Vice President – Asset Management (Commercial)

JOB PURPOSE

Lead the strategic management of Aldar's assigned commercial assets to maximize portfolio value, optimize financial performance, and enhance customer experience. Drive asset performance through leasing strategy, capital investment, service provider governance, sustainability initiatives, and cross-functional collaboration while supporting Aldar's long-term investment objectives.

The role is for the UAE national

ROLES AND RESPONSIBILITIES

• Strategic Asset & Portfolio Management

Develop and implement asset strategies to maximize long-term value and portfolio performance.

Drive portfolio optimization through asset repositioning, enhancement, and capital recycling initiatives.

Monitor market trends and asset performance to support strategic decision-making.

• Financial Performance & Capital Management

Manage portfolio financial performance, including NOI, occupancy, yield, valuation, and total return.

Identify value creation opportunities and oversee annual business planning, budgeting, and financial reporting.

Support investment decisions through financial analysis and performance insights.

• Leasing, Commercialisation & Tenant Experience

Lead leasing strategies to maximize occupancy, rental growth, and tenant retention.

Identify commercialisation opportunities and oversee tenant engagement initiatives to improve customer satisfaction and NPS.

Review key leasing transactions and ensure alignment with portfolio objectives.

• Asset Enhancement & Development Coordination

Lead asset enhancement programmes and CAPEX initiatives to improve asset performance and customer experience.

Coordinate with Development, Legal, Finance, and Operations to ensure successful project delivery and asset handover.

Monitor post-completion performance against approved business cases.

• Service Provider Governance

Oversee the performance of Property and Facilities Management service providers through agreed SLAs, KPIs, and governance frameworks.

Drive continuous improvement, operational excellence, and cost optim…