Associate Director - Development

Job description / Role

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group's entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day

Overview of the role

Join our dynamic team and take the lead in shaping the future of real estate! We're seeking experienced and motivated developer to oversee and manage the development real estate projects, from pre-concept to completion. In this role, you'll collaborate with diverse stakeholders, including finance, marketing, asset management, design, and project delivery, to drive successful asset development within set timelines and budgets. Come contribute to our success and make a lasting impact on the built environment!

What you will do

- Develop and implement strategic plans for real estate development projects aligned with the organization's strategy.
- Conduct comprehensive market analysis to identify opportunities and assess project feasibility.
- Oversee the financial aspects of development projects, including budgeting, forecasting, and financial analysis.
- Develop comprehensive plans, outlining key milestones, timelines, and resource requirements.
- Collaborate with finance, design, project management and other departments to implement development plans.
- Oversee the entire development lifecycle, from project inception to completion, ensuring adherence to timelines, quality standards, and budget constraints.
- Build and maintain relationships with stakeholders and other relevant parties.
- Identify potential risks and challenges associated with development projects and implement proactive risk mitigation strategies.
- Provide regular and comprehensive updates to senior leadership on project status, risks, and opportunities.
- Prepare and present reports to stakeholders and other relevant parties.
- Foster a collaborative and innovative work environment to maximize performance.

Requirements

Required Skills to be successful

- 8+ years of experience in large-scale / complex Mixed Use real estate developments.
- Must have experience across all asset classes but predominantly Residential .
- 2+ years of experience in MENA region

What equips you for the role

- Bachelor's degree in a relevant discipline.
- Strong financial acumen and the ability to analyze and structure complex financial deals.
- Strong PowerPoint and Estate Master skills.
- In-depth knowledge of local and regional real estate markets, regulations, and industry trends.

About Al-Futtaim Group Real Estate
The real estate development and operations arm of Al-Futtaim, Al-Futtaim Group Real Estate is responsible for a multi-billion-dollar portfolio across MENA. With high-quality residential, business, retail, tourism, educational and healthcare developments, the master developer caters to the diverse needs of cities and communities in the region. From origination, conception, development, sales, procurement and construction of mega-projects and the leasing, operation and management of these projects after completion, Al-Futtaim Group Real Estate (AFGRE) has been developing and managing owned landbanks, unlocking the economic potential of the region and contributing to future development for more than 40 years.

Our focus is to enable and invest in meaningful relationships to make our properties the best places to live and work, build additional products and services and enable partnerships to create true value to our customers throughout their entire experience with us.
AFGRE is responsible for master planning of all projects in its portfolio, including two large scale mixed use destinations: Dubai Festival City and Cairo Festival City.

About the Company

Established in the 1930's, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940's and 50's saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region. Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt.

The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario. The Groups continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery.

The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Groups belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.