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Associate Director

2 months ago

Abu Dhabi, United Arab Emirates ALDAR Full time
Job Purpose

Lead individual development projects from inception to completion which involves feasibility studies and the management and co-ordination of multi-disciplinary internal and external consultants and stakeholders to achieve the required project deliverables as directed by the Director.

Please note, this hire is for Emiratization only.

Roles And Responsibilities

  • Oversee all business development activities
  • Develop DM portfolio strategy (including sub-segment mix) in conjunction with Partnerships & Investments.
  • Support in sourcing new investment with third parties (e.g., JVs, project finance, etc.) in conjunction with Partnerships & Investments
  • Liaise, regularly, with the different functions to gather data on potential new development opportunities
  • Identify new development opportunities
  • Supervise and manage the development and prioritization of pipeline of potential new developments on land bank to recommend feasibility studies on specific projects for own development:
  • Identify long-list of potential opportunities
  • Develop framework for preliminary prioritization / screening
  • Oversee the development of feasibility study for residential, retail and mixed-use assets
  • Recommend project cost in coordination with Project Management
  • Recommend and challenge financial model & feasibility studies developed by direct reports
  • Liaise with Partnerships & Investments and other relevant functions on feasibility study
  • Take the final decision on critical tradeoffs with the project management
  • Develop design brief and share with project management
  • Decide on detailed designs developed by architects, ensure alignment with concept design
  • Decide on detailed project costs based on Procurement and Project Management input
  • Decide on approved list of contractors/consultants based on Procurement’s recommendation
  • Decide on project schedule, anticipate and resolve possible roadblocks to completion of construction to ensure on time project delivery
  • Review master plan and detailed master plan submittals by the internal team and consultants.
  • Ensure key procurement contract variations arising from differences in project design raising major issues to related policies are addressed
  • Ensure provision of constant progress updates and monthly written reports on construction progress, major issues or conflicts and anticipated roadblocks whenever appropriate
  • Decide on refined commercial strategy based on recommendation from Commercial prior to delivery and for Dhold & Dsell
  • Decide on marketing strategy for land, residential, retail and mixed-use and commercial assets (e.g., marketing calendar, branding, etc.)
  • Decide on PM and FM strategy, ensure proper handover and coordination with asset management on the transfer of ownership of projects once delivery phase is completed

Related Years Of Experience

Min of 14+ minimum years of development management experience in managing the development of real estate assets of over AED 1 billion in value

YOE IN MANAGERIAL POSITION

Min of 6+ years in a managerial position heading a development arm in a real estate / development entity

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’s degree in real estate, land economics, property valuation, architecture or engineering