Posted
Ref: QP549-15

Job description / Role

Employment: Full Time

Main Accountabilities:
The Property Manager will be looking after the Group’s property portfolio, tenants, and landlords; ensuring tenant retention; analysing revenue maximization and cost minimization and facilities management; and enhancing the overall portfolio property value.

Property Rental Management:
• Be ultimately responsible for the Group’s property rental management
• Continuously analyse the market to establish the optimal rental prices, analyse costs, depreciation, yield, mortgage expenses, etc. on each property either owned by the group or rented from or out to 3rd parties
• Maximise the rental yield on the group’s property portfolio by managing tenants, obtaining new tenants, advertising the properties through various channels, interfacing and negotiating with tenants and landlords
• Negotiate contracts on company owned properties, retail properties, and plots; drafting lease agreements or sale agreements; negotiating the best terms and conditions
• Ensure compliance with relevant laws of Dubai Lands Dept., RERA, and the Civil Code
• Investigate and resolve tenant or landlord complaints, enforcing rules of occupancy, interfacing with Dubai Lands Dept, RERA and Dubai Courts as applicable.

Property Maintenance:
• Be ultimately responsible for the Group’s property maintenance management
• Maintain residential/commercial properties, plots and retail units rented out to or by the Group
• Enforce rules of occupancy
• Improve the existing preventive and reactive maintenance systems which are in place; maintain the log to track property maintenance
• Implement the ERP system to monitor facilities management and liaise with the Accounts & Finance team
• Inspect vacant units, complete repairs and plan renovations; implement the facilities management of the units with the engineering team; liaise with the FM team of engineers, supervisors and workers; and be ultimately responsible for the FM & Property Department

Management of Home Owners’ Association:
• Organising Board Meetings & General Meetings of the Home Owner’s Association (HOA) for obtaining service fee approvals, registration related approvals and vendor selection approvals
• Liaising with RERA and Dubai Lands Dept. to register HOA and service fee approvals

Purchasing of Land or Property:
• Manage the Group’s property purchases
• When the Group’s directors have identified a property or plot investment opportunity, conduct market survey to ascertain purchase price points
• Then execute and carry out the purchase by negotiating with brokers, drafting the legal purchase agreements, coordinating with lawyers, and registering the property at the Lands dept., and following up to obtain the title deeds, and taking handover of the property

Selling of Land or Property:
• Manage the Group’s property sales
• When the Group’s directors target particular property sales, conduct market survey to ascertain price points
• Then execute and carry out the sale by negotiating with brokers and using various channels to market the sale of the property such as:
• Draft the requisite legal sale agreements (and coordinate with lawyers if required)
• Get the sale agreements signed, deposits made, and follow through on the sale, with the buyer, brokers and Lands Dept.

Requirements

Ideal candidate should:
• Bachelor’s degree in Business, Finance or Law
• Have 4 years relevant UAE experience
• Have overall a minimum of 7-8 years work experience
• Experience in real estate and construction industry is desired
• Should be very articulate in written and spoken English and very presentable
• Should have leadership capability and ability to manage a team and work with people, and take sound decisions
• Will directly liaise with a team of 10 to 20 persons

About the Company

Fortes Holdings is a diversified group established in the UAE since 1975. Primarily starting off in the construction business, Fortes Holdings has grown into several companies operating in different vertical industries, namely real estate, construction, education, health and fitness, trade and investments of financial instruments and securities, and building materials trading.

The group works essentially as an incubator identifying and pursuing opportunities by leveraging its network and financial strength, and getting involved in the start-up phase, and then having the business spearheaded by a team of professionals.

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Property Manager salaries in UAE

Average monthly compensation
AED 14,500

Breakdown available for industries, cities and years of experience