Job Requisition ID: 171615
Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.
By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day
Overview of the role:
What you will do:
- Develop and implement the Asset Management strategy to maximise and enhance the financial and operational performance of the Portfolio.
- Manage the full Profit and Loss statement of each project (residential and commercial)
- Develop strategic management plans including detailed budgets, quarterly forecasts, and Capex
- Determine in conjunction with the Residential Sales & Leasing teams the appropriate tenant mix, lease tenure and asset weighting for the portfolio with a strong focus on continuity of cash flow, diversification of asset specific risk, and long term value.
- Liaise with internal & external parties and service providers, through the Property Management team, regarding all aspects of property, asset and facility management. In particular maintenance responsibilities of service providers and obligations of utility companies.
- Monitor all property management financial transactions relative to the portfolio including contractual obligations, purchasing and procurement requests.
- Overlook the FM service level agreements and FM service contracts for the portfolio.
- Be updated of the real estate market activities trends and law to assess possible implications on tenancy, financial and physical aspects of the property portfolio
- Leasing of Commercial premises; both retail and office. Working with retained agents in Dubai to market the available space and conclude rental negotiations. Retention of tenants by successful renewal discussions.
- Assist the Finance Team to develop, manage and recover service charges for residential and commercial properties.
- Manage and direct the property managers allocated to the portfolio.
Required skills to be successful:
- Knowledge of Computer Aided Facilities and Property Management systems
- Must have the full capability to read, analyse, and interpret financial reports, together with technical and legal documents in English language
- Ability to define problems, collect data, establish facts, and draw valid conclusions.
- Excellent people skills and experience in managing medium – large teams.
- Good business development and negotiation skills; wide real estate network an advantage.
- Good communication skills when working with multi-cultural colleagues and customers
- Computer literacy - Word, Excel, PowerPoint.
What Equips you for the role:
- Bachelor’s degree in Real Estate, Finance, Business Administration, or related field (Master’s preferred).
- Strong financial acumen, including budgeting, forecasting, and investment analysis.
- Proficiency in property management software (e.g., Yardi, MRI) and Microsoft Excel.
- 5+ years of experience in asset management or property management.
- Experience of working on a project and contributing with input through the design period
About Al-Futtaim Group Real Estate
The real estate development and operations arm of Al-Futtaim, Al-Futtaim Group Real Estate is responsible for a multi-billion-dollar portfolio across MENA. With high-quality residential, business, retail, tourism, educational and healthcare developments, the master developer caters to the diverse needs of cities and communities in the region. From origination, conception, development, sales, procurement and construction of mega-projects and the leasing, operation and management of these projects after completion, Al-Futtaim Group Real Estate (AFGRE) has been developing and managing owned landbanks, unlocking the economic potential of the region and contributing to future development for more than 40 years.
Our focus is to enable and invest in meaningful relationships to make our properties the best places to live and work, build additional products and services and enable partnerships to create true value to our customers throughout their entire experience with us.
AFGRE is responsible for master planning of all projects in its portfolio, including two large scale mixed use destinations: Dubai Festival City and Cairo Festival City.
