The Role
The Associate develops feasibility studies, project costing, and financial models for real estate developments, coordinating with various stakeholders to ensure project deliverables are met.
Summary Generated by Built In
JOB PURPOSE
Assist in the implementation of all new developments in achieving required project deliverables as directed by the senior manager
ROLES AND RESPONSIBILITIES
Assist in developing 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
Assist in developing feasibility study on owned land:
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. Liaise with various 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
Collate input from internal and external stakeholders. Review and Report on pre-concept test fit, concept master plan and detailed master plan managed and developed by the master planning function
Assist in 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
Use Market reports and media Publication to identify trends in Development products related to lifestyle and recommend land use and products that can overall enhance the project attractiveness and profitability
Review and update development manager on schedules for land development in conjunction with Delivery and Controls
Assist and track the overall development budget per project
Review critical tradeoffs with the project management team
Support in deciding on design brief and share with the project management
Support in deciding on refined commercial strategy based on recommendation from Commercial (e.g., pricing, sales phasing, etc.)
Support in deciding on Asset, PM and FM strategy, ensure proper handover and coordination with PM and FM entities and Asset Manager
RELATED YEARS OF EXPERIENCE
Min of 4+ years of development management experience in managing the development of large residential and retail real estate assets of over AED 500 million in value.
YOE IN MANAGERIAL POSITION
Min of: N/A
FIELD OF EXPERIENCE
Real estate, property development, financial institutions related to property management or development
TECHNICAL AND INTERPERSONAL SKILLS
Good Financial and analytical skills
Good communication and presentation skills
Basic project management skills
QUALIFICATION
Bachelor’s degree in finance, property management or a related financial field
Top Skills
Financial Modeling
Project Management Software
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The Company
What We Do
AlDar Properties was incorporated in 2004 by the founder, Mr. Sulaiman Al-Banai.
The company is engaged in property management of multi-family residential properties & commercial properties throughout Doha, Qatar.
We are focused on maintaining a large diverse portfolio of properties; furnished, semi-furnished & unfurnished. Here at AlDar Properties, we are committed in giving our valued customers the best quality at affordable prices, with no agency fee. We are simply the experts in the art of real estate with a team that is trained to understand all of your needs and provide you with clear expert advice to help you easily navigate the process and give you the best living experience
