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Vice President - Development
Aldar
Managing and performing individual development projects in residential, retail, and mixed-use assets from inception to completion, and leading business development activities for land and real estate assets.
18d ago
Expert & Leadership (13+ years), Experienced (8-12 years)
Full Time
Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates
Office Full-Time
Company Size
500 Employees
Service Specialisms
Property Development
Project Management
Construction services
Sales Centre operations
Customer Care
Sector Specialisms
Residential
Commercial
Retail
Hospitality
Leisure
Education
Investment Properties
Mixed-use Communities
Role
What you would be doing
risk management
financial model
feasibility study
budget monitoring
project coordination
procurement strategy
- Make recommendation to the Director on optimal and balanced solutions to problems arising during the development process
- Identify major issues or conflicts and recommend appropriate solutions
- Develop framework for preliminary prioritization / screening
- Support in deciding on design brief and manage input and performance from Project Management
- Produce and manage the development’s Risk Register
- Develop and prioritize pipeline of potential new developments on land bank
- Manage developments from inception to completion in accordance with the Investment Control Process to ensure timely delivery within established parameters
- Support in collaboration with internal sales, leasing and legal departments in the production of the Heads of Terms for sales contracts and retail leases.
- Support in the selection, negotiation, appointment of consultants, contractors and service providers based on Procurement’s recommendation
- Identify long-list of potential opportunities
- Support in sourcing new investment with third parties (e.g., JVs, project finance, etc.)
- Critique, analyze and challenge the design proposals presented by consultants and recommendations by internal resources to ensure that key development criteria are achieved
- Perform project costing in coordination with Project Management
- Manage development appraisal to ensure accuracy and identify factors impacting the development performance at the earliest opportunity
- Manage and perform individual development projects 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 manger
- Develop financial model in collaboration with Partnerships & Investment and other relevant functions
- Recommend developments portfolio strategy (including sub-segment mix)
- Perform feasibility studies for residential, retail and mixed-use assets and seek approval from line manager
- Support in the negotiation of the Heads of Terms for asset purchase and lease agreements with all 3rd party entities in collaboration with internal leasing and legal departments
- Monitor development budgets against projected and actual costs and recommend appropriate solutions on deviations
- Provide constant progress updates and monthly written reports on constructionprogress
- Support in deciding on refined commercial strategy based on recommendation from Commercial (e.g., ERV, retail mix, phasing, market timing, etc.)
- Develop and manage the Phasing and Procurement strategy in collaboration with Project Management
- Support in deciding on Asset, PM and FM strategy, ensure proper handover and coordination with PM and FM entities and Asset Manager
- Perform continuous monitoring of design and project deliverables, program and risk register
- Manage and perform the business development activities for land, residential retail and mixed-use assets
- Support in deciding on marketing strategy (e.g., marketing calendar, branding, etc.)
- Identify new own developments opportunities
- Support in sourcing developments pre-selling/pre-leasing guarantee from end-users
- Support in deciding on project schedule, anticipate and resolve possible roadblocks to completion of construction to ensure on-time project delivery
What you bring
degree
architecture
valuation
procurement
gcc
- Strong understanding of architectural design and construction
- Bachelor’s degree in real estate, land economics, property valuation, architecture or engineering
- Strong understanding of valuation, appraisals and financial modeling of residential and commercial development
- Solid understanding of contract procurement policies and procedures gained in the Procurement function of a real estate developer in the GCC real estate industry
- Strong knowledge and exposure to the GCC real estate market with large master developers with annual revenue of at least AED 2 billion
Information not given or found
Training + DevelopmentInformation not given or found
Interview process
Information not given or found
Visa SponsorshipInformation not given or found
Security clearance- the company may perform background checks, but specific details were not mentioned in the job description.
Company
Overview
26,000 homes
delivered
The company has built over 26,000 homes across its various projects.
AED 20B
assets under management
The company manages AED 20 billion in assets through its Development and Investment divisions.
AED 40B
coastal city project
The company broke ground on a massive AED 40 billion coastal city project called Fahid Island.
AED 1.57B net profit
financial performance
The company achieved a net profit of AED 1.57 billion in mid-2024, an 88% increase from previous periods.
- Born in 2004 and listed in Abu Dhabi in 2005, it has shaped million-sqm districts like Yas, Saadiyat and Al Raha.
- Blended two powerful divisions—Development and Investment—to build homes, retail hubs, hotels, schools, marinas and more.
- Behind iconic projects: the circular 'Coin' HQ, Yas Island’s F1 circuit, Ferrari World, Yas Waterworld and Abu Dhabi Central Market.
- Typical projects span master-planned communities, grade-A offices, luxury hotels, schools and mixed-use waterfronts.
- Integrity and transparency in everything we do.
- Customer-centricity, focused on delivering the highest quality service.
- Innovation through creativity and sustainable solutions.
- Collaboration and teamwork, fostering a culture of mutual respect.
- Commitment to excellence, continuously improving ourselves and our work.
- Social responsibility, contributing positively to the communities we serve.
30% Reduction
Operational Carbon Emissions Target
Aims to reduce operational carbon emissions by 2025, demonstrating a strong commitment to cutting emissions.
- Targeting net-zero carbon emissions by 2050.
- Significant reduction in water usage across operations and developments.
- Investing in energy-efficient technologies and green buildings.
- Adoption of the 'green building' certification for most of its projects.
- Active promotion of renewable energy sources within the portfolio.
30% Female Leadership
Target Representation
Aims to achieve 30% female representation in leadership roles by 2025.
- Initiatives to promote gender equality within the workplace.
- Focus on creating an inclusive culture that values diversity.
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