[ref. w14405116] Dubai - Head of Real Estate/Asset Management

Job Description

We have solid roots deep in the UAE and KSA and manage assets across Turkey, Egypt, the UK, and other countries.

Job Purpose

The candidate should have a deep understanding of real estate markets, asset management principles, and a proven track record of delivering results in a fast-paced and dynamic environment.

Key Roles & Responsibilities

• Develop the objectives & KPIs for the Department, monitor the operating results, and ensure that appropriate measures are in place to achieve targeted objectives, reduce risk and make accurate decisions.
• Collaborate with the investment team to develop and implement a comprehensive real estate asset management strategy that aligns with the organization's overall investment objectives.
• Identify opportunities to optimize asset performance, improve cash flow, and enhance returns.

• Develop the Department's annual budget and ensure maintaining costs and expenditures within the set budget.
• Oversee the financial performance of the real estate portfolio, including budgeting, forecasting, and financial reporting.

• Develop Policies & Processes for the Department in line with ADG's standards and other applicable laws and regulations.

• Provide input and recommend continuous improvement as per leading practices taking into account international best practice changes in international standards and changes in the business environment which demand proactive action plans.
• Conduct research on market trends, economic conditions, and other factors that may impact the real estate portfolio.

• Identify the manpower requirements for the Department and ensure hiring a highly professional and knowledgeable workforce.
• Conduct annual performance appraisal for subordinates and recommend salary increments and promotions accordingly.
• Identify the training needs of employees and ensure training & development initiatives are successfully delivered and provide feedback to the Direct Manager.
• Delegate responsibilities and assign tasks to subordinates to facilitate performing different tasks and work-related activities.
• Manage subordinates attendance and leaves to ensure complying with ADG's attendance policy, as well as the availability of proper replacement during subordinates leaves.

• Prepare reports covering the main activities required by the job role such as properties performance reports or other customized reports as requested by the Direct Manager.
• Manage all Asset Management activities and ensure its optimal performance according to agreed-upon standards and terms.
• Ensure lease contracts are signed with the tenants and confirm all leases and corresponding paperwork are completed.

• Manage all aspects of leasing operations from contract execution to property handover and ensure prompt resolution of issues.
• Ensure all maintenance activities for all properties are completed in a timely manner.
• Conduct analysis on leasing trends and recommend leasing tenancy rates to maximize occupancy.
• Ensure achievement of performance against leasing targets and review the progress of leasing activities with the team on a regular basis.
• Develop effective relations with all tenants & leasing agents through property management companies to ensure they are aware of their rights and responsibilities.
• Resolve any issues escalated by tenants which are not resolved through the property management company.
• Oversee the monitoring of the current & future vacancies to proactively react to future occupancy needs.
• Perform ad-hoc and other duties related to the job as assigned by the Direct Manager.

• Bachelor's or Master's degree in Real estate, Business Administration, Finance, or Engineering.
• PMP certification / Diploma in Real Estate Development from reputed institute

• Minimum Experience of 9-15years of experience in the field of leasing and property management.
• Experience in managing large-scale real estate portfolios or similar assets.
• Knowledge of Yardi software will be more preferable.

• Strong Proficiency in English & Arabic.