The Dubai Real Estate Institute (DREI) on Tuesday announced it has teamed up with one of Australia's leading universities to offer a Master's degree in real estate tailored to the UAE market.
The initiative from the Real Estate Regulatory Agency (RERA) is aimed at developing a new generation of better qualified professionals to operate in the post-downturn property market.
Graduates from the course which will be run by Bond University will enter a sector that has been hardest hit by the impact of the global economic crisis with house prices in parts of Dubai falling more than 50 percent.
Mahmoud El Burai, RERA's director of real estate and DREI's director of training, said: "This is a strategic move with the long term objective of adding a new tier of professionalism at the top of the Dubai real estate sector."
He added: "The Dubai market is rapidly maturing and the comparison now is with the most advanced sections of the global real estate sector. The skills levels throughout must reflect this new reality."
The Master degree in real estate has a strong focus on the local market and targets local real estate practitioners who are eager to improve their knowledge, skills and practices to excel in the industry.
The DREI Master degree is offered over three semesters with course subjects including the fundamentals of real estate, economics of real estate, real estate finance and investment, real estate marketing, and property management.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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