Master in Real Estate Development | IE

Masters in Real Estate Development

Exploring the connection between real estate and the city
duration10 | 15 months
locationMadrid | Madrid & Mexico City + Online
Mode of studyIn-person | Blended
FormatFull-Time | Part-Time
duration10 | 15 months
locationMadrid | Madrid & Mexico City + Online
Mode of studyIn-person | Blended
FormatFull-Time | Part-Time


Our Masters in Real Estate Development full-time or part-time faculty is made up of visionary, forward-thinking professionals who specialize in bringing real-world insights to a classroom context.

With their practical teaching methodologies, industry expertise and inexhaustible passion for innovation, these individuals will guide and inspire you on your journey of discovery.

Led by Program Directors Flavio Tejada and Carolina Gonzalez Vives alongside a host of visiting professors and expert speakers—our faculty provides an exceptional learning experience to stay on top of global real estate trends.



Banking, Investment & Finance
Hotel Management
Architecture & Urbanism
Business Administration
International Affairs
Economics & Finance
South America
Middle East & Africa
North America

Class profile MRED full-time

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Average of Professional Experience

Class profile GMRED part-time

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Average of Professional Experience

Academic Directors

About Flavio Tejada

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Flavio’s innovative vision has focused on design strategic urban projects that allow cities to face 21st century socioeconomic and environmental challenges through a holistic approach. 

During his career, he has gained global experience through working with local standards and cultures in several parts of the world, including Europe, Middle East, LATAM and United States. He specialized in urban regeneration and retrofit development, with the application of the latest innovations in technology and social engagement.

Flavio led different strategic urban interventions such as several regeneration projects in Bilbao, Khalifa Avenue in Qatar or La Rinconada Masterplan in Caracas. More recently, he has led Castellana Norte Masterplan in Madrid, the largest urban regeneration project in Europe and Barcelona El Prat Airport Real Estate Master Plan, a new generation of airport-city development.

Flavio’s works have been widely recognized, including at the XVI Venice Biennale, where The Santander Waterfront was exhibited. Furthermore, this urban renewal project has recently received the “Albert Serratosa 2018 Award” Spanish Civil Engineering Professional Association and the Award “ASPRIMA” as the best real estate project in 2019 in Spain.

Barcelona’s El Prat Airport Master Plan was commended at the 2018 European Urban and Regional Planning Award.

Flavio received his Master in Civil Engineering from the University of Cantabria (Spain). He complemented his professional skills with an Architectural Design Program at UNC Charlotte (USA) and a Master’s degree in Executive Real Estate Business Management (MDNI), ICADE-ICAI. He has given courses and lectures at universities and conferences throughout Spain, Europe, Middle East and America.


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Carolina González Vives is Ph. D. Architect from Universidad Politécnica de Madrid. After collaborating with professionals such as Juan Navarro Baldeweg or Iñaki Ábalos, she founded her own architecture office in 2005, whose work has been awarded several times in national competitions and published in specific and general media. Since 2015, she directs HIDRA DESIGN, a development company involved in the construction of the city from a cultural and environmental perspective. Its operations are characterized by a very high level of commitment to design and city making.

Involved in university teaching since 2006, her academic research has focused on water and the urbanization of arid landscapes, searching for new models to reconcile growth with climate and environmental crises. sHe has been visiting researcher at AridLands Institute, Los Angeles, California, associate professor in the Design Area at the School of Architecture of the Universidad de Alcalá, and a visiting professor at several national and international universities.

Member of Wires and EjeCon, she is also Board member of the Ateneo de Madrid, from where she intends to continue the influence of this historic institution, promoting society’s sensitivity towards beauty and the environment.

Flavio Tejada & Carolina González-Vives | IE School of Architecture and Design

FLAVIO TEJADA & Carolina González-Vives

Letter from the directors

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Dear Prospective Student,

Cities are centers for innovation, culture and learning.  Real estate developments are one of the main catalysts for growth and social development in cities, as they bring people and businesses together and form communities. They also create some of the most significant environmental impacts related to climate change.

Today, the urbanization is occurring at unprecedented speed and scale.  The majority of the world’s population lives in urban centers and the figures are growing. This translates into an increasing role for responsible real estate developments.   Technology is also evolving and will provide new opportunities to effectively address emerging challenges. Investment environments are now global and becoming more complex; new governance models will impact the way we build, manage, and live in cities to create more competitive and democratic territories.

This 21st century is undergoing the most profound urban revolution to date, and in response, IE School of Architecture and Design offer a Master in Real Estate Development (MRED) delivered in full-time or part-time format—providing you with the flexibility to study a customizable program that adapts to your needs, whether that means studying face-to-face or online.

This program goes beyond a traditional development approach by exploring real estate development in relation to the city in its many facets. MRED will provide a 360º understanding of the real estate development process and the agents, tools and techniques involved. Students will acquire a solid foundation in the economic, financial, strategic, and legal aspects of real estate development throughout the world.  The MRED program has been initiated by IE School of Architecture and Design, an innovative, international institution, which embraces expanding roles for architecture and design to meet the challenges of today´s world. Moreover, IE’s world-class faculty is comprised of entrepreneurs, executives, academic experts and authors who publish in top journals. They bring intellectual diversity and practical insights straight to the classroom to create rich and challenging programs.

As a result, students in the Master in Real Estate Development, will be able to acquire up-to-date knowledge, use new and innovative tools to become leading professionals of the future. The program will acknowledge the large variety of stakeholders involved in the development process, guaranteeing participation, communication and transparency. It will offer a unique environment to address global competition and long term economic sustainability.  Students will acquire a unique social responsibility approach: real estate development, businesses and land development that will be socially, environmentally and economically sustainable, and in turn, more competitive.
It is therefore our pleasure to invite you to join this groundbreaking program.

Warmest regards,
Flavio Tejada
Carolina González-Vives
Directors of Real Estate Development Master Programs


Where our FACULTY works

A combination of recognized international academics and professionals from leading international firms will guide students to a global understanding of Real Estate.

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