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Mohamed Alabbar has revealed plans to establish the region’s first not-for-profit real estate educational institute. The Emaar Properties founder and chairman will personally fund the centre of excellence, which will provide comprehensive educational programmes through an integrated approach covering theoretical and practical training.
“Over the past two decades, the UAE property market has developed an international reputation for investment opportunities, [and] the sector now accounts for nearly 20 per cent of the country’s GDP,” said Alabbar. “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 Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, who has been instrumental in driving the growth of the nation through groundbreaking policies that encourage investment and growth.”
Alabbar will conduct lectures on a range of specialised topics, aiming to mentor a new generation of professionals. Visiting professors from renowned worldwide universities will also serve as lecturers at the institute.
“The institute will be a world-class training centre that covers all aspects of project development and management,” said Alabbar. “It is a humble effort to give back to the nation and the community for the support that the private sector has received from the government.”
When he entered the real estate sector, Alabbar said he did not have ample expertise, but now has a keen understanding of the sector across global markets. “I believe it’s imperative to share my experience gained over the past 20 years, particularly in building globally renowned icons, with the next generation.
“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.”
Alabbar will identify case studies based on his experience at Emaar. The institute will target real estate professionals in the region, including those who work at property developers and financial entities. It places a special focus on entrepreneurs and professionals from regulatory/governmental entities.
Source: Property Weekly