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- Dubai 05:26 06:44 12:11 15:09 17:32 18:50
Dubai Property College is set to act as a catalyst for harmonisation of professional standards and training across the regional real estate sector following an agreement with an Arab League-backed organisation.
The college, a member of the International Union for Property Education (IUPE), has extended its scope of operation with a formal tie-up with the Arab League-sponsored Arab Administrative Development Organisation (AADO).
Under the terms of the partnership, the Dubai-based college which is affiliated with the Land Department and its Real Estate Regulatory Agency (Rera), will spearhead a new initiative to spread real estate sector professional education and training throughout the region. Agreement to sign up to the partnership was reached this week
following a series of meeting between IUPE and AADO. The agreement was signed by Mahmoud El Burai, Director of the College, and Dr Rifhat Al Faoury, General Manager of AADO.
El Burai, who is also RERA Director for Real Estate Development, said: "This agreement marks a pivotal moment for region-wide cross border cooperation on real estate professional practice and training. It puts in place the foundation not merely for harmonisation of standards and practices but also for the creation of a real estate bloc with huge appeal and, significantly, credibility for investors from any part of the world.
"The aim is to get the professional practice right by making sure the training is available to a level which is aligned with best international practice. "Today marks the first step on that road which could take us to the region becoming one of the drivers of the global real estate sector.
"Dubai has opened the door and raised the bar for the region."
"The partnership is looking to a future where the regional real estate sector has a strong professional and knowledge base. Earlier initiatives, with the Land Department at its centre, have focused on building regional and international cooperation across a number of real estate specialist areas," he said.
The college, which saw some 5,000 students take its courses last year and is the only specialist real estate academy in the Arab world, is now positioned as the primary regional centre for real estate education and training.
Dr Al Faoury said: "The college is ideal for the role it has been given and accepted under the terms of our agreement. It is internationally recognised and has an excellent track record in providing education and training in its specialist field."
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