Dr Michael Waters

PhD in Urban Studies (Real Estate), MSc in Real Estate

Associate Professor
Energy, Geoscience, Infrastructure and Society
Michael Waters


Director of Studies for The Urban Institute

Postgraduate Programme Lead in Real Estate for
MSc Real Estate Management & Development (RICS accredited);
MSc Real Estate Investment & Finance (RICS/IPF accredited)

Teaches on various MSc level courses

Urban Economy and Property Markets(D41EP);
Macroeconomics and Finance (D41ME);
Real Estate Development (D41RD)
Property Management (D41AN).

Also supervises dissertations on a variety of topics for MSc programmes. 


Dr Michael Waters, Member of the Royal Institution of Chartered Surveyors (MRICS) and Fellow of the Higher Education Academy (FHEA), has been working in real estate academia since 2004 for a number of top UK universities. He worked in private practice in London, building up a portfolio of strategic property advice for major UK housebuilders.

Michael has authored and delivered over 30 conference presentations and white paper discussions at the national and international level in areas of property valuation, real estate development feasibility and professional development.

His notable engagements include:
Expert judge at the Gulf Real Estate Awards in 2017
Expert judge at Estate Gazette Annual Property Awards in 2016
Expert CPD speaker for the RICS Middle East region since 2011
APC assessor for the RICS Middle East region since 2011. 


Research focuses in (1) valuation heuristics, exploring how valuers' cognitive development affects valuation problem solving (2) behavioural psychology in real estate, investigating the factors that influence real estate decision-making; (3) operation of property markets, especially exploring the market efficiency and performance of new global markets.

Michael covers these discussions in relation to Dubai’s commercial property market in his PhD thesis. 


Waters M. (2019) 'Real Estate in a Digital Era: Are You Ready?", Property Finder H1 Trends (July 2019)

Waters M. (2019) 'Pathway to Property', Heriot Watt University (June 2019) 

Waters M. Proceedings for the World Economic Forum (January 2015) ‘Emerging Horizons in Real Estate: An Industry Initiative on Asset Price Dynamics Executive Case Studies’, World Economic Forum (New York). Editorial Panel Member (Invited)

Waters M. (2014) ‘Is it time to dispute the commute?’, Property Times (October 2014)

Waters M. (2013) ‘Master’s degree to supply property market demand’, Khaleej Times (September 2013)

Waters M. (2013) ‘Education: Your Greatest Asset’, Property Times (July 2013)

Waters M. (2013) ‘Expanding Horizons’, Khaleej Times (June 2013)

Waters M. (2012) A Critical Commentary of Valuation Variance in Dubai’s Real Estate Sector, Heriot-Watt University (Dubai), presented at ERES 2012 hosted by Heriot- Watt University (Edinburgh, UK)

Waters M. (2012) ‘Trends and tips for Dubai Real Estate Investors & Tenants’, Dubai Chronicle (July 2012)

Waters M. (2012) The importance of using Investment Appraisal (IA) as both a valuation tool as well as for investment management, Investment Appraisal White Paper Series, Estate Master (Australia) Sole Author (Invited to Author)

Havard T. and Waters M. (2012) An Evaluation of Real Estate Development Feasibility Software Options, Estate Master (Australia) Joint Author (Invited to Author)

Waters M. (2011) ‘Real Estate Profession in UAE to benefit from education’ Design MENA (August 2011).

Waters M. (2007) ‘The Great Energy Debate’, RICS Land Journal (January 2007),pg.8

Waters M. (2006) ‘Green Light for EcoHomes’, RICS Business (November 2006), pg. 4

Waters M. (2006) Environmental Sustainability: Is it HIP? Featured in RICS Land Journal (November 2006).

DIxon T., Pocock Y., Waters M. (2006), An Analysis of the UK Development Industry’s Role in Brownfield Regeneration, Journal Property of Investment and Finance, Vol. 24 No. 6, pp. 521 – 541

Regular contributions and interviews on various  topics for Property Finder UAE. Video link: