Emaar properties chairman Mohamed Alabbar 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 professionals in the real estate sector.
The centre of excellence, fully funded by Alabbar, will provide comprehensive training and educational programmes through an integrated approach that covers theoretical and practical training by drawing on real-world case studies.
He said: "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 per cent of the country's GDP.
"The institute will be a world-class training centre that covers all aspects of project development and management. It is a humble effort to give back to the nation and the community for the never-ending support that the private sector has received from the government.
“The centre aims to further elevate the UAE's competitiveness globally by nurturing and developing a talent pool of highly skilled real estate professionals, who will take the nation's growth to the next level."
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.
Alabbar will personally identify the case studies based on his experience in delivering world-class projects developed by Emaar .
The institute will also target all real estate professionals from across the region including those who work in property development companies and financial entities. It will place a special focus on entrepreneurs as well as professionals from regulatory and governmental entities active in real estate and infrastructure development.
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.
Alabbar added: "It is important to prepare them 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."