Wealth Management by

Dubai Land Department head visits Dubai Real Estate Institute

February 16, 2014 4:17 pm

His Highness Sheikh Mohammed bin Khalifa Al Maktoum, Head of the Dubai Land Department (DLD), was presented with the achievements of Dubai Real Estate Institute (DREI), the educational arm of the department, during an inspection tour of the Institute.

Receiving His Highness was his Excellency Sultan Butti Bin Mejren, Director General of DLD, Juma Bin Humaidan, Deputy Director-General, Majida Ali Rashid, Assistant Director-General and the Director of DREI, Mahmoud Burai.

During his tour of the Institute, His Highness’s received a presentation about its strategy and the achievements it has reached at the local, regional and international level. He was also briefed about the expansion and spread of the Institute’s activities in the GCC and North Africa.

“The vision of the Institute is for it to be a world’s first reference in the deployment and sustainability of real estate knowledge,” said HE Sultan Butti Bin Mejren Director General DLD, commenting on the visit. “It aims to do this by contributing to the development of the real estate sector and to developing the skills of its workers, as well as educating investors, landlords and tenants on real estate matters,” he added.

Bin Mejren referred to the Institute’s plans to launch a master’s degree for graduate students, with a focus on key aspects, namely the real estate market, sustainable development and construction management. The degree programme will be offered in collaboration with the high-performing and renowned universities, with a plan for them to be available from January 2015.
Bin Mejren highlighted the achievements of the Institute since its inception, which included the training of more than 14,000 professionals in around 50 specialised real estate courses over 2012/2013. The Institute has received official accreditation to provide training courses in real estate for the UAE. Bin Mejren also discussed the Institute’s recent appointment as the only Middle East and North Africa member of a United Nation’s group established to formulate best practices in real estate. In recognition of its superior practices, the Institute occupies eighth place for excellence in real estate education, as classified by the American Association of Realtors, an organisation considered the largest gathering of global real estate stakeholders with more than one million members.

With education such a major component of the Institute’s activities, His Highness expressed his admiration for the first stage of the smart education initiative launched by the Institute. He listened to an explanation about the devices used and a discussion on the possibility of students from other countries participating interactively in the Institute’s courses without the need to physically attend its premises for tuition.

His Highness also articulated his appreciation for the ‘Know Your Real Estate Rights’ programme, which provides awareness for landlords and tenants and the real estate global outreach program that connects real estate professionals with their counterparts in different countries. He was also briefed on the Institute’s role in raising transparency in the real estate market in Dubai, as highlighted by the Jones Lang LaSalle index. He was informed that this key role was done by disseminating information and raising the level of professionalism and moral for workers in the real estate market and that this function had resulted in global leadership for the United Arab Emirates in real estate registration, with The World Bank, positioning DLD as being the fourth best in the world for ease of real estate and property registration.

Part of the visit involved His Highness attending the graduation of the Certified International Property Specialist scheme, whose latest batch brings the number of programme graduates to 150 experts from various countries in the Middle East and North Africa. The graduation ceremony was also held in the presence of Jeffrey Hernberg, Head of Foreign Relations at the American Association of Realtors, and Shawnee Henry, General Coordinator of the activities of the Association in Asia.

“The vision of the Institute in the deployment and sustainability of the knowledge of real estate was a translation of DLD’s vision to be a global real estate leader in attracting investments,” said Majida Ali Rashed, Assistant Director-General, DLD.

“The institute works to achieve this vision by the dissemination of real estate knowledge, which Dubai has accumulated from its rich experiences that are universally admired,” she added.

His Highness praised the efforts of the people working in the Institute and their achievements that he said constituted pride in the leadership and the people of the United Arab Emirates. He stated that the Institute played a pivotal role in representing the emirate internationally, adding that being part of the United Nations served as global recognition of the Dubai’s real estate importance and the need to lay the foundations for the future of the real estate sector.

He concluded by motivating the Institute to exert maximum efforts to disseminate knowledge of real estate in the Arab world, being the only institute in the region specialising in the field.