Real estate profession in UAE to benefit with education

designMENA speaks to Michael Waters, head lecturer in Real Estate, Heriot-Watt University’s Dubai campus.

The MSc programme in Real Estate Management and Development offers the essential learning components from the industry including property economics, valuation methodology, construction, investment analysis, international property law and property asset management, according to Waters.

Importance of the course

“The UAE has a significant opportunity to become a global leader in the property and construction profession; however, education is fundamental to this process. In an environment, which has seen such remarkable asset growth, training and adaptation of international practice standards, it will undeniably play a significant role in the second phase of market development,” he added.

The course covers the processes taking place within property transactions, development projects and investment funding. In addition, it encourages students to develop skills in recognising and adopting the relevant new trends in global property markets, such as sustainability and green values, as well as best practice and professionals integrity.

Waters said the course is important in the region and current economic climate, and added that improving valuation standards, managing real estate assets and increasing transparency of operations are all important to promote on-going professional practice. Such moves will see local and international confidence reinstated, retained and growing over the next 5-10 years.

Professional education for surveyors is also of importance, for the continuation and growth of the local real estate profession, according to Waters.

“The harmonisation of professional procedures worldwide, the opportunity to learn about other systems of global real estate practice and to benefit from that knowledge is surely a valuable experience,” he said.

At present, career prospects for qualified property practitioners are positive in the UAE’s market, with recent research by property recruitment firm MacDonald & Co. showing the average monthly salaries exceed AED38,000 per month.

Waters added: “Our graduates have a clear route to professional membership with the Royal Institution of Chartered Surveyors (RICS) accreditation– a mark of property professionalism worldwide.”

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3 Responses to Real estate profession in UAE to benefit with education

  1. khalid says:

    I’m really interested,but ministry of education will not accredit this master as I have diploma not Bsc
    moreover they told me that ur university is not accredited in UAE.
    would u please reassure me regarding my inquires

  2. Michael Waters says:

    Our degrees have always been accredited by the KHDA in Dubai to allow the identical degree in UK to be offered here. All graduates will receive a UK degree from our Head Campus. Unless you are working for public sector (government) then the MoE carries little weight. More importantly our degrees are global as is its accreditation with the RICS – our graduates work internationally and have a wide range of credible career options presented to them.

  3. Hozefa says:

    There is no accredition by the UAE Ministry of education for this course, KHDA is for schools not for professional educucation. Why would someone invest a couple of 60k for a degree whithout accredition.

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