GNcareers, from Gulf News

Emaar chairman to set up realty institute

Emaar chairman, Mohammad Al Abbar, has confirmed plans for a not-for-profit institute for the real estate sector in the UAE. The mandate is to develop a ''talented pool'' of senior managers and professionals for the sector. It will be wholly funded by Al Abbar, Emaar said in statement on Thursday.

''The institute will be a world-class training centre that covers all aspects of project development and management,'' said Al Abbar.

''It is important to prepare them for the new era of growth in the UAE, in which the 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.''

In the first phase, the institute will offer short-term training covering a spectrum of real estate development practices.

In addition to visiting professors from overseas universities as well as successful practitioners from within the property sector, Al Abbar will also be conducting lectures on select topics.

The curriculum will include:

• Design: Specialised short-term courses on the design aspects of real estate projects.

• Masterplan development: Dedicated to large-scale master plan, 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.

• Malls: Courses about development, management, operations of malls and retail centres.

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Source: Staff Report,