Development Manager
7 days ago
Asterix Communications seeks a seasoned Development Manager to oversee the development of feasibility studies on land, residential, retail, and mixed-use assets. This role requires a strong understanding of the GCC real estate market and experience in managing major developments of large real estate assets.
Key Responsibilities"
- Develop and implement a portfolio strategy for DM, including sub-segment mix, in conjunction with Partnerships & Investments.
- Source new investment opportunities with third parties, such as JVs, project finance, etc., in conjunction with Partnerships & Investments.
- Liaise with various functions to gather data on potential new development opportunities.
- Supervise and manage the development and prioritization of a pipeline of potential new developments on land bank to recommend feasibility studies on specific projects for own development.
- Oversee the development of feasibility studies for residential, retail, and mixed-use assets, including recommending project cost, financial models, and feasibility studies.
- Take final decisions on critical trade-offs with project management, including design briefs, detailed designs, project costs, contractors, and project schedules.
Requirements"
- Minimum 16+ years of development management experience in managing major developments of large real estate assets of at least AED 100 million in value.
- Minimum 6+ years in a managerial position heading a development arm in a real estate/development entity.
- Strong knowledge and exposure to the GCC real estate market with large master developers with annual revenue of at least AED 3 billion.
Preferred Qualifications"
- Bachelor's degree in architecture, engineering, business, or economics.
- MBA preferred.
Technical and Interpersonal Skills"
Excellent project management skills to manage multiple tasks across functions for cost-effective and timely development of the property per the development brief.
Language"
English (en-US)
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