Vice President - DM Portfolio

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 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. 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 •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 constructionprogress -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 RELATED YEARS OF EXPERIENCE Min of 8+ years of development management experience in managing the development of large residential and retail real estate assets of over AED 500 million in value YOE IN MANAGERIAL POSITION Min of: N/A FIELD OF EXPERIENCE Real estate 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 •Bachelor’s degree in real estate, land economics, property valuation, architecture or engineering

Bachelor’s degree in real estate, land economics, property valuation, architecture or engineering. Min of 8+ years of development management experience in managing the development of large residential and retail real estate assets of over AED 500 million in value.

Assist in managing development projects activities from inception to completion, coordinating internal and external consultants and stakeholders to achieve project deliverables. Assist in business development for land, residential, retail and mixed-use assets; identify new development opportunities; source investments with third parties (JVs, project finance); source pre-selling/pre-leasing commitments from end-users. Develop feasibility studies for residential, retail, and mixed-use assets; perform project costing; develop financial models with Partnerships & Investment; liaise on feasibility studies. Develop feasibility for owned land; recommend asset allocation by land segment, land phasing, pricing input, unit cost by land plot; perform infrastructure costing; develop financial models and liaise with Investment Analysis. Review land bank from inception to handover, including infrastructure delivery and government asset handover to reduce O+M and land costs. Review and report on pre-concept fit, master plan concepts, and detailed master plans; update land bank allocations, master planning progress, and delivery timelines. Use market intelligence and reports to inform land use requirements and product strategies; identify trends in development products to enhance attractiveness and profitability. Monitor schedules for land development with Delivery and Controls; provide monthly progress reports on construction progress; identify issues and propose solutions; monitor development budgets and deviations. Support refined commercial strategy (pricing, sales phasing) and marketing strategy (calendar, branding); ensure coordination with Asset Manager and PM/FM teams.