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Dubai: Real Estate Development in Dubai

Tentative Dates: March 8 - 17, 2019

Dubai by twillight
Dubai tower
Dubai waterside

 

Pre-departure lectures: Tuesdays, 5-7pm, January 22 - March 5, 2019

Bookmark will be found here.

Students will attend a series of pre-departure lectures before traveling to the United Arab Emirates to participate in cultural events, site tours and meetings designed to increase their familiarity with the opportunities and challenges involved in developing, owning and managing real estate in one of the most dynamic real estate markets in the world – Dubai. Emphasis will be placed on the globalization of the real estate industry and the factors contributing to the city’s emergence as an attractive location for capital deployment. Attention will also be devoted to efforts made to enhance Dubai’s brand through investments in urban planning, infrastructure, iconic architecture and environmental sustainability.

Learning objectives: after the completion of the study abroad program, you will be able to:

  • Discuss the factors contributing to the globalization of the real estate capital market
  • Analyze the potential risks associated with investing in real estate in emerging markets
  • Evaluate the advantages and disadvantages of real estate-based economic development strategies
  •  Assess the long-term stability and attractiveness of Dubai and the U.A.E. to real estate investors
  • Compare/contrast real estate development practices employed in the U.S. and the U.A.E.

 

Travel

Jan. 22nd to Mar. 5th Seven pre-departure lectures (Tuesdays, 5:00-7:00 pm)
Mar. 10th Arrive at Dubai International Airport; Cultural Event: Dubai old town experience; Welcome Dinner – Centre for Cultural Understanding
Mar. 11th Breakfast – Tour guide briefing; Expo 2020 presentation; Architectural tour of Dubai
Mar. 12th Company visit – Nakheel: Site visit- Palm Jumeirah; Site visit/panel discussion – Atlantis Hotel
Mar. 13th Company visit – Dubai Islamic Bank; Company visit – AECOM
Mar. 14th Company visit – Six Construct; Site visit – Burj Khalifa
Mar. 15th City tour – Abu Dhabi
Mar. 16th Cultural event/farewell dinner
Mar. 26th Student Presentations



Preparing
You should insure that you have the proper vaccinations for this program. This can be done through the University's recommended travel clinic (Intravene), a county health department, or your family physician. Your family physician usually does not have the more specialized vaccines and should refer you to the county health department. You can see a list of recommended vaccinations and other health information at the CDC travel website.Each student must have a valid passport from their home country. You can apply for a passport at the Acceptance Facility in Squires Student Center, the Blacksburg Post Office (540-552-2751) at the University Mall with appointment or at the Montgomery County Clerk's Office at the Christiansburg Courthouse (540-382-5760), no appointment required. You can get passport photos at most local pharmacies.

These sites have additional information:

The program fee is $4,000.  It includes airfare, lodging, group travel, 7 breakfasts, 2 dinners, cultural excursions and local transportation.  Virginia Tech tuition, fees, and other costs are noted below. A non-refundable deposit of $500, payable online, is due after acceptance into program, with the remainder due January 10th. 

Cost Summary (estimated)

   
Pre-trip Personal Costs:  In-State   Out-of-State 
VT GEO Application fee 0 0
VT GEO Participation fee 0 0
Passport $135 $135
     
Pamplin billing: $4,000 $4,000
Airfare    Included Included
Lodging Included Included
Required Group Travel Included Included
Meals Included Included
Medical Insurance Included Included
     
VT tuition & fees if you are a Spring full-time student: Included Included
     
Funds required during program:  
Personal Expenses $150 $150
Meals not provided $175 $175
Required personal travel $25 $25
     
Total Estimated Costs $4,485 $4,485

 

Note:  Virginia Tech reserves the right to make cancellations, date and cost adjustments, and other necessary changes in the program. Prices may change due to global economic conditions.

Financial Aid and Scholarships

Your financial aid eligibility may apply to this program. You must submit a Free Application for Federal Student Aid (FAFSA) to the University Financial Aid Office. Go to Scholarship Central for more information. Pamplin also lists Pamplin College of Business study abroad scholarships here.

In addition, you must submit the study abroad cost documentation form to the Global Education Office at the International Affairs building, 526 Prices Fork Road, room 131. Another great resource is Pamplin’s International Program’s Funding Opportunities Page.

Due to prepayment on items such as air and lodging, billing may not be in sync with financial aid payouts. Please be prepared to pay costs in advance and be reimbursed with any financial aid payouts later.

Apply HERE!

The application deadline is January 1, but there are limited spaces, so apply early.

Prerequisites:  None

  • REAL 3984
  • Three Credit Hours

Contact Information

Dustin Read
Wallace Hall #207
540-231-0773
dcread@vt.edu

Linda Tanko
1046 Pamplin Hall
540-231-3562
ltanko@vt.edu