Senior Development Manager

7 days ago


Abu Dhabi, Abu Dhabi, United Arab Emirates Asterix Communications Full time
{"h3": "Job Summary"}

Asterix Communications seeks a highly experienced Senior Development Manager to lead individual development projects from inception to completion. This role involves feasibility studies, management, and coordination of multi-disciplinary internal and external consultants and stakeholders to achieve project deliverables as directed by the Director. The ideal candidate will have a strong understanding of valuation, appraisals, and financial modeling of residential and commercial development, as well as experience in managing the development of real estate assets of over AED 1 billion in value.

Key Responsibilities
  1. Oversee business development activities and develop a DM portfolio strategy in conjunction with Partnerships & Investments.
  2. Support sourcing new investment with third parties and liaise with different functions to gather data on potential new development opportunities.
  3. Identify new development opportunities and supervise the development and prioritization of a pipeline of potential new developments on land bank.
  4. Develop feasibility studies for residential, retail, and mixed-use assets and recommend project cost in coordination with Project Management.
  5. Recommend and challenge financial models and feasibility studies developed by direct reports.
  6. Take the final decision on critical tradeoffs with the project management and decide on detailed designs developed by architects.
  7. Decide on detailed project costs, approved list of contractors/consultants, and project schedule.
  8. Review master plan and detailed master plan submittals and ensure key procurement contract variations are addressed.
  9. Ensure provision of constant progress updates and monthly written reports on construction progress.
  10. Decide on refined commercial strategy and marketing strategy for land, residential, retail, and mixed-use assets.
  11. Decide on PM and FM strategy and ensure proper handover and coordination with asset management.
Requirements

Minimum 14+ years of development management experience in managing the development of real estate assets of over AED 1 billion in value and 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
  1. Strong understanding of valuation, appraisals, and financial modeling of residential and commercial development.
  2. Strong knowledge and exposure to the GCC real estate market with large master developers.
  3. Strong understanding of architectural design and construction.
  4. Solid understanding of contract procurement policies and procedures.
Qualification

Bachelor's degree in real estate, land economics, property valuation, architecture, or engineering.



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