Vice President - Development

Vice President - Development

Role: TALENTMATE Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates

Responsibilities

• Manage and perform development projects from inception to completion, coordinating multi-disciplinary internal and external consultants and stakeholders to achieve required deliverables as directed by the line manager.
• Manage and perform business development activities for land, residential, retail and mixed-use assets.
• Identify new development opportunities and recommend portfolio strategy (including sub-segment mix).
• Support sourcing of new investments with third parties (e.g., JVs, project finance).
• Assist in sourcing pre-selling/pre-leasing guarantees from end-users.
• Develop and prioritize a pipeline of potential new developments on land banks; identify a long-list of opportunities and create a framework for preliminary prioritization/screening.
• Perform feasibility studies for residential, retail and mixed-use assets and seek approval from the line manager.
• Coordinate project costing with Project Management and develop financial models with Partnerships & Investment and other relevant functions.
• Manage development appraisal to ensure accuracy and identify factors impacting performance early.
• Oversee developments from inception to completion in line with the Investment Control Process to ensure timely delivery within established parameters.
• Recommend optimal and balanced solutions to problems arising during the development process; assist in deciding on design brief and manage input from Project Management.
• Review design proposals from consultants and internal resources to ensure key development criteria are met.
• Develop and manage phasing and procurement strategies in collaboration with Project Management; support in selecting, negotiating, and appointing consultants, contractors and service providers based on Procurement recommendations.
• Decide on project schedule, anticipate and resolve roadblocks to ensure on-time delivery; maintain the development Risk Register and monitor design, deliverables, program and risks.
• Provide progress updates and monthly reports on construction progress; identify major issues or conflicts and recommend solutions.
• Monitor development budgets against projected and actual costs; propose solutions for deviations.
• Support in negotiating Heads of Terms for asset purchases and leases with third parties, in collaboration with internal leasing and legal departments; support in producing Heads of Terms for sales contracts and retail leases with internal teams.
• Contribute to refining commercial strategy (ERV, retail mix, phasing, market timing) and to marketing strategy (calendar, branding); ensure alignment with Asset, PM and FM strategies and proper handover to PM and FM entities and Asset Manager.

Qualifications & Experience

• Min of 10+ years of development management experience in managing large residential and retail real estate assets valued over AED 500 million.
• Min of 2+ years of managerial experience.
• Field of experience: Real estate.
• Strong understanding of valuation, appraisals and financial modeling for residential and commercial development.
• Strong knowledge of GCC real estate market with exposure to 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 in the GCC real estate industry.

Technical & Interpersonal Skills

• Strong understanding of architectural design and construction; solid understanding of valuation, appraisals and financial modeling.
• Proven ability to coordinate across multidisciplinary teams and manage complex development projects.

Education

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

Job Details

• Role Level: Executive-Level
• Work Type: Full-Time
• Country: United Arab Emirates
• City: Abu Dhabi
• Company Website:
• Job Function: Business Development and Sales
• Industry/Sector: Real Estate

Disclaimer: This description is provided for talent matching purposes and reflects the information presented on the posting. Candidates should verify details with the employer. EEO statements and legal notices may apply.