drjobs Senior Development Manager العربية

Senior Development Manager

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1 Vacancy
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Jobs by Experience drjobs

Not Mentionedyears

Job Location drjobs

Abu Dhabi - UAE

Salary drjobs

Not Disclosed

drjobs

Salary Not Disclosed

Nationality

Emirati

Gender

Male

Vacancy

1 Vacancy

Job Description

Roles and responsibilities

Manage the performance and delivery of the Portfolio Management team’s residential, commercial and other applicable development projects from Pre-Concept Design to BCC, with the goal of enhancing value and maximizing return of the portfolio.

Please note, this role is for UAE nationals only.

Roles And Responsibilities

  • Perform business development activities for land, residential retail and mixed-use assets
  • Identify new own developments opportunities
  • Recommend developments portfolio strategy (including sub-segment mix)
  • Support in sourcing new investment with third parties (e.g., JVs, project finance, etc..)
  • Support in sourcing developments pre-selling/pre-leasing guarantee from end-users.
  • Develop and prioritize pipeline of potential new developments on land bank.
  • Identify long-list of potential opportunities.
  • Develop framework for preliminary prioritization / screening.
  • Develop feasibility studies for residential, retail and mixed-use assets and seek approval from line manager
  • Perform project costing in coordination with Project Management.
  • Develop financial model in collaboration with Partnerships & Investment and other relevant functions
  • Manage development appraisal to ensure accuracy and identify factors impacting the development performance at the earliest opportunity.
  • Manage developments from inception to completion in accordance with the Investment Control Process to ensure timely delivery within established parameters.
  • Make recommendation to the Director on optimal and balanced solutions to problems arising during the development process
  • Support in deciding on design brief and manage input and performance from Project Management.
  • Critique, analyze and challenge the design proposals presented by consultants and recommendations by internal resources to ensure that key development criteria are achieved.
  • Develop and manage the Phasing and Procurement strategy in collaboration with Project Management.
  • Support in deciding on detailed project costs based on Procurement and Project Management input
  • Support in the selection, negotiation, appointment of consultants, contractors and service providers based on Procurement’s recommendation
  • Support in deciding on project schedule, anticipate and resolve possible roadblocks to completion of construction to ensure on-time project delivery
  • Address key procurement contract variations arising from differences in project design raising major issues to the line manager
  • Produce and manage the development’s Risk Register
  • Perform continuous monitoring of design and project deliverables, program and risk register
  • Provide constant progress updates and monthly written reports on construction progress
  • Identify major issues or conflicts and recommend appropriate solutions
  • Monitor development budgets against projected and actual costs and recommend appropriate solutions on deviations
  • Support in the negotiation of the Heads of Terms for asset purchase and lease agreements with all 3rd party entities in collaboration with internal leasing and legal departments.
  • Support in collaboration with internal sales, leasing and legal departments in the production of the Heads of Terms for sales contracts and retail leases.
  • Support in deciding on refined commercial strategy based on recommendation from Commercial (e.g., ERV, retail mix, phasing, market timing, etc.)
  • Support in deciding on marketing strategy (e.g., marketing calendar, branding, etc.)
  • Support in deciding on Asset, PM and FM strategy, ensure proper handover and coordination with PM and FM entities and Asset Manager

Desired candidate profile

Qualifications & Experience

RELATED YEARS OF EXPERIENCE:

12+ minimum years of development management experience in managing the development of large retail real estate assets of over AED 500 million in value

FIELD OF EXPERIENCE :

Real estate development.

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(S):

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

Employment Type

Full-time

Company Industry

Accounting

Department / Functional Area

Business Development

About Company

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