Dubai: Real Estate Development in Dubai
Tentative Dates: March 8 - 17, 2019
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:
- Passports
- U.S. State Department travel information
- Students Abroad - U.S. State Department
- Customs Information
- Medical Information
- CDC Medical Information
- Drug Offenses Overseas from the U.S. State Department
- CIA Factbook (A great place for information on the countries we visit.)
- State Department Travel Alerts and Warnings
- Cultural Insurance Services International - student emergency insurance
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