The Dubai Real Estate Institute (DREI), the educational arm of Dubai Land Department (LD), will start offering its Certified International Property Specialist Program next April, which is being offered for the first time in the GCC region to enable real estate professionals to join a global network of international certified experts and deal with an increasingly globalized property environment.
The program will be offered as part of the strategic partnership between DREI and the National Association of Realtors (NAR).
“We are introducing the program for the second year running after the remarkable success achieved by the Property Specialist Program last year, and in light of the huge demand by realtors and their willingness to achieve the Certified International Property Specialist status,” says Mahmoud Al Burai, managing director of DREI.
He further explains that the program will commence next April for English language and in May for Arabic language, pointing out the uniqueness of the certification in the sector, being an equivalent of highly prominent experience and a result of global perspective and distinctive understanding of the needs of international buyers. The certification is widely acknowledged in about 40 countries.
Al Burai adds that the history of the Certified International Property Specialist program dates back to more than 25 years when National Association of Realtors USA started this designation. Dubai Real estate Institute leveraged the leadership of Dubai in the property sector through the program, which will be discussing real estate markets in light of the global economy and in comparison with the US and European markets. The program will also involve discussion of the Asia Pacific real estate sector, in addition to highlighting the sector in the Middle East, Africa and the international projects.
Through the introduction of the program, DREI aims at enhancing standards and realtor’s skills by implementing and teaching international best practices and linking regional professionals with their international peers to benefit and exchange expertise and collaborate in promoting properties to international customers, Al Burai notes.
In a tough time where the world witnesses several economic crises that affect regional economies, we need to understand global markets and their impact on our market, which means that this course would offer a great opportunity for a better understanding of the structure of international markets and the social, economic and political factors that influence them.
To that end, Ms. Hind Al Marri, head of realtors’ skills development department, says, “The Certified International Property Specialist program will be introduced at the Dubai Real Estate Institute from April 15th to 19th noting that registration can be completed via the email.”
The Certified International Property Specialist program will provide an overview of the overall work environment in the global real estate sector, covering capital flows, currencies, government regulations and cultures. The five-day course will encompass three main aspects, namely the business knowledge, confidence building to serve international markets, qualification of foreign customers. The power of relationships as a business strategy will be showcased within the best international practices.
For this year, the program will highlight the real estate sector in the Middle East and Africa, as well as international properties, both being considered as highly developed sectors, as they attract and export international real estate investments while enjoying excellent growth potentials. Professionals working in the real estate sector can learn more about these regions through the course, which provides them with the key skills and basic knowledge to facilitate international real estate transactions.