Senior Manager - Retail Development | Real Estate | Asset Development

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United A”rab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organisation to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate. 

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.

Overview of the role:

It is a crucial role in overseeing and managing the development of real estate projects from conception to completion, with responsibility for the complete project development process. It involves working closely with various stakeholders, including finance, marketing, asset management, design, project delivery, to ensure successful asset development within established vision, timelines and budgets.

What you will do:

• Develop and implement strategic plans for real estate development projects aligned with the organization's strategy.
• Determine the optimum land use and define each project vision based on market research and macroeconomic analysis.
• Prepare Development Briefs and Reports including identification of opportunities/risks; site conditions; outline project/stakeholders’ requirements; Financial Aspects, cost estimates and anticipated revenues; market studies; range of consultants and others to be engaged for the project; project feasibility studies and appraisals; funding options; project timeframe; proposed future actions and recommendations.
• Prepare and obtain different documents required for the preparation and approval of Preliminary, Investment, and Project Budgets by different stakeholders in compliance with AFGRE policies and procedures.
• Establish and oversee a budget for the Projects, ensure that Target KPIs (Sales Development Margin, NPV & IRR) are maintained, and lead necessary actions to mitigate any impact on project KPIs or enhance current KPI.
• Obtain information on project costs and anticipated revenues; communicate information to different teams to prepare Feasibility Business Cases.
• Lead the preparation for Sales and Leasing Committee meetings and advise, as a main member of the committee, on the sound pricing & sales strategies after performing necessary sales & market analysis
• Regularly engage with the Leasing team, updating on progress and establishing any design requirements for occupiers, both generic and for a specific prospective tenant.
• Define & identify Unique Selling Points of different real estate products and ensure these USPs are met in the design and ensure that the intended messages about the CFC brand and products are effectively communicated by the marketing activities providers.
• Monitor performance; report on development; review programs; and confirm cost and program compliance with business cases, and present designs to ensure adherence to time, cost, and quality requirements.
• Monitor and report on adherence to signed-off design during construction & manage non-compliance/defect resolution.
• Actively manage project administration, including RFI process and client-driven options and instructions, to minimize negative impact on program, cost & specification and optimize unforeseen opportunities.
• Ensure that as-built information is produced in accordance with the building contract.
• Provide regular and comprehensive updates to senior leadership on project status, risks, and opportunities.