Manager - Development

Aldar Properties

UAE

Ref: OP548-24

Job description / Role

Employment: Full Time

Job Summary:
* Assist in leading individual development projects from inception to completion which involves the management and co-ordination of multi-disciplinary internal and external consultants and stakeholders to achieve the required project outcomes

Roles and Responsibilities:
* Perform business development activities for development assets
* Identify new own development opportunities
* Recommend DM 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 guarantee from end-users
* Assist in developing feasibility studies for development assets and seek approval from Development Director as specified.
* Perform project costing in coordination with Operations
* Develop financial model in collaboration with Investment Analysis and other relevant functions
* Manage development appraisal to ensure accuracy and identify factors impacting the development performance at the earliest opportunity.
* Assist in managing developments from inception to completion in accordance with the Investment Control Process to ensure timely delivery within established parameters.
* Make recommendation to Director of Development on optimal and balanced solutions to problems arising during the development process
* Support in deciding on design brief and manage input and performance from Operations
* Critique, analyse 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 Operations.
* Support in deciding on detailed project costs based on Procurement and Operations 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 relevant Development Director.
* 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 Asset Management 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 the Director of Development in collaboration with internal sales and legal departments in the production of the Heads of Terms for sales contracts.
* Support in deciding on refined commercial strategy based on recommendation from Commercial (e.g. pricing, sales phasing, etc...)
* Support in deciding on marketing strategy for build to sell development assets (e.g. marketing calendar, branding, etc...)
* Support in deciding on PM and FM strategy, ensure proper handover and coordination with PM and FM entitiesReporting Lines:

* Report to: Chief Development Officer
* Report From: None

Requirements

* Bachelor degree in real estate , land economics, property valuation, architecture or engineering
* 8 + years of development management experience in managing the development of large real estate assets of at least AED 500 million in value
* Strong understanding of valuation, appraisals and financial modeling of development assets
* 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 developed over the years in working on projects through the Delivery phase of asset development
* Solid understanding of contract procurement policies and procedures gained in the Procurement function of a real estate developer in the GCC real estate industry

Interpersonal skills:
* Ability to make pitches for real estate development ideas and concepts
* Excellent development management skills to manage multiple tasks across functions (Delivery, Procurement) for cost effective and timely development of the property
* Strong conflict management skills to resolve any issues that are abound to arise in such a cross functional business process

Key Performance Indicators:
* Realized v/s planned financial returns of projects under supervision
* % time over-run of projects under supervision
* % cost over-run of projects under supervision
* Number of development issues resolved/number of development issues raised for developments under supervision

About the Company

The company has developed some of Abu Dhabi's most iconic and complex projects, from the Formula 1 facilities on Yas Island to the thriving new Shams Abu Dhabi community on Reem Island. Its property portfolio is diversified and balanced, with residential communities accounting for around half of assets, retail property representing a third, and the remainder split between commercial and hospitality.

With a land bank of over 77 million square metres, 90 percent of which is in special investment zones, Aldar Properties is focused on serving the growing demand in the UAE for high-quality and professionally managed property.

Aldar Properties is a strong partner of the Abu Dhabi government, which is a major shareholder. The business is aligned with the Emirates Vision 2030 strategy of economic diversification and social infrastructure development.

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Maintenance Manager salaries in UAE

Average monthly compensation
AED 12,000

Breakdown available for industries, cities and years of experience