Leasing Manager

Job description / Role

Please do answer the questions below.

Dimensions:
- Financial: The financial accountability and direct responsibility of the job holder if any 50 Million Dirhams in rental income.
- Complexity: What are the requirements of the job in terms of academic achievements, professional experience, and special qualifications.

Key Tasks: Outline below the main responsibilities of the job.

1. Establish leasing objectives with the direct line manager for any potential vacancies or new retail units for the relevant assets.
2. To ensure that all leasing enquiries are serviced promptly and professionally, arranging site visits for potential, suitable tenants.
3. To create a database of inquiries and suitable prospects for the reletting of any potential vacancies within Sharjah and Ajman City Centres.
4. To undertake initial negotiations with prospective tenants, for presentation to the Leasing Committee for final selection and then finalizing the deal with the agreed brand or concept in line with the approved budgeted revenue.
5. To maintain occupancy levels and revenue levels in Ajman and Sharjah City Centre. Renewing any lease expiries that are due, in line with the agreed leasing strategy for the relevant asset.
6. To identify any potential problem tenancies or vacancies in advance where possible, through sales data/operations feedback and formulating a replacement strategy with the direct line manager for implementation.
7. To participate in the retail planning and leasing objectives of Mirdif City Centre where applicable.
8. To prepare regular leasing reports, updating line managers on the overall leasing status and potential critical issues.
9. To try to identify additional revenue or added value opportunities through the leasing strategy for discussion and implementation.
10. To understand market changes, including identifying new brands in the market and synergising those brands with the relevant merchandise mix in MAF assets, assessing suitability.

Requirements

- A University Degree , understanding Commercial Leasing market of UAE and Middle East.
- Understanding landlord tenant laws.
- Minimum years of On-the-job experience
- Two (2) years minimum retail leasing experience
- Basic understanding of Retail planning
- Good knowledge of merchandising and tenant mix

About the Company

Majid Al Futtaim Properties is one of MENAs leading diversified property companies with operations across shopping malls, hotels and mixed-use communities.

The Shopping Malls Business Unit, an industry leader, owns, manages and develops mall destinations that provide memorable shopping, entertainment and social experiences for its customers. Majid Al Futtaim Properties has pioneered the regional face of retail, leisure and entertainment, since the launch of its first mall, Deira City Centre in 1995. The companys mall portfolio includes 17 shopping centres across UAE, Bahrain, Oman, Egypt and Lebanon with a combined gross leasable area (GLA) of over 1 million sqm, more than 2,800 tenants and an increasing footfall of over 160 million visitors in 2013.

The Hotel Business Unit develops and manages hotels and branded serviced apartments that are synergistic with the companys malls. Majid Al Futtaim owns nine hotels in the UAE and two in Bahrain. Their strategic proximity to the malls contributes to welcoming over 1.2 million guests annually.

The Communities Business Unit develops quality mixed-use projects anchored by residential housing. Majid Al Futtaim currently has three communities under development. The Wave, a joint venture with the government of Oman to develop Muscats largest ocean-front integrated community; Al Zahia, a joint venture with the Government of Sharjah, to build the Emirates first gated residential community with a regional mall in a prime growth corridor; The 250,000 sqm Waterfront City development in Beirut, Lebanon, a joint venture with Socit Joseph Khoury & Fils Holding SAL to build Beiruts premier mixed used community with one of the largest marinas in the Mediterranean.

Majid Al Futtaim Properties is recognised as a sustainability leader in the MENA region. According to the 2013 Global Real Estate Sustainability Benchmark (GRESB) survey, the company ranks No. 1 in MENA, second in the Asia-Pacific region and in the top 133 property businesses worldwide. In 2013, Majid Al Futtaim launched its new five-year sustainability strategy with the vision to enhance peoples lives through sustainable real estate. This commitment is reflected in Majid Al Futtaim Properties pioneering standards, prosperous communities and high performance assets.