Mohammed bin Rashid issues a law regarding the Dubai Real Estate Institute

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Dubai: «The Gulf»
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the Kingdom of Jordan, in his capacity as Ruler of Dubai, issued Law No. 5 of 2020 regarding the Dubai Real Estate Institute, which aims to develop the capabilities of workers in the real estate sector to enhance its competitiveness and sustain its growth, Qualifying the national cadres to practice real estate activities in a highly efficient and professional manner, and spreading real estate knowledge, in order to raise awareness in real estate affairs among all groups dealing in this sector, and to establish a culture of innovation and creativity, to keep pace with changes and oversee the future of the real estate sector in Dubai.
The provisions of this law apply to the Dubai Real Estate Institute, established by Law No. (13) for the year 2012 as a public institution, with legal personality and legal capacity necessary to conduct business and behaviors that ensure the achievement of its goals, to be attached to the Department of Land and Property in Dubai.

The terms of reference of the institute

The law defines the powers and powers of the Dubai Real Estate Institute in support of achieving its goals. These powers and powers include: Encouraging citizens to increase their participation in various real estate activities,
Qualifying and developing their skills, preparing and implementing various real estate training programs to qualify workers in the real estate market, whether at the local, regional or international level, from developers and real estate brokers, and other real estate practitioners, according to the best international standards and practices in this regard, and organizing seminars and workshops Real estate conferences, which aim to discuss issues related to the real estate market, and propose strategies and appropriate solutions for them, as well as developing and implementing awareness and training programs in coordination with the authorities concerned with the real estate sector in the emirate, especially in the field of rights and duties of parties involved in this sector, and building a real estate economy with initiatives and plans It supports the continuity of education, the development of skills, and the increase in the competitiveness of the real estate sector.

Qualification certificates

The Institute undertakes, in accordance with the law, to issue and grant qualification certificates for real estate activities practitioners and real estate service providers, and to provide consultations related to the training needs of specialized real estate cadres, with a view to qualifying and developing their competencies and practical skills, and the formation of work teams and real estate groups, comprising persons with expertise in various real estate specialties To provide opinion and advice on the issues presented to the institute, to prepare and publish real estate research and studies, to cooperate with local, regional and international universities and institutes to enhance real estate knowledge and to provide training programs that serve the sustainable development of the real estate sector in the Emirate of Dubai.
The Dubai Real Estate Institute also specializes in participating in local, regional and international real estate conferences, joining regional and international real estate associations and organizations, with the aim of exchanging experiences and learning about best practices that increase the competitiveness of the real estate market, and proposing policies, regulations and incentives that enhance the awareness of the sector and implement programs and programs Real estate.

The Executive Body of the Institute

The law provided for the executive body of the Dubai Real Estate Institute, which consists of the executive director and a number of administrative, financial and technical employees, in respect of which Law No. (8) of 2018 regarding the human resources management of the Dubai government, and the decisions issued pursuant to it, and the institute shall have an executive director appointed by a decision of the president The Executive Council of the Emirate of Dubai, and the Executive Director takes over the management of the institute and organizes its various affairs in a manner that ensures the achievement of its goals, and for that purpose it may do the following: Prepare the general policy of training in the institute and its strategic plans, and submit it to the Director General of the Land and Property Department for approval, follow up on its implementation, and prepare the structure The organizational chart of the institute and its submission to the general manager for approval, in preparation for its approval by the competent authorities in the emirate.

Executive Director

The Executive Director of the Dubai Real Estate Institute is also concerned with proposing the regulations organizing the institute to work in the financial and administrative aspects, and proposing the regulations organizing the training programs held by the institute, as well as proposing the annual plan of the institute regarding curricula, programs, decisions, training courses, workshops and seminars, and the conclusion of contracts, agreements, memoranda, agreements and agreements Projects, initiatives, activities and programs that contribute to achieving the goals of the institute and enable it to carry out its terms of reference under this law and the decisions issued pursuant thereto and the legislation in force in the emirate, and submit it to the Director General of the Land and Property Department for approval.
According to the law, the institute’s executive director will prepare an annual report on the institute’s activities and accomplishments in light of the planned annual goals and plans, present it to the director general of the Lands and Properties Department at the end of each training year, oversee the work of the institute’s executive body, and propose financial fees and charges to participate in training programs and courses And submitted to the Director General of the Department for approval, in preparation for approval by the competent authorities in the emirate.
The President of the Dubai Executive Council shall issue the necessary decisions to implement the provisions of this law, which replaces Law No. (13) of 2012 establishing the Dubai Real Estate Institute. The date of its publication.





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