Dubai-UAE: 10 December, 2011 – Dubai Properties Group (DPG), a member of Dubai Holding, announced today further training of its employees on the ‘Code of Corporate Governance’ in conjunction with The Real Estate Regulatory Agency (RERA). DPG is the first real estate company to train its staff on ‘Corporate Governance’ and the ‘Hawkamah Code’.

RERA conducted two workshops on the new code exclusively for DPG on 7 and 8 December. The course highlighted the changing corporate governance landscape and practices in relation to the real estate sector, in addition to focusing on the strategic issues. 

Khalid Al Malik, Group CEO, DPG said: “We are proud to be the first real estate developer in the UAE to implement this code across the board. At DPG we strive to constantly work with RERA on all initiatives that will help the real-estate industry as a whole.”

The introduction of this programme from RERA follows the recent issuance of laws and policies aimed at improving transparency, and regaining investor confidence in the real estate market. 

Marwan Bin Ghalitha, CEO, RERA said: “The real estate environment in Dubai has reached an advanced level of organisation that has made it more attractive to potential investors. It is important for any real estate company to be up to date and transparent with practices in order to remain competitive and successful. The launch of this program will ensure that all developers and agencies alike will be aligned with RERA’s regulations and guidelines so as to provide a clearer picture to the end investor. We encourage other developers to follow in DPG’s footsteps to ensure the local real estate sector adopts international best practices.”

DPG is committed to constantly strengthening its business operations by developing and enhancing employee and management skills through training and workshops. DPG strives to be a leader in all aspects of the real-estate sector including business knowledge and added value training.  

About Dubai Properties Group (DPG):

Dubai Properties Group (DPG), a member of Dubai Holding, develops and manages properties, communities and destinations.  Through its subsidiaries DPG provides end to end solutions for a variety of services including sales, leasing, facilities management and security.

Founded on principles of transparency, accountability, and dedicated customer focus, Dubai Properties Group aspires to become the best partner in providing unique lifestyles, by creating a world class organization that offers a wealth of industry knowledge and expertise. DPG will constantly seek new and innovative ways to deliver comprehensive solutions to its stakeholders, investors and business partners. 

For further information, please contact:

Nermine Afiouni
Jiwin Public Relations
An APCO Worldwide 
Tel: +971-4-3692925
Fax:     +971-4-3688001
Email: NAfiouni@apcoworldwide.com

Lina Zain Al Din 
Senior Manager, PR and Media Relations
Dubai Properties Group
Tel:  + 971-4-4352042
Fax:  + 971-4-3672972
E-mail: Lina.ZainAldin@dubaipropertiesgroup.ae