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MIT students look at Dubai’s estate of affairs

/ 26 January 2008

A LEADING UAE-based property development company, Rasis Developers LLC, and a joint venture partner with local firm Time Machine Group played host to a group of post graduate students from the world-renowned Massachusetts Institute of Technology (MIT).

The visit is part of the students’ international tour of key cities to study various real estate projects and innovative architectural concepts.

The group of 26 students from the MIT Center for Real Estate is completing a Masters degree in Real Estate Development.

The students have significant experience in various sectors of the real estate as project managers, architects, real estate finance professionals, asset managers and entrepreneurs, and came from around the world -  Australia, England, China, Columbia, India, Taiwan, and the US.

The group was led by the Center’s Managing Director, Ms. Marion Cunningham.

The MIT Center for Real Estate has been offering a the Masters degree course for the last three years, and this year the course provided students an opportunity to compare and contrast real estate in London, Turkey and the UAE.

During their visit to the UAE, the MIT students visited Zabeel Corporate Park, a world-class property project being developed by the joint venture Rasis Time Developers at Al Jadaf.

Adrian Vinck, CEO of Rasis Developers, briefed the students on the real estate sector in the UAE and the diverse range of property projects from Rasis.

Vinck fielded questions on a number of topics including electricity costs, design elements, construction costs, challenges in the labour market, risk factors and market research in the real estate sector in the UAE. 

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