Vice President - Development

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.

This role is for UAE National only.

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 and liaise with 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.