Director - Residential Leasing - Asset Management - 20005467 CDU8

Overview

As part of its development of Qiddiya City, Qiddiya Investment Company (“QIC”) the Director – Asset Management Residential will lead a team and collaborate with other internal and external professionals to optimize the performance of the assets, minimizing risk with the QIC corporate framework and Qiddiya City objectives. Their accountabilities include the following responsibilities.

Responsibilities

• Adopt an “Owners Perspective” and provide development colleagues, through the stage gate process, with insight on target market identification, design and fit-out applicability to target market, marketability, pricing, and absorption.
• Prepare a multiple broker network strategy tailored to the specific positioning of each residential stage and release; regional focus with high visibility within the GCC market (UAE & International, e.g., Sotheby’s, Christie's, Savills) and a local broker network with a dedicated local sales manager and team to incentivize and manage the network within the KSA and other similar strategies for the sales team.
• Establish an experienced multilingual Leasing team with extensive market knowledge from the GCC, UAE and KSA markets; manage project leasing with both off-plan and secondary market expectations and ensure a clear understanding and experience of institutional and investor leasing; leverage existing broker networks in the region.
• Input into designing a commission structure attractive enough to motivate and attract specialist leasing experience, competitive with UAE development leasing commissions and current KSA offerings.
• Anticipate a high number of external broker leasing deals in initial phases to drive inquiries and leasing rates until the residential market and on-site enquiry are established.
• Work with the CDU sales and leasing marketing teams to ensure operational readiness for the Leasing Launch, adopting an Owners Perspective.
• Aim to achieve optimum financial and revenue performance for the Residential Asset and the overall Residential portfolio, contributing to target ROI and long-term sustainable return.
• Contribute to delivering QIC’s ESG vision and commitments for Residential assets.
• Maximize the value of QIC’s BTR portfolio.
• Collaborate with the Residential Property Management team to deliver openings and ongoing operations of each residential asset, working hand-in-glove with the team.

Additional Responsibilities

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