Real Estate Manager - UAEN

Alshaya Group; Dubai; On-site; AED 300,000 - 600,000; Full time

Job summary

Alshaya Group seeks an experienced real estate professional to oversee the Real Estate component of the Retail Property function, including new store openings, site selection, and budget management.

You will liaise with the Head of Property and Senior Real Estate Manager to drive strategy, negotiate leases, and manage the regional property portfolio with a focus on mall and high-traffic locations.

Qualifications

• 10+ years in property management and retail negotiations.
• Experience negotiating leases end-to-end in mall and street locations.
• Knowledge of market rates and budgeting processes.

Responsibilities

• Initiate and maintain key contracts; review store layouts and opening schedules.
• Negotiate leases from start to finish and secure prominent space.
• Produce reports for line management and stakeholders.
• Recommend renewals, relocations or closures of property within region.
• Develop and lead a team to meet future business requirements.

Skills

Negotiation

Stakeholder management

Lease management

Team leadership

Reporting

Education

Chartered Surveyor

Legal training

Tools

Property management systems

Job description

Accountable for the Real Estate component of the Retail Property function including the New Store Opening Plan, site selection and budgets. Liaise with Head of Property, and Senior Real Estate Manager.

The below Key Performance Areas include but are not limited to:

• Initiate and maintain key contracts. Review proposed store layouts and distribute Store Opening Schedule to the Business.
• Negotiate leases from start to finish, ensuring that the most competitive rates are achieved, and utilise knowledge of those market rates when renegotiating existing Leases. Strive to secure the most prominent space in malls and street locations wherever possible.
• Maintain and manage all Alshaya systems in line with company policies.
• Produce reports, as required, to keep line management and Stakeholders fully informed.
• Review then advise on all areas for improvement
• Find, investigate and evaluate potential retail sites within their area of responsibility.
• Recommend and implement a team structure to ensure Real Estate Management meets stakeholder requirements.
• Manage and develop the team to meet future business requirements whilst adhering to all relevant company policies and procedures.
• Through discussions with stakeholders, recommend renewals, relocation or closure of existing property portfolio within region of responsibility.
• Maintain property costs by tracking and making recommendations to the Business. Decide acceptable terms and changes to leases in reference to renegotiation.
• Advise and decide upon the level of commercial opportunity and risk, and present costs and investment analysis to the Retail Property Director.
• Develop and maintain internal and external relationships and act as an ambassador for the Company.
• Provide a consultancy service on legal aspects of Leases and other issues such as insurance.
• Consult with Divisional Stakeholders and advise them on Property and market developments, establishing bespoke requirements for brands as required.
• Build a strong working relationship with all stakeholders within their area of responsibility and gain a comprehensive understanding of brand requirements. Manage the expectations of their stakeholders within the markets they are responsible for.
• Manage all processes within one’s own area of expertise in line with company policies and procedures and market guidelines.
• Conclude lease renegotiations at acceptable/ Market related levels through research, relationships with Landlords, Developers, Alshaya brands and an understanding of the Property markets within which they operate.
• Produce reports, as required, to keep Line Management and Stakeholders fully informed.

Knowledge:

A property qualification (Chartered Surveyor or similar), Legal training desirable

Experience:

Minimum 10 years in property management/ negotiations specific to retail.