MSc Real Estate
Part time - DT124
Mr Martin Hanratty
School of Real Estate & Construction Economics
College of Engineering & Built Environment
DIT Bolton Street Dublin 1
T: 01 402 3675
Ms Eimear Fallon
T: 01 402 3942
Part Time - 2 ½ Years
1st June 2013
This exciting part-time programme provides an opportunity for non-property graduates to become educated for a range of careers in real estate and related industries in Ireland and abroad.
The need for competitiveness and efficiency in both the private and public sectors has resulted in a growing awareness of the role of real estate as an economic and business resource. This, together with an increased emphasis on urban economics policy and major infrastructural development, has created an enhanced demand for those with professional qualifications in real estate and training in the methods and techniques of real estate appraisal.
The programme is presented within the School of Real Estate and Construction Economics in the Faculty of the Built Environment in DIT. The total intake of students each year will be approx. 20-25 students from different disciplines and backgrounds.
The content of the programme, delivered over 2 ½ years (5 Semesters) includes subjects pertinent to the practice of Valuation Surveyors and real estate professionals. The programme’s focus is strongly oriented to real estate valuation, appraisal and investment. See Course Content for further details.
Semester 1: Valuations 1, Building Appraisal, Real Estate Law
Semester 2: Real Estate Investment Appraisal, Planning, Valuations 2
Semester 3: Real Estate Development Appraisal, Urban Economics, Investment Portfolio Analysis
Semester 4: Integrating Project, Real Estate Finance, Corporate Real Estate Management or Research Themes in Real Estate
Semester 5: Research Methods and Dissertation
The programme is assessed through a range of techniques including: project work; group work, assignments; presentations and examinations. Assessments in the form of examinations will normally take place at the end of the respective semesters in January and May, with supplemental examinations in September. In addition, students will be expected to complete a dissertation.
Students can only progress from one academic year to the next providing all the required assessments in the pre-requisite modules have been passed.
School of Real Estate & Construction Economics, Faculty of the Built Environment, DIT Bolton St, Dublin 1
Who Should Apply?
One of the primary aims of the M.Sc. programme is to provide those with a non-real estate primary degree with a post-graduate qualification in real estate. Applicants can be either working or aspiring to working in real estate investment and related industries.
Timetable / Hours
The course is presented on a part-time basis through a five semester cycle and will therefore require 2.5 years to complete. During each of semesters one to four (each approx. 12 weeks long), attendance will be required for two afternoons/ evenings (2 X 3 hours) per week. During the fifth semester (year 3), students work primarily on their dissertation.
In order to be admitted to the course, students should have an honours (2.2 grade or higher) undergraduate degree or equivalent. Selection will be made, following interview, using the following criteria.
- Academic achievement
- Relevant employment experience
- Evidence of commitment to a career in real estate; interest in and critical awareness of role of the built environment in society; and evidence of interest in postgraduate real estate research.
Where successful applications are received from graduates of programmes not having a strong business, economics or quantitative focus e.g. B.A. in English and History, they will be required to undertake a short pre-qualification programme to bring such students up to the required level in quantitative analysis, spreadsheet applications and economics.
Note: Due to the considerable competition for our postgraduate programmes satisfying the minimum entry requirement is not a guarantee of a place. Depending on the programme of study applications will be assessed based on your academic grades and may also take into account your work/life experience. Applicants may also be required to attend for interview for specific programmes.
The Dublin Institute of Technology`s degree of MSc in Real Estate will be awarded to participants who successfully pass the formal examinations and assessments of the programme including the dissertation.
The programme has full accreditation from the Society of Chartered Surveyors, Ireland (SESI) and The Royal Institution of Chartered Surveyors (RICS)
Frequently Asked Questions
What subjects are covered in the programme?
Semester 1 of the programme is designed to rapidly build the foundations required to develop the distinctive skills of the real estate professional. The core modules of this Semester: Valuations, Building Appraisal and Real Estate Law aim to engender strong foundations in the specific quantitative appraisal techniques together whilst developing specialist knowledge of the nature of commercial, residential and industrial building methods and building a strong foundation in the legislation that surrounds the built environment.
From the beginning of the second Semester, students apply the principles of valuation based on a developing knowledge of the real estate market and explore the strategic nature of Real Estate Investment Appraisals. Students also build on their knowledge of the legal framework and commence the study of Planning which is intrinsic to development appraisal practice. Building on the legal groundings established in Semester 1, students also develop a keen understanding of the statutory nature of advanced Valuations.
Investment Portfolio Analysis in Semester 3 focuses on the analysis of investment in capital and real estate assets and markets. Students gain a keen understanding of the nature of wider investment market and the function of real estate within that spectrum. General analytical capabilities are developed through a wider understanding of the Urban Economic driving forces that shape real estate development and investment. These skills are essential for completing the Integrating Project Module in Semester 4 and for the completion of the Dissertation which forms the basis of Semester 5.
In addition, these modules are designed to develop students’ ability to analyse and evaluate the merits and implications of different funding techniques for real estate development. These modules aim to keep students abreast of new and further developments in the real estate investment markets gaining an implicit understanding of risk and potential for return enhancement. At the core of the Real Estate Finance module is an analysis of the nature of the relationship between the banking and real estate investment market.
Students have an opportunity in Semester 4 to tailor their own learning requirements to specialise in innovative modules in Corporate Real Estate Management or Research Themes in Real Estate.
In order to complete Semester 5 and the entire programme, students will have to undertake the completion of a Dissertation.
What is the duration of the programme?
The course runs on a part-time basis over 2 ½ years. The 5th Semester involves independent learning in the completion of a dissertation.
Is it possible to complete the programme on a full-time basis?
Not at present. The course currently runs on a part-time basis only, however depending on the demand the School hopes to develop the programme so that it will be run on a full and part-time basis.
Is the course being well received?
The programme has been running since 2005 and is well received in the Real Estate sector. It has enabled graduates from non-property backgrounds to transfer into and pursue successfully careers in the property business.
How do I apply?
Applications for each September intake programme should be sought from http://www.dit.ie/study/postgraduate/howtoapply/
Is the programme accredited by the SCSI and RICS?
The school has full accreditation from the SCSI and RICS.
How often does the programme run and when does the next programme begin?
The programme currently runs annually. Each intake is in September.
Can I apply to join the programme half way through?
No. Applications will only be considered prior to the beginning of the first Semester. It is not possible to join in the second or subsequent Semesters.
EU Fees for 2012/2013*
*The fees outlined for each course are provisional and are subject to change
DT124 - MSc in Real Estate: Fees will be added shortly
For the list of part time postgraduate fees for 2012/13 click here.
For information on funding please see the following link: Fees and Funding