Mohamed Alabbar, the founder and chairman of Dubai’s Emaar Properties, is to set up a not-for-profit institute aimed at providing high-level training for senior managers and professionals working in real estate.
The institute will offer programmes that will cover both theoretical and practical study of the property market and will draw on case studies from around the world.
The centre will be entirely funded by Mr Alabbar, who says that he wants to put his own knowledge and experience of developing the UAE’s property market by mentoring a new generation of leaders for the industry. The institute will also accommodate visiting professors from some of the world’s top universities and from experts who have worked in the industry around the world.
It will offer short-term training courses during the first phase, covering a range of different disciplines including design, masterplanning, financial viability, marketing, managing customer relationships, and operations courses for shopping malls and hospitality businesses.
Mr Alabbar said that the UAE’s property market had developed an international reputation for investment opportunity and accounts for almost 20 per cent of the country’s GDP.
“The centre aims to further elevate the UAE’s competitiveness globally by nurturing and developing a talent pool of highly skilled real estate professionals,” he said.
“I believe that it is imperative to share my experience, gained over the past 20 years, particularly in building globally renowned icons, with the next generation.”
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