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Aldar Properties

Real estate development and asset management

Vice President - DM Portfolio

Real Estate DevelopmentConfirmed live in the last 24 hours
Full-timeAbu Dhabi - United Arab EmiratesNo salary listedIn-person

About the Job

Requirements

  • At least 8 years of development management experience managing development of large residential and retail real estate assets valued above AED 500 million.
  • Bachelor’s degree in real estate, land economics, property valuation, architecture, or engineering.
  • Strong understanding of valuation, appraisals, and financial modeling for residential and commercial development.
  • Strong knowledge of and exposure to the GCC real estate market, including experience with large master developers with annual revenue of at least AED 2 billion.
  • Strong understanding of architectural design and construction.
  • Solid understanding of contract procurement policies and procedures gained in the procurement function of a real estate developer in the GCC real estate industry.

Responsibilities

  • Perform and assist in managing development project activities from inception to completion, coordinating multidisciplinary internal and external consultants and stakeholders to achieve project deliverables as directed by the line manager.
  • Assist in managing business development activities for land, residential, retail, and mixed-use assets as directed by the line manager.
  • Support identification of new own-development opportunities.
  • Support sourcing new investments with third parties, including joint ventures and project finance.
  • Support sourcing pre-selling or pre-leasing guarantees from end users.
  • Develop feasibility studies for residential, retail, and mixed-use assets and seek approval from the line manager.
  • Perform project costing in coordination with Project Management.
  • Develop financial models in collaboration with Partnerships & Investment and other relevant functions.
  • Liaise with Partnerships & Investments and other relevant functions on feasibility studies.
  • Develop feasibility studies on owned land in conjunction with the line manager.
  • Recommend allocation of specific assets by segment on land plots.
  • Recommend land phasing plans.
  • Recommend input to land-plot pricing based on comparable-plot price benchmarks.
  • Research and recommend unit costs by land plot.
  • Perform infrastructure costing in coordination with Operations, including high-level breakdowns of recoverable and non-recoverable infrastructure costs.
  • Develop financial models and feasibility studies, liaising with Investment Analysis and other relevant functions.
  • Review Delivery team progress and report on delivery progress and timely handover of government-related assets to reduce operations and maintenance costs and land costs.
  • Review and report on pre-concept test fits, concept master plans, and detailed master plans managed and developed by the master planning function.
  • Review, update, and report on the allocated land bank from inception through design, infrastructure delivery, authority handovers, sales, and development on land plots.
  • Use market intelligence reports to recommend land-use requirements for master plans and match supply with demand.
  • Use market reports and media publications to identify trends in development products related to lifestyle and recommend land uses and products that can enhance project attractiveness and profitability.
  • Review and update the development manager on land-development schedules in conjunction with Delivery and Controls.
  • Continuously monitor design and project deliverables, programs, and risk registers.
  • Provide 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 solutions for deviations.
  • Support decisions on refined commercial strategy based on Commercial recommendations, including pricing and sales phasing.
  • Support decisions on marketing strategy, including marketing calendars and branding.
  • Support decisions on asset, property management, and facilities management strategy, ensuring proper handover and coordination with property management and facilities management entities and the Asset Manager.

About the Company

Aldar Properties

Real estate development and asset management

Aldar Properties is a real estate developer and asset manager in Abu Dhabi. It operates two segments: Aldar Development, which builds and sells land, homes, and commercial spaces (such as Yas Island and Saadiyat Island), and Aldar Investment, which owns and manages rental and income-generating assets like Yas Mall, offices, residences, and hotels. The company earns from property sales and from ongoing rental and asset income, relying on a mix of development projects and a steady income portfolio. Its goal is to shape Abu Dhabi’s urban landscape with large, long-term projects while expanding its asset base and regional footprint.

Company size
5,001-10,000
Company stage
IPO
Headquarters
Abu Dhabi, United Arab Emirates
Founded
2004

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