Associate Development

Job Purpose

Assist in the implementation of all new developments in achieving required project deliverables as directed by the senior manager

Roles And Responsibilities

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

Assist and track the overall development budget per project

Review critical tradeoffs with the project management team

Support in deciding on design brief and share with the project management

Support in deciding on refined commercial strategy based on recommendation from Commercial (e.g., pricing, sales phasing, 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 4+ 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, property development, financial institutions related to property management or development

Technical And Interpersonal Skills

Good Financial and analytical skills

Good communication and presentation skills

Basic project management skills

QUALIFICATION

Bachelor’s degree in finance, property management or a related financial field