Vice President

2 weeks ago


Dubai, Dubai, United Arab Emirates ALDAR Full time

Roles AndResponsibilities

  • Assist in managing businessdevelopment activities for land, residential retail and mixed-useassets as directed by the line manager
  • Supportin identifying new own developmentsopportunities
  • Support in sourcing newinvestment with third parties (e.g., JVs, project finance,etc.)
  • Support in sourcing developmentspre-selling/pre-leasing guarantee fromend-users
  • Develop feasibility studies forresidential, retail and mixed-use assets and seek approval fromline manager
  • Perform project costing incoordination with Project Management
  • Developfinancial model in collaboration with Partnerships &Investment and other relevant functions
  • Liaisewith Partnerships & Investments and other relevantfunctions on feasibility studies
  • Developfeasibility study on owned land, in conjunction with the linemanager:
  • Recommend allocation of specificassets by segment on land plots
  • Recommend landphasing plan
  • Recommend in input to the pricingof land plots based on price benchmark of comparable landplots
  • Research and Recommend unit cost by landplot
  • Perform infrastructure costing incoordination with Operations
  • Perform high levelcost breakdown of infrastructure (recoverable versus nonrecoverable costs)
  • Develop financial model andfeasibility studies and liaise with Investment Analysis and otherrelevant functions on feasibility study
  • Reviewthe Delivery team progress and report on progress of the deliveryand the timely handing over of government related assets to reduceO+M costs and land costs
  • Review and Report onpre-concept test fit, concept master plan and detailed master planmanaged and developed by the master planningfunction
  • Review, update, report and recommendon the allocated land bank from inception, design, delivery ofinfrastructure, authority handovers, sales and development on landplots
  • Use market intelligence reports torecommend land use requirements for master plans, matching supplywith demand
  • Use market reports and mediapublication to identify trends in Development products related tolifestyle and recommend land use and products that can overallenhance the project attractiveness andprofitability
  • Review and update developmentmanager on schedules for land development in conjunction withDelivery and Controls
  • Perform continuousmonitoring of design and project deliverables, program and riskregister
  • Provide constant progress updates andmonthly written reports on constructionprogress
  • Identify major issues or conflicts andrecommend appropriate solutions
  • Monitordevelopment budgets against projected and actual costs andrecommend appropriate solutions ondeviations
  • Support in deciding on refinedcommercial strategy based on recommendation from Commercial (e.g.,pricing, sales phasing, etc.)
  • Support indeciding on marketing strategy (e.g., marketing calendar, branding,etc.)
  • Support in deciding on Asset, PM and FMstrategy, ensure proper handover and coordination with PM and FMentities and Asset Manager

Qualifications& Experience

RELATEDYEARS OF EXPERIENCE:

A minimum of 10 years ofdevelopment management experience in managing the development oflarge residential and retail real estate assets of over AED 500million in value.

FIELD OFEXPERIENCE:

Real estatedevelopment.

TECHNICAL AND INTERPERSONALSKILLS:

  • Strongunderstanding of valuation, appraisals, and financial modeling ofresidential and commercial development
  • Strongknowledge and exposure to the GCC real estate market with largemaster developers with annual revenue of at least AED 2billion
  • Strong understanding of architecturaldesign and construction
  • Solid understanding ofcontract procurement policies and procedures gained in theProcurement function of a real estate developer in the GCC realestate industry

QUALIFICATION(S):

  • Bachelor's degree in realestate, land economics, property valuation, architecture, orengineering

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