Director - Development

Merex Investment Group

An opportunity has arisen for a Director Development to join Dubai Holding Real Estate. The Director will be responsible to oversee the development of projects in a designated portfolio to ensure that the business plan objectives such as design quality, budgets and profitability of projects are achieved. The main duties and responsibilities of this role:

• Contribute, initiate, and direct the development strategy to advance the agreed Business Plan in order to achieve Company objectives.
• Identify and understand the regulatory framework necessary for the development strategy to operate effectively within the stipulated guidelines.
• Provide crucial support in the formulation of strategies and business plans, with the aim of obtaining Company Board approval and ensuring alignment with Company objectives for successful development opportunities.
• Lead teams in the creation of business case input for projects within a portfolio, ensuring that these cases are in line with the company's strategy, including financial, design, and procurement strategies. Additionally, coach project teams to secure stakeholder approvals.
• Manage stakeholder relationships at all levels, including collaboration with stakeholder partners and key business affiliates to foster cooperation and achieve common business objectives.
• Propose and offer support in defining the strategy for delivering the project development pipeline, with an objective to efficiently manage the development teams, such as Legal, Financial, Market Research, Marketing, Sales, Project Managers, Architects, Quantity Surveyors, and all Engineering Disciplines, in relation to the development pipeline.
• Analyze and take the lead in all aspects of the development process, from feasibility and master planning to design, procurement, consultant/contractor selection, and project execution, ensuring that all technical procedures align with approved corporate operational objectives.
• Oversee and review the preparation of project-specific development and design briefs, with the objective of ensuring that these documents accurately reflect the project's intent and objectives.
• Identify and thoroughly document risk factors for each business case, including risks at the individual property level.
• Analyze, evaluate, and rank overall risk exposure, encompassing technical, financial, and human resources, with the goal of effectively managing and mitigating these risks.
• Develop and actively lead risk mitigation measures to ensure that the business cases are secured and that profit and turnover targets are met.
• Manage internal and external teams to ensure the fulfillment of feasibility, program, design, technical, quality, and leasing specifications for projects throughout their completion and handover.
• Provide regular feedback to relevant executives regarding business plans, project status, risks, and approved feasibility hurdle rates, aiming to keep stakeholders informed and aligned with company goals.
• Manage stakeholder relationships at all levels, including liaising with stakeholder partners and key business affiliates.
• Keep abreast of industry trends, best practices, and emerging technologies in customer support to enhance knowledge and contribute to continuous improvement.