Director, Development | Real Estate | Hospitality - Al Futtaim Group

Overview Of The Role:

The Director of Development is a key figure in driving the company’s strategic vision for real estate projects. This role encompasses overseeing the full lifecycle of development projects, from strategic planning and market analysis to financial management and risk compliance. The position is highly collaborative, requiring engagement with cross-functional teams and external stakeholders to ensure projects align with organizational goals and market demands. Given the dynamic nature of the real estate industry, the Director must adeptly navigate complex project cycles, balancing agility with risk mitigation, and delivering projects that enhance organizational growth, profitability, and sustainability.

What You Will Do:

Strategic Planning & Market Analysis

Develop and implement strategic plans for real estate development projects, ensuring alignment with the organization’s overall strategy and long-term vision.
Conduct comprehensive market research to identify development opportunities, evaluate feasibility, and conduct competitor analysis.

Project Financial Management

Oversee all financial aspects of development projects, including budgeting, financial forecasting, and financial modeling to ensure optimal financial performance.
Ensure financial objectives are met by monitoring project costs and minimizing financial risks.

Development Lifecycle Management

Manage the development lifecycle, ensuring projects are delivered from inception through to completion, meeting all milestones and budget constraints.
Collaborate with finance, design, project management, and procurement teams to ensure seamless execution of development plans.

Stakeholder Relationship Management

Build and maintain strong relationships with internal and external stakeholders, including financial institutions, contractors, consultants, and regulatory authorities.
Engage with stakeholders regularly to communicate project progress, address concerns, and manage expectations.

Risk Management & Compliance

Identify potential risks to development projects, including market, financial, and operational risks, and develop proactive mitigation strategies.
Ensure all projects comply with local regulations, safety standards, and sustainability practices.

Team Leadership & Collaboration

Lead and inspire cross-functional teams, ensuring collaboration and fostering a culture of innovation and excellence.
Mentor and guide team members to achieve personal and professional growth.

Sustainability & Innovation

Integrate sustainability and innovation into all development projects, ensuring adherence to green building standards and incorporating cutting-edge technologies where appropriate.
Ensure environmental impact is minimized and long-term sustainability is considered in all developments.

Reporting & Documentation

Provide regular, detailed reports to senior management on the progress of development projects, highlighting key milestones, risks, and opportunities.
Ensure that all project documentation, including development briefs, feasibility studies, and financial reports, are accurate and up-to-date.

Job Details