Dubai Real Estate Institute takes off

Dubai Real Estate Institute (DREI) has opened recently to be the first academic institute offering real estate studies in the Middle East region. The first batch constitutes of 37 professionals for the graduate diploma course in Real Estate Management. For the first time, the six-month diploma is available to real estate professionals in Dubai and the Middle East at large.

The inaugural module with the afore-mentioned diploma is a collaborative effort between the Dubai Real Estate Institute and the Royal Institute of Technology (KTH) of Sweden. The latter is a renowned university in the field of real estate studies in Europe. The partnership with KTH has given Dubai Real Estate Institute a sense of exclusivity and credibility in the region. The first batch students of Dubai real Estate Institute come from prominent real estate companies such as Nakheel, Dubai Islamic Bank, Sama Dubai and Dubai Properties.

Diploma in Real Estate Management offered at the Dubai Real Estate Institute covers the following aspects:

• Basic quantitative aspect of business in real estate

• Economic aspect of business in real estate

Prof. Han-Suck Song and Prof. Samuel Azasu will be taking care of the first module. Both are leading faculty members from the Royal Institute of Technology, Sweden. All in all, there will be five modules that will include:

• Real Estate Principles

• Economics and Quantitative Methods

• Real Estate Valuation

• Real Estate Investment Analysis

• Real Estate Management

Real estate projects in the GCC countries exceed a staggering amount of 1 trillion US dollars at present. At this critical juncture, the coming up of Dubai Real Estate Institute will prove to be a boon for the industry. The institute aims at delivering competitive and high quality training and research programmes in real estate studies.

The initial target of Dubai Real Estate Institute was to include 30 professionals in the first batch but due to a high demand, the number was increased to 37 this year. The next batch will commence in October 2008.

The diploma will equip real estate professionals with knowledge, skills and analytical abilities practically required in this dynamic industry.