About the job
Majid Al Futtaim invites you to join us in our quest to create great moments for everyone, everyday! We are the leading shopping mall, residential communities, retail and leisure pioneer across the Middle East, Africa and Asia, serving over 560 million visitors a year. For the past two decades, we have shaped the consumer landscape across the region, transforming the way people shop, live and play, while maintaining a strong sustainability track record and the largest mall in the world to attain LEED Gold EBOM Certification. We have over 45,000 team members in 17 international markets representing over 100 nationalities – all keeping the customer at the heart of everything we do. If you enjoy being BOLD, PASSIONATE and TOGETHER, then Majid Al Futtaim is the destination for you.
JOB TITLE
Head Of Real Estate and Leasing | MAF Entertainment | Finance Department
Role Summary
The role of the Head of Real Estate is to ensure development opportunities, negotiations, acquisitions, and management agreements are valid and meet the long-term companywide agreements and are pursued accurately across Entertainment territories. This role will support the team on development requirements and efficiencies and build the capabilities on an individual level and as part of the development team.
ROLE PROFILE
Develop and execute a real estate strategy that aligns with the company's overall business goals. Identify, evaluate, and negotiate real estate opportunities, including land acquisitions, leases, and development agreements.
Oversee the development of new properties and the renovation of existing properties
Ensures that departments impacted by real estate projects have enough notice to provide support and deliver requirements within deadlines.
Instructs, organizes, and coordinates all development objectives, liaising with various functions to deliver completed projects in accordance with the objectives established in the approved business cases.
Highlights the risks associated with all necessary legal documentation relevant to the development process, including contracts, appointments, sales agreements, leases, warranties, management association documentation, and any other corresponding and/or
Conducts regional mapping, identification, sourcing, and securing of new development opportunities, strategically identifying new development opportunities.
Works closely with the Director and/or Country Head to evaluate trends related to the business's existing products and services to anticipate future trends likely to impact the organization's profitability, perform the necessary analysis, and make recom
Ensures the accuracy of all contracts, legal agreements, and the proper execution of all relevant municipality and government requirements
Requirements
Excellent communication skills in English and Arabic.
10-12 years’ experience of development management experience on major real estate development projects, primarily master planned retail, hotels and/or leisure businesses
Exceptional communication and negotiation abilities with strong organizational skills and capacity to work under pressure.
People management experience, including managing a culturally diverse workforce.
Proven expertise in real estate development management, program management, financial analysis, property appraisals, business analysis, financial modeling & real estate market dynamics.
Strong understanding of the real estate development process, from project initiation, acquisition, to project structuring, design, construction, commission, and operation.
What We Offer
At Majid Al Futtaim, we’re on a mission to create great moments, to spread happiness, to build, experiences that stay in our memories for a lifetime. We’re proud to say that over the past 27 years, we have built a reputation as a regional market leader in what we do. Join us!
Work from any country in the world for 30 days a year.
Work in a friendly environment, where everyone shares positive vibes and excited about our future.
Work with over 50,000 diverse and talented colleagues, all guided by our Leadership Model
Posted on Oct 6, 2023.
Seniority Level: Director-Level
Job Functions: Cybersecurity
Industries : Information Technology
