Director of Development - Real Estate

RAK Properties

UAE

Ref: QP868-15

Job description / Role

Employment: Full Time

The role of "Director of Developments" is to oversee the overall execution of all real estate projects and infrastructure in a timely manner & observe the highest standards in the industry.

Reporting to: COO

Key Responsibilities:
• Direct development activities and provide strategic leadership and tactical implementation for the organization’s projects.
• Responsible for all Planning, Strategy and Master Planning Approvals. Leading Permitting Strategies, Planning Structures, and Procedures.
• Manage internal and external teams to ensure that feasibility, program, design, technical, quality and leasing specifications of projects are achieved through to completion and handover.
• Oversee and review preparation of project specific Development and Design briefs to reflect project intent and objectives.
• Prepare the development and operational business plans (including market research, due diligence reports, financial analysis, investment strategy, anchors strategy, pricing, sale and lease strategy, risk register and exit strategy) of the projects.
• Implementation and Execution of general principles in contracts, expenses, service level agreements, etc. and maintain a broader business perspective.
• Expert knowledge of the Properties organization and key partners: various areas and primary objectives (e.g., real estate, construction architecture, facilities, lease and property management, retail merchandising, market analysis, etc.).
• Establish, update and regularly report on the consolidated risk-register and mitigation measures.
• To ensure the project – development in timely and cost effective.
• Managing the project within the budget.
• Experience in value engineering.
• Instruct, organize and coordinate all development disciplines with the objective of harmonizing the diversified functions to deliver completed projects in accordance with the objectives established in the approved business plan.
• Review the property laws and provide advice on its impact on the development.
• Develop and actively lead the risk mitigation measures to ensure that the business cases are secured to meet profit and turnover targets.
• Anticipate and oversee project budgets and project/process plans. Approves expenses and project change requests. Understands tradeoffs and budget implications. To make sure portfolio of projects is completed on time, on budget, and meets scope expectations.

Requirements

• Bachelor's/Master’s Degree in Engineering, Architecture or equivalent.
• Minimum of 15 years of development management experience on major real estate development projects, primarily master planned High rise building, Hotels and Gated communities. Experience in the GCC real estate sector is highly desirable, especially in UAE.

Skills:
• Proven expertise in real estate development management, program management, financial analysis, property appraisals, business analysis, financial modeling & real estate market dynamics.
• Substantial experience managing the real estate development process, from project initiation, acquisition, to project structuring, design, construction, commission and operation.
• Exceptional communication and negotiation abilities with strong organizational skills and capacity to work under pressure.
• Easily adapts and responds to unpredictable and unexpected events, pressures, situations and job demands.
• Any Nationality with working knowledge of Arabic language would be preferred.

About the Company

RAK Properties is one of the leading property development and tourism infrastructure firms in the UAE.

With proven excellence in a wide range of projects including mixed-use community developments, strategically placed retail shops, health spas and hotels, RAK Properties Public Joint Stock Company (PJSC) plays a central role in shaping the lifestyle of residents of the United Arab Emirates.

Founded in 2005 from the vision of His Highness Sheikh Saud Bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, RAK Properties delivers high-quality and professionally managed projects that provides its customers with the highest level of service, while maximizing the value of their investments.

RAK Properties has sound capital of AED 2 Billion. The Initial Public Offering (IPO) of RAK Properties in early 2005 was over subscribed by almost 57 times. In its mission to lead the development of real estate and tourism infrastructure in Ras Al Khaimah. RAK Properties aims to attract foreign investors of repute to launch state of the art projects, including luxurious hotels, resorts and malls. In doing so, RAK Properties serves as a catalyst for a dynamic property market in both Ras Al Khaimah and the wider United Arab Emirates.

Get personalised updates on latest vacancies
Job Alerts by Email
  • Personalised updates on latest career opportunities
  • Insights on hiring and employment activity in your industry
  • Typically sent twice a month
Director salaries in UAE

Average monthly compensation
AED 43,000

Breakdown available for industries, cities and years of experience