JOB DESCRIPTION: Roles and Responsibilities:
* Manage the business development activities for land, residential retail, and mixed-use assets - Identify new own developments opportunities - Recommend developments portfolio strategy (including sub-segment mix) - Support in sourcing new investment with third parties (e.g. JVs, project finance, etc..) - Support in sourcing developments pre-selling/pre-leasing guarantee from end-users.
* Develop and prioritize the pipeline of potential new developments on the land bank.
* Identify long-list of potential opportunities.
* Develop a framework for preliminary prioritization screening.
* Perform feasibility studies for residential, retail, and mixed
* use assets and seek approval from the line manager
* Perform project costing in coordination with Project Management.
* Develop a financial model in collaboration with Partnerships & Investment and other relevant functions
* Manage development appraisal to ensure accuracy and identify factors impacting the development performance at the earliest opportunity.
* Manage developments from inception to completion in accordance with the Investment Control Process to ensure timely delivery within established parameters.
* Make recommendations to the Director on optimal and balanced solutions to problems arising during the development process
* Support in deciding on design briefs and managing input and performance from Project Management.
* Critique, analyze and challenge the design proposals presented by consultants and recommendations by internal resources to ensure that key development criteria are achieved.
* Develop and manage the Phasing and Procurement strategy in collaboration with Project Management.
* Support in selecting, negotiating, and appointing consultants, contractors, and service providers based on Procurement recommendations.
* Support in deciding on project schedule, anticipate and resolve possible roadblocks to completion of construction to ensure on-time project delivery
* Produce and manage the development's Risk Register
* Perform continuous monitoring of design and project deliverables, program, and risk register.
* Provide constant progress updates and monthly written reports on construction progress.
* Identify major issues or conflicts and recommend appropriate solutions
* Monitor development budgets against projected and actual costs and recommend appropriate solutions for deviations
* Support in negotiating the Heads of Terms for asset purchase and lease agreements with all 3rd party entities in collaboration with internal leasing and legal departments.
* Support in collaboration with internal sales, leasing, and legal departments in the production of the Heads of Terms for sales contracts and retail leases.
* Support in deciding on refined commercial strategy based on recommendations from Commercial (e.g. ERV, retail mix, phasing, market timing, etc…)
* Support in deciding on marketing strategy (e.g. marketing calendar, branding, etc…)
* Support in deciding on Asset, PM, and FM strategy, ensure proper handover and coordination with PM and FM entities and Asset Manager
RELATED YEARS OF EXPERIENCE:
Min of: ‎10+ years of development management experience in managing the
development of large residential and retail real estate assets of over AED ‎500
million in value
YOE IN A MANAGERIAL POSITION
Min of: ‎2+ years of managerial experience.
FIELD OF EXPERIENCE
Real estate
TECHNICAL AND INTERPERSONAL SKILLS
* Strong understanding of valuation, appraisals, and financial modeling of residential and commercial development.
* Strong knowledge and exposure to the GCC real estate market with large master developers with annual revenue of at least AED ‎2 billion.
* Strong understanding of architectural design and construction.
* Solid understanding of contract procurement policies and procedures gained in the Procurement function of a real estate developer in the GCC real estate industry
QUALIFICATION
Bachelor degree Engineering

LI-AA1