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Al-Futtaim Group Real Estate (AFGRE) is the real estate development and operations arm of Al-Futtaim group which is headquartered in Dubai. AFGRE is responsible for the origination, conception, development, procurement and construction of mega projects and the leasing, sales and operation of these projects after completion.
In addition, AFGRE develops and operates an extensive multi-million dollar portfolio of individual corporate real estate and investment assets across the MENA region.
The two current flagship mixed use urban communities under the Festival City brand are the award winning, Dubai Festival City (5.2 million square metres) and Cairo Festival City (3 million square metres).
آ About Dubai Festival City
Dubai Festival City is an Al-Futtaim Group Real Estate development project which covers 5.2 million sq m and stretches 3 kilometres along the historic Dubai Creek that optimizes the thriving and visionary spirit of Dubai.
Dubai Festival City is an established creek side, mixed use destination and premier waterfront community interconnecting finest residential, shopping, dining, leisure & entertainment, international hotels, schools, golf course, automotive park and offices. It is formed into three distinct districts and connected by a 30 kilometers internal road network and creek side promenade. This existing community offers freehold villas and apartments for sale and lease which combine traditional and contemporary architecture. Upon completion, the community will be home to 50,000 residents living in 20,000 villas and apartments, and ideal place to work for 50,000 office staff.
Dubai Festival City has recently won 3 top recognitions at The Arabian Property Awards 2010, in the categories of Best Mixed Use Development for Dubai Festival City, Best Residential Development for Al Badia Hillside Village, Dubai Festival City and Best Retail Development for Festival Centre, Dubai Festival City.
آ About Festival Centre
Festival
Customers
* Primary interface between Residential sales team, Finance team, Shared Services Finance, Group Finance, and internal management in providing accurate and timely financial information on residential properties sales.
Key Responsibilities
* Responsible for completing the accounting cycle for residential properties sales including recognition of sales revenue, cost of sale, and the various elements of sales expenses in accordance with IAS, Group Policies, and DLD / RERA governing laws and directives.
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* Ensure accuracy of sales contracts conditions and information created in the system in accordance with the supporting documents and ensure timely activation of the contracts.
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* Review and Verification of physical sales documents including but not limited to Sales Approval Forms, Reservation Agreements, Sales and Purchase Agreements, Statements of Accounts. Ensure that Price and Cost data are updated with the latest information.
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* Maintain a track and ensure adherence of agreed sales payment plans. Update the tracker and ensure posting of payments against the customer account and perform the required reconciliations accordingly.آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ آ
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* Flag cases of none-adherence to payment plans to the Finance Manager and the Head of Sales and ensure that appropriate actions against defaulters are taken.
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* Build, maintain, and update the inventory database and module with the various elements and ensure that inventory cost information are updated and are in line with the supporting documents and plans.
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* Ensure month end closing activities are complete within the agreed timelines with re
About The Company
Established in the 1930's, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940's and 50's saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region. Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt.
The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario. The Group's continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery.
The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Group's belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.
