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Aldar Properties

Real estate development and asset management

Vice President - Development

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

About the Job

Requirements

  • At least 10 years of development management experience managing development of large residential and retail real estate assets valued over AED 500 million.
  • At least 2 years of managerial experience.
  • Strong understanding of valuation, appraisals, and financial modeling for residential and commercial development.
  • Strong knowledge and exposure to the GCC real estate market 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.
  • Bachelor’s degree in real estate, land economics, property valuation, architecture, or engineering.

Responsibilities

  • Manage and perform individual development projects from inception to completion, coordinating multidisciplinary internal and external consultants and stakeholders to achieve required project deliverables as directed by the line manager.
  • Manage and perform business development activities for land, residential, retail, and mixed-use assets.
  • Identify new own-development opportunities.
  • Recommend development portfolio strategy, including sub-segment mix.
  • Support sourcing new investment with third parties, such as joint ventures and project finance.
  • Support sourcing development pre-selling or pre-leasing guarantees from end users.
  • Develop and prioritize a pipeline of potential new developments on the land bank.
  • Identify a long list of potential opportunities.
  • Develop a framework for preliminary prioritization and screening.
  • Perform 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 a financial model in collaboration with Partnerships & Investment and other relevant functions.
  • Manage development appraisal to ensure accuracy and identify factors affecting development performance at the earliest opportunity.
  • Manage developments from inception to completion in accordance with the Investment Control Process to ensure timely delivery within established parameters.
  • Recommend optimal and balanced solutions to the Director for problems arising during the development process.
  • Support deciding on the design brief and manage input and performance from Project Management.
  • Critique, analyze, and challenge design proposals from consultants and recommendations from internal resources to ensure key development criteria are achieved.
  • Develop and manage the phasing and procurement strategy in collaboration with Project Management.
  • Support selection, negotiation, and appointment of consultants, contractors, and service providers based on Procurement’s recommendation.
  • Support decisions on the project schedule and anticipate and resolve possible roadblocks to construction completion to ensure on-time project delivery.
  • Produce and manage the development’s risk register.
  • Continuously monitor design and project deliverables, program, and risk 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 for deviations.
  • Support negotiation of heads of terms for asset purchase and lease agreements with third-party entities in collaboration with internal leasing and legal departments.
  • Support internal sales, leasing, and legal departments in producing heads of terms for sales contracts and retail leases.
  • Support decisions on refined commercial strategy based on Commercial’s recommendations, including estimated rental value, retail mix, phasing, and market timing.
  • Support decisions on marketing strategy, including marketing calendar and branding.
  • Support decisions on Asset, Project Management, and Facilities Management strategy; ensure proper handover and coordination with Project Management, 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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