Senior Associate - Development, Abu Dhabi, UAE

This job is OPEN to APPLY for ALL Nationalities, unless otherwise specified.
We need a Senior Associate - Development

JOB DESCRIPTION: Responsibilities:

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

• Assist in 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 and other relevant functions

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

• Assist in 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 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. Liaise with various 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

• Collate input from internal and external stakeholders. Review and Report on pre-concept test fit, concept master plan and detailed master plan managed and developed by the master planning function

• Assist in 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

Key Result Areas:

• Realized vs planes financial returns of projects under supervision

• % time overrun of projects under supervision

• % cost overrun of projects under supervision

• Number of development issues resolved/raised under supervision.

Years of Experience:

• Min of 6+ years of development management experience in managing the development of large residential and retail real estate assets of over AED 500 million in value.

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.

Qualifications:

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

DETAILS TO REGISTER FOR THIS JOB:

Send your updated ATS-compliant CV:


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