DAMAC Properties Fosters Entrepreneurial Talent

Mon, 08 May, 2017

DAMAC Properties, one of the region’s largest luxury real estate developers, has recently organised a field trip for 50 master’s students from the Kingston University London who were in Dubai on an educational visit. The initiative comes as part of DAMAC’s on-going collaboration with the university that commenced three years ago, with an objective to foster the talents of the next generation of entrepreneurs and construction professionals.

As part of the field trip, the DAMAC Properties team shared site plans, technical details and insights about their developments with the students to give them the opportunity to produce a comprehensive cost plan for the construction of a prospective hotel after carrying out feasibility studies and research on three assigned plots. In addition, they also visited a completed hospitality project and construction sites, and toured the Trump International Golf Club Dubai in DAMAC Hills to develop a better understanding of the various phases involved in the construction and operation of a hospitality real estate project.

Niall McLoughlin, Senior Vice President, DAMAC Properties, said: “It was our pleasure to host this talented group of students from the Kingston University London and facilitate this field visit to help enrich their knowledge and understanding of the real estate sector. Supporting future entrepreneurs through first-hand learning experiences like those offered during this field trip is an important extension of our mandate. Moreover, we look at this opportunity as a significant knowledge-sharing exercise that provides the participant students with deeper insights on real-life working environments while also encouraging our own teams to welcome and consider fresh ideas and opinions.”

Expected to graduate soon, the students acknowledged the field trip as the key highlight of their course and found the lessons gained from the opportunity to be valuable and constructive. Throughout their stay, they were hosted at DAMAC Maison Royale The Distinction, the most prestigious property in DAMAC’s hospitality portfolio, located in the Burj area of Dubai.