Director - Development

Job Purpose

• Oversee the development of feasibility studies on land, residential, retail and mixed-use
  
  
  

assets.

• Oversee the Operations and Commercial issues for own on-going development portfolio.
  
  
  

Roles & Responsibilities

• Oversee all business development activities:
• Develop DM portfolio strategy (including sub-segment mix) in conjunction with Partnerships
  
  
  

& Investments.

• Support in sourcing new investment with third parties (e.g., JVs, project finance, etc.) in
  
  
  

conjunction with Partnerships & Investments.

• Liaise, regularly, with the different functions to gather data on potential new development
  
  
  

opportunities.

• Supervise and manage the development and prioritization of pipeline of potential new
  
  
  

developments on land bank to recommend feasibility studies on specific projects for own

development:

• Identify long-list of potential opportunities.
• Develop framework for preliminary prioritization / screening.
• Oversee the development of feasibility study for residential, retail and mixed-use assets:
• Recommend project cost in coordination with Project Management.
• Recommend and challenge financial model & feasibility studies developed by direct reports.
• Liaise with Partnerships & Investments and other relevant functions on feasibility study.
• Take the final decision on critical tradeoffs with the project management:
• Develop design brief and share with project management.
• Decide on detailed designs developed by architects, ensure alignment with concept design.
• Decide on detailed project costs based on Procurement and Project Management input.
• Decide on approved list of contractors/consultants based on Procurement’s recommendation.
• Decide on project schedule, anticipate and resolve possible roadblocks to completion of
  
  
  

construction to ensure on time project delivery.

• Review master plan and detailed master plan submittals by the internal team and consultants.
• Ensure key procurement contract variations arising from differences in project design raising
  
  
  

major issues to related policies are addressed.

• Ensure provision of constant progress updates and monthly written reports on construction
  
  
  

progress, major issues or conflicts and anticipated roadblocks whenever appropriate.

• Decide on refined commercial strategy based on recommendation from Commercial prior to
  
  
  

delivery and for Dhold & Dsell.

• Decide on marketing strategy for land, residential, retail and mixed-use and commercial assets
  
  
  

(e.g., marketing calendar, branding, etc.).

• Decide on PM and FM strategy, ensure proper handover and coordination with asset
  
  
  

management on the transfer of ownership of projects once delivery phase is completed.

Qualifications & Experience

RELATED YEARS OF EXPERIENCE

Min of 16+ years of development management experience in managing major

developments of large real estate assets of at least AED 100 million in value

YOE IN MANAGERIAL POSITION

Min of 6+ years in a managerial position heading a development arm in a real estate /

development entity.

Field Of Experience

Real estate / development

Technical And Interpersonal Skills

• Strong knowledge and exposure to the GCC real estate market with large master
  
  
  

developers with annual revenue of at least AED 3 billion

• Strong understanding of delivery and commercial activities over the years in
  
  
  

leading projects through the different phases of asset development

• Solid understanding of contract procurement policies and procedures gained in
  
  
  

managing the Procurement function directly or indirectly in the GCC real estate

industry

• Excellent project management skills to manage multiple tasks across functions for
  
  
  

cost effective and timely development of the property per the development brief

QUALIFICATION

• Bachelors degree in architecture, engineering, business or economics
• MBA preferred