Director - Asset Management | Real Estate | Doha Festival City

Director - Asset Management | Real Estate | Doha Festival City

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions : automotive, financial services, real estate, retail, and healthcare, the Group employs more than 35,000 employees across more than 20 countries in the Middle East, Asia, and Africa. Al‑Futtaim Group partners with over 200 of the world’s most admired and innovative brands, enabling it to grow and expand and respond to the changing needs of customers within the societies in which it operates.

Overview Of The Role

Responsible for the day‑to‑day management of Doha Festival City Mall, ensuring operational excellence, financial performance, and superior guest experience. The role oversees retailer relations, revenue generation, asset management, budgeting, and business planning, while leading on‑site teams and coordinating specialty leasing and concierge programs. The ideal candidate will drive operational efficiency, stakeholder engagement, and income growth, maintaining the mall’s physical integrity and enhancing its overall value by maximizing Net Operating Income (NOI) in line with revenue and expenditure targets.

What You Will Do

Financial Performance

• Prepare annual Retail Operations budgets covering capital, manpower, OPEX, and income forecasts.
• Submit budget projections to the Board of Directors for review and approval.
• Regularly review financial performance and take corrective actions for negative variances.
• Use past experience, team input, and market trends to forecast revenue and expenditure accurately.
• Identify potential financial risks and report findings to the Board of Directors.
• Ensure tight management of debtors and consistent delivery of EBIDAT targets.
• Develop and maintain a comprehensive service charge (S / C) budget and matrix.
• Ensure all operational expenditures are recoverable from tenants and audited annually as per international standards.
• Assist in preparing and reviewing monthly and annual financial reports.
• Support re‑forecasting, P&L analysis, lease abstracting, and budgeting activities.
• Assist in the collection of monthly receivables as required by the Senior General Manager.
• Oversee asset condition and maintenance programs to maximize lifecycle and salvage value.

Marketing

Operational Excellence

Human Resource Management

Report Presentation

Required Skills To Be Successful

What Equips You For The Role

About Al‑Futtaim Malls

Al‑Futtaim Malls provides development and asset management expertise, specializing in building retail‑led super regional malls in prime locations across MENA and beyond. With a proven track record of creating both sustainable revenue growth and value enhancement for tenants, Al‑Futtaim Malls delivers exceptional experiences and exciting shopping environments for customers. Part of the Al‑Futtaim Group, the leadership team brings more than 30 years of experience and a deep understanding and knowledge of the retail sector, both from a shopper’s point of view but as curators of space or landlords to other brands. The company has a directly managed portfolio including over 9 million sqft of retail space across four malls in the MENA region and two under development.

Seniority Level

Director

Employment Type

Full‑time

Job Function

Finance and Sales

Industries

Accounting

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