Assistant Vice President – Development – Aldar – Abu Dhabi

Description

<br RESPONSIBILITIES

ROLES

  • Help out with the continuing business development activities for land, residential retail and mixed-use assets as directed by the relative line manager.
  • Help out with developing feasibility studies for residential, retail and mixed-use assets and seek approval from line manager
  • Perform project costing in coordination with Project Management.
  • Develop financial model in collaboration with Partnerships & Investment along with other relevant functions
  • Liaise with Partnerships & Investments along with other relevant functions on feasibility studies.
  • Help out with developing feasibility study on owned land:
  • Recommend allocation of specific assets by segment on land plots
  • Recommend land phasing plan
  • Recommend in input to the pricing of land plots predicated on price benchmark of comparable land plots
  • Research and Recommend unit cost by land plot
  • Perform infrastructure costing in coordination with Operations. Perform advanced cost break down of infrastructure (recoverable versus non recoverable costs)
  • Develop financial model and feasibility studies. Liaise with various Investment Analysis along with other relevant functions on feasibility study
  • Review the Delivery team progress and report on progress of the delivery and the timely handing over of government related assets to lessen O+M costs and land costs
  • Collate input from internal and external stakeholders. Report and review on pre-concept test fit, concept master plan and detailed master plan developed and managed by the master planning function.
  • Help out with review, update , recommend and report on the allocated land bank from inception, design, delivery of infrastructure, authority handovers, development and sales on land plots.
  • Use market intelligence reports to recommend land use requirements for master plans; matching supply with demand.
  • Use Market reports and media Publication to recognize trends in Development products linked to life-style and recommend land use and products that may overall improve the project attractiveness and profitability.
  • Review and update development manager on schedules for land development together with Controls and Delivery.
  • Perform continuous tabs on project and design deliverables, risk and program 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 in choosing refined commercial strategy predicated on recommendation from Commercial (e.g. pricing, sales phasing, etc.)
  • Support in choosing online marketing strategy (e.g. marketing calendar, branding, etc…)
  • Support in choosing Asset, FM and pm strategy, ensure proper coordination and handover with PM and FM entities and Asset Manager.

Qualifications


YoE / QUALIFICATIONS / SKILLS

RELATED YEARS OF EXPERIENCE
Min of: 8+ years of development management experience in managing the
development of large residential and retail property assets of over AED 500 million in value.

YOE IN MANAGERIAL POSITION
Min of: N/A

FIELD OF EXPERIENCE
Property

iNTERPERSONAL and

TECHNICAL SKILLS
  • Strong knowledge of valuation, appraisals and financial modeling of commercial and residential development.
  • Strong knowledge and contact with the GCC market with large master developers with annual revenue of at the very least AED 2 billion.
  • Strong knowledge of architectural construction and design.
  • Solid knowledge of contract procurement policies and procedures gained in the Procurement function of a genuine estate developer in the GCC real estate business

QUALIFICATION
Bachelor degree in property, land economics, property valuation, architecture or engineering


Primary Location
: AE-AZ-Abu Dhabi


Job
: Development Management


Organization
: Development-1


Employee Status
: Direct Hire


Job Type
: Standard


Job Posting
: Sep 16, 2021, 3:32:15 AM

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