Dubai, United Arab Emirates - The Dubai Real Estate Institute (DREI), the training arm of the Real Estate Regulatory Agency (RERA) and the Dubai Land Department (DLD), has signed a flagship agreement of cooperation with the National Association of Realtors (NAR)and agreed to bring the Certified International Property Specialist (CIPS) Institute to the GCC region for the first time ever.
The agreement goes in line with the Dubai Land Department's efforts to regulate the Dubai real estate market, develop professionalism and best practices among the city's real estate practitioners and ensure the best services for investors in Dubai.
Marwan Bin Ghalita, CEO of RERA said: "The agreement comes as a result of the efforts of the Dubai Land Department to develop a real estate environment that puts Dubai on the world map and makes it the ideal destination for international real estate brokers who would like to work in the region and would like to learn more about the laws and regulations governing real estate in this part of the world, all of which will help provide for a better service to the growing number of investors in Dubai's real estate market".
The agreement also aims to provide for knowledge exchange and joint training opportunities between DREI and NAR and will connect professionals belonging to both organizations on an international level.
DREI has teamed up with NAR to offer the CIPS designation in Dubai in September 2011. The only designation of its kind in real estate communities, CIPS is synonymous with advanced expertise, a global perspective and distinct understanding of a global buyer, and comes with powerful brand recognition with designees in nearly 40 countries.
By earning the CIPS designation, candidates align themselves with the best in the business and are inducted into a global network of international professionals which connects over 3,000 designees from the US, Latin America, Europe and Asia.
Mahmoud Al Burai, Managing Director of Dubai Real Estate Institute said: "The agreement with NAR provides Dubai real estate professionals with a chance to be internationally recognized and to learn how to stand out on a global level. This goes in line with RERA strategy to take the real estate sector in Dubai to the best international level and with DREI's commitment to deliver world class real estate education and training."
Jeff Hornberger, Director Global Alliances at the National Association of Realtors said: "We are pleased to be working in collaboration with the Dubai Real Estate Institute, Dubai being one of the world's major international real estate "hubs" in the global economy. This is a landmark moment in the 25 year history of the CIPS designation."
The CIPS designation programscheduled to be offered at DREIduring September 18 to 24, 2011will comprise 5 different modules: 2 introductory modules which provide an overview of the international business environment and global real estate transaction tools, and 3 regional modules which address real estate practices in Europe, Asia/Pacific region and the Middle East and Africa. Topics to be covered include government regulations, cultural influences, how to measure investment performance and prepare financial projections, networking and relationship building as well as marketing and selling practices.
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For more information on the CIPS designation or to register please contact DREI office at: +971 4 2030456 or e-mail admission@dre.ae.
© Press Release 2011
