Director of Asset nagement - 3403316

RAK Properties
  • Director of Asset nagement Jobs in UAE - 3403316

    RAK Properties
  • 1 - 10 Years
  • UAE
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3403316

Job Description

Job Objective

To maximize the long-term profit on all owned, developed assets while delivering quality service to the brand standard

Key Responsibilities

General

Responsible for the profit-and-loss performance on all owned, developed assets

Play a key supporting role in the review, development, and implementation of RAKPs strategy

Leads the development and updating of the Asset Management Departments yearly strategic plan and budget

Create manage financial models for the entirety of the RAKP investment portfolio to analyze yields and NAV to present to the CEO

Manage the Property management arm of the company in administering and serving the companys community projects including customer service

Managing the leasing of companys retail, marina, residential and office stock

Managing the companys hotel assets through management of the hotel operators

Propose positive NPV investments that improve the yieldreturn of company owned assets and create other value-added initiatives to improve NOI

Reviews the performance of company assets and proposed new assets to propose appropriate portfolio and recommend new assets as well as asset exits

Relationship management with REITs, funds and other investors in built assets

Provides input to development planning during the conceptual phase of a development

Coordinates with the Director of Development during the lifetime of the project and at handover stage for a smooth transition

Brings the required level of leadership to ensure a well-functioning organization

Works as a constructive member of the team reporting to the CEO

Property Management

Coordinates analysis and improvement recommendations for financial optimization of properties with the Development Department and aligns with Director of Development for analysis business planning (eg input provision)

Reviews and presents recommendations on operational optimization of company assets

Reviews the condition of existing properties and recommends possible upgrades

Oversees and guides the interaction between Property Management, Facility Management and Leasing in order to ensure state-of-the-art management and operations of properties

Reviews and analyzes the results of surveys administered to existing tenants

Ensures the effective day-to-day management of RAKPs tenants

Tracks Property Management KPIs and devises plans and initiatives for improvement

Leasing

Contributes to strategic planning and decision-making in order to develop and implement a leasing strategy and plans that align with the companys overall vision and its current and long-term business objectives

Reviews and recommends rent and lease levels for approval as per DOA

Coordinates requirements with Marketing Department in relation to the annual marketing and communications plans

Coordinates with Marketing Department for the writing of copy for marketing and promotional material, advertisements, and other related material, including the corporate website as required and related to Asset Management Department

Reviews RAKPs standardized leasing contract documents and coordinates accordingly with Legal Department

Tracks Leasing KPIs and devises plans and initiatives for improvement


REQUIREMENTS

Bachelors degree in Engineering or Business Administration (MBA or equivalent is preferred)

At least 15 years of work experience of which 5-7 years must be in a position assuming similar responsibilities with a leading organization in real estateproperty industry in UAEGCC

Must have asset management experience with hotel properties or hospitality sector as well

Skill Set Required

Knowledge of asset management and property management

Knowledge of leasing

Ability to select, develop & motivate necessary management talent to maintain companys overall objectives

Global Purchasing Contract Negotiations

Management Excellence

Excellent interpersonal and communication skills

General Real Estate knowledge

Strong interpersonal skills such as leadership, communication, persuasion, motivation, loyalty, and openness

Profile Summary

Type:Company Job

Deadline:13th Aug 2025

Company Profile

RAK Properties is one of the leading property development and tourism infrastructure firms in the UAE.
With proven excellence in a wide range of projects including mixed-use community developments, strategically placed retail shops, health spas and hotels, RAK Properties Public Joint Stock Company (PJSC) plays a central role in shaping the lifestyle of residents of the United Arab Emirates.
Founded in 2005 from the vision of His Highness Sheikh Saud Bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, RAK Properties delivers high-quality and professionally managed projects that provides its customers with the highest level of service, while maximizing the value of their investments.
RAK Properties has sound capital of AED 2 Billion. The Initial Public Offering (IPO) of RAK Properties in early 2005 was over subscribed by almost 57 times. In its mission to lead the development of real estate and tourism infrastructure in Ras Al Khaimah. RAK Properties aims to attract foreign investors of repute to launch state of the art projects, including luxurious hotels, resorts and malls. In doing so, RAK Properties serves as a catalyst for a dynamic property market in both Ras Al Khaimah and the wider United Arab Emirates.



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