Mohamed Alabbar, founder and chairman of Emaar Properties PJSC, has unveiled plans for the region’s first not-for-profit real estate educational institute to provide world-class training for developing a talented pool of senior managers and professional s in the real estate sector.
The centre of excellence, fully funded by Alabbar, will provide comprehensive training and educational programmes through an integrated approach covering theoretical and practical training by drawing on real-world case studies.
Through this institure Alabbar seeks to put his knowledge and extensive experience to the service of the UAE, especially in the real estate sector by mentoring the new generation of professionals. In addition to visiting professors from the world’s most renowned universities as well as several highly successful personalities who have proved their competencies in the property sector, Alabbar will personally conduct lectures on a wide range of specialised topics.
“Over the last two decades, the UAE’s property market has developed an international reputation for investment opportunities with the sector now accounting for nearly 20% of the country’s GDP. This institute is a token of my gratitude and appreciation to the UAE and its leadership for ensuring a remarkable growth environment that promotes private sector enterprise. It also complements the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, who has been instrumental in driving the growth of the nation through ground-breaking policies that encourage investment and growth, especially in the private sector,” says Alabbar
“It is important to prepare the next generation for the new era of growth in the UAE, in which the property sector will have a central role in driving all-round infrastructure growth. By sharing our skills, experience and know-how, we want to prepare and enable professionals to execute to global standards that will add to the nation’s civic pride.”
Aspiring to embrace new ideas in a regional context, the institute will carefully structure its curriculum to cover all aspects of real estate development and management. In the first phase, the institute will offer short-term training courses covering a wide spectrum of real estate development practices including sectors such as residential and commercial real estate, retail & malls and hospitality projects.
Design: Specialised short-term courses on the design aspects of real estate projects, especially aesthetics, sustainable design and modern architecture
Masterplan Development: Dedicated to large-scale masterplan, challenges associated with it and steps to overcome them
Financial Viability: Courses that tackle the practical aspects of a project’s financial viability, funding options and valuation
Marketing: Courses that focus on brand development and marketing
Customer Relation Management: Courses on the importance of listening to customers and customer service management
Hospitality: Courses that span all aspects of development, asset management, operations in the hospitality sector
Shopping Malls: Courses about development, management, operations of malls and retail centres