  4. Days 3–4Your first invoicing cycleWe issue the invoices for payments due and review the units' returns and the vacancy report with your account specialist.

Questions property management offices ask

How does Furat manage leases and their payments?

Every lease has a term, a value, a payment schedule, a deposit and service charges. The invoice for each payment is issued automatically on its due date, ZATCA-compliant, and the tenant is notified; the system alerts you as far ahead of the lease ending as you choose, to start renewing or marketing.

Does the system work out the return of each unit separately?

Yes. Every unit is a cost centre that carries its rent, fees, maintenance costs and time vacant. The system gives the net return for every unit, every building and the whole portfolio, so you know which unit is losing a large share of its rent to maintenance before you renew its lease.

How is late rent followed up?

With receivables ageing that ranks tenants by amount and age, reminder messages sent on a fixed schedule before and after the due date, and a documented record of claims for every tenant. If you escalate, you have a complete record of the claims and their dates that can serve as evidence for legal action.

How long does it take to get Furat running at a property management office?

Two to four working days. We set up the chart of accounts and enter your buildings and units, migrate your tenants' leases with their terms, payment schedules and balances from Excel for free, train management and finance remotely in Arabic, then issue your first rent invoicing cycle with you.

Read also: Contracts & e-signature · Tax invoicing · Accounting · All industries · Pricing & plans

Enter one building's details, and see it running, unit by unit

Try it on part of your own portfolio and work out each unit's return — 14 days free, no bank card.