Launch of region's first academic institute for real estate studies

This institute has been established to address the recent growth witnessed by the real estate sector in the UAE, and the region as a whole. It will also cater to the growing need for industry specific education in the region.

The Dubai Real Estate Institute will open in the forthcoming academic year, offering graduate, post graduate, executive programmes and short courses on real estate studies.

A board of directors has been established to drive the vision of the Dubai Real Estate Institute. The panel currently comprises three entities of Dubai Holding including Sama Dubai, Tatweer and Dubai Properties. Dubai World, Emaar, Emaar India, and Dubai Islamic Bank have signed on as its shareholders. The institute is seeking further partnership with leading real estate players across the region.

With the aim to increase the knowledge base of real estate professionals, the institute is finalizing plans with several international real estate universities to offer industry specific courses.

Addressing the real estate markets in the MENA region, Asia, Eastern Europe and Turkey, the modules on real estate fundamentals will include the study of real estate process, property development, principles of real estate evaluation, real estate finance, real estate banking, risk management, real estate law and value engineering.

Students will also acquire in depth knowledge in marketing, management and financing of real estate space, institutional context, economics of urbanization, historical pattern and structure of city growth, public policy issues regarding urban environment, and market analysis.

Industry specific courses will comprise architecture and history, international real estate, mixed use development, project management, governmental relations and computer applications in real estate analysis.