Senior Vice President – Asset Management (Retail)

ALDAR; Abu Dhabi; On-site; AED 600,000 - 900,000; Full time

Job summary

Aldar is seeking a senior Asset Management professional to oversee the retail strategy for Own and 3rd party assets in Abu Dhabi. You will own P&L for assigned assets, set rent pricing, tenant mix, and monitor performance against financial targets while coordinating with the Head of Asset Management.

Responsibilities include deep financial analysis (IRR, ROI, ROE), pipeline development, market trend analysis, and cross‑functional collaboration with Property Management and Retail Leasing to

Qualifications

• Min 12+ years of experience in managing retail asset properties
• Experience with P&L ownership and financial targets
• Strong market understanding of GCC real estate sector

Responsibilities

• Oversee the implementation of the Retail Management Strategy across assigned retail assets
• Own detailed P&L statements for each asset, consolidating financials and reporting to Head of Asset Management
• Conduct in-depth financial analyses (IRR, ROI, ROE) for underperforming assets or potential opportunities
• Manage delivery of assets in growth pipeline including development and transformation
• Analyze market trends to maximize profits and identify investment opportunities
• Collaborate with Property Management Head to track and improve monthly targets
• Provide inputs to senior leadership on rent pricing and tenant mix strategies
• Co-define and monitor asset performance and customer satisfaction KPIs

Skills

Analytical skills

Planning & organizing

Stakeholder relationships

Negotiation

Conflict resolution

Communication skills

Retail relationships

Education

Bachelor’s degree in engineering, business or economics

Job description

Job Purpose

Oversee the implementation of the retail strategy for Own Assets and 3rd Party assets

Oversee the implementation of the retail strategy for Own Assets and 3rd Party assets

Own P&L for assigned assets, ensuring financial targets are met through effective strategies (rent pricing, tenant mix, etc.).

Roles And Responsibilities

Oversee the implementation of the Retail Management Strategy across assigned retail assets

Own detailed P&L statements for each assigned asset, consolidating the financials for the combined assets, and submitting to the Head of Asset Management and Operations for review.

Conduct in-depth financial analysis (IRR, ROI, ROE) on underperforming assets or potential acquisition opportunities, supporting go/no-go decisions on asset disposals based on feasibility studies.

Manage the delivery of Assets in growth pipeline including new development and transformation

Analyze market trends to maximize profits, identify emerging asset investment opportunities, and drive the company’s growth initiatives through proactive investment and development opportunities.

Work closely with Property Management Head to recommend, track, and monitor monthly operational and financial targets for each asset, identifying opportunities for improvement and recommending mitigation actions when needed.

Provide inputs to the ED of Asset Management in developing cross-retail asset strategies, determining rent pricing, and setting leasing/tenant mix.

Co-define and monitor asset performance and customer satisfaction KPIs, collaborating with teams such as Retail Leasing to meet the targets

• Development Mgmt (D’Hold Input/Advisory) : Build the pipeline of retail assets based on the business plan. Coordinate with AI-DM for the timely delivery
• Acquisition & Integration: Conduct market study for potential acquisitions and coordinate with investment management team for processcompletion; manage the post acquisition- integration activities
• Strategic Disposal (Advisory): Perform in depth financial analysis (IRR, ROI, ROE) on assigned underperforming assets and recommend for asset disposals
• Transformation: Build the business case for the transformation of existing assets and oversee the design & delivery of the projects on time within the budget

Related Years Of Experience

Min of 12+ years of related experience in managing retail asset properties with annual revenue in excess of AED 1Bn million

YOE IN MANAGERIAL POSITION

Min of 4+ years of experience in a similar managerial position

Field Of Experience

Experience in retail management i.e., malls and community retail

Strong exposure to GCC real estate market

Experience in Property Management and respective remedial auctions

Technical And Interpersonal Skills

• Excellent analytical skills
• Planning and organizing skills
• Demonstrated skills in building and maintaining strong relationships with internal and external stakeholders
• Excellent negotiation and persuasion skills
• Excellent conflict resolution/management skills
• Excellent communication and interpersonal skills
• Excellent relationships with major Middle East regional retailers

QUALIFICATION

Bachelor’s degree in engineering, business or economics

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses and identifying potential inconsistencies or verification signals in application materials based on available information. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.