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Al Shafiei ... proactive approach.

Expert to shed light on Dubai strata law

01 January 2009

A four-day course on Dubai’s new strata law is to be held in the city this month.

The course is being conducted by Dubai Real Estate Institute (DREI), a leading institute for real estate education in the Middle East offering high-quality programmes.
Titled ‘Implementing Dubai Strata Law’, the course will provide participants with an in-depth understanding of the law’s key clauses, specifically on shared property management.
The course will be held from the January 26 to 29 at the DREI campus.
An internationally-renowned legal and management expert in strata development, construction and management, will deliver the course content. He has been extensively involved in the drafting of the Dubai strata law, which governs the division of communal areas such as gardens, pools, gyms and other facilities within property developments.
The course assumes additional significance with the law expected to be issued in the first quarter of this year. In addition to providing stability to the real estate sector, the law will also assist companies gain competitive supremacy by creating unparalleled customer value.
DREI managing director Dr Salem Al Shafiei says: “DREI is committed to following latest trends in the regulatory environment, while providing contextual professional development solutions. This proactive approach is part of our pioneering strategy to facilitate industry professionals obtain key capabilities to meet customer requirements in a fast-changing, dynamic environment.”
With an intention to making next-generation leaders competent to guide and shape the real estate business, DREI has paid meticulous attention to the programme’s course content and educational details.
The curriculum will include an overview of Dubai strata titles and community schemes systems; the strata law, boundaries, and common property; the relationship between owners association and master developer; essentials of fund management for shared properties; by-laws, committee, resolutions, meetings and minutes; relationship with managing agents and brokers, facilitating managers and master developers; and processes for disputes, insurance, accounting, levies, budgets, collections, record keeping and account ledgers.
Participants will be awarded DREI certificates upon successful completion of the programme.
DREI’s executive education programmes are held at the DREI campus in Dubai Healthcare City. Applications and registration details are available online at www.drei.ae.
As the region’s first real estate academic institution, the DREI aims to broaden the knowledge and competencies of all real estate professionals and managers.