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 listed

About the Job

Requirements

A minimum of 10 years of development management experience managing development of large residential and retail real estate assets valued at over AED 500 million.
Experience in real estate development.
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.
A bachelor's degree in real estate, land economics, property valuation, architecture, or engineering.

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 development 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 for 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 price benchmarks for comparable land plots.
Research and recommend unit costs by land plot.
Perform infrastructure costing in coordination with Operations.
Prepare high-level infrastructure cost breakdowns, distinguishing recoverable from non-recoverable costs.
Develop financial models and feasibility studies and liaise with Investment Analysis and other relevant functions on feasibility studies.
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, report, and recommend 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, matching 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, the program, and the 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 decisions on refined commercial strategy based on recommendations from Commercial, including pricing and sales phasing.
Support decisions on marketing strategy, including the marketing calendar and branding.
Support decisions on Asset, PM, and FM strategy, ensuring proper handover and coordination with PM and FM entities and the Asset Manager.

JOB PURPOSE

Perform and assist in the managing of development projects activities from inception to completion which involves co-ordination of multi-disciplinary internal and external consultants and stakeholders to achieve the required project deliverables as directed by the line manager.

This role is for UAE National only.

ROLES AND RESPONSIBILITIES

•Assist in managing business development activities for land, residential retail and mixed-use assets as directed by the line manager.

-Support in identifying new own developments opportunities.

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

-Support in sourcing developments pre-selling/pre-leasing guarantee from end-users.

•Develop 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 and other relevant functions.

-Liaise with Partnerships & Investments and other relevant functions on feasibility studies.

•Develop feasibility study on owned land, in conjunction with the line manager:

-Recommend allocation of specific assets by segment on land plots.

-Recommend land phasing plan.

-Recommend in input to the pricing of land plots based on price benchmark of comparable land plots.

-Research and Recommend unit cost by land plot.

-Perform infrastructure costing in coordination with Operations.

-Perform high level cost breakdown of infrastructure (recoverable versus non recoverable costs).

-Develop financial model and feasibility studies and liaise with Investment Analysis and 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 reduce O+M costs and land costs.

•Review and Report on pre-concept test fit, concept master plan and detailed master plan managed and developed by the master planning function.

•Review, update, report and recommend on the allocated land bank from inception, design, delivery of infrastructure, authority handovers, sales and development 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 identify trends in Development products related to lifestyle and recommend land use and products that can overall enhance the project attractiveness and profitability.

•Review and update development manager on schedules for land development in conjunction with Delivery and Controls.

•Perform continuous monitoring of 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 on deviations.

•Support in deciding on refined commercial strategy based on recommendation from Commercial (e.g., pricing, sales phasing, etc.).

•Support in deciding on marketing strategy (e.g., marketing calendar, branding, etc.).

•Support in deciding on Asset, PM and FM strategy, ensure proper handover and coordination with PM and FM entities and Asset Manager.

QUALIFICATIONS & EXPERIENCE

RELATED YEARS OF EXPERIENCE:

A minimum of 10 years of development management experience in managing the development of large residential and retail real estate assets of over AED 500 million in value.

FIELD OF EXPERIENCE:

Real estate development.

TECHNICAL AND INTERPERSONAL SKILLS:

•Strong understanding of valuation, appraisals, and financial modeling of 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.

QUALIFICATION(S):

•Bachelor’s degree in real estate, land economics, property valuation, architecture, or engineering.

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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