Bayut is the number one property portal in the Kingdom, connecting millions of users across the country. We are committed to delivering the best online search experience. As part of Dubizzle Group, Bayut is alongside some of the strongest classifieds brands in the market. With a collective strength of 10 brands, we have more than 200 million monthly users that trust in our dedication to providing them with the best platform for their needs.
As the Manager - Project Acquisition and Joint Ventures, you will work with our industry-leading real estate team on the end-to-end acquisition process for new projects. You will identify, assess, and secure prime real estate projects for sales and joint ventures.
In this role, you will:
- Perform preliminary market and financial analyses for potential investments in real estate as per the established guidelines;
- Keep track of market demographics, market sales data, and other available market information in order to identify area sub-markets that will sustain growth and develop the pipeline for future project acquisitions;
- Identify and recommend feasible investment opportunities by interfacing with the real estate/developer community, researching property, demographic, and other pertinent information within target markets;
- Support Sales Teams on acquired projects and provide ongoing support on any issues pertaining to agreed terms of contract with the developer;
- Acts as the point of contact to resolve issues that arise between the developer and sales team during the execution of the project;
- Work closely with landowner(s)/developers and negotiate terms that satisfy the legal and financial requirements of a successful development and sales for the potential project;
- Establish permanent liaison with Sales Teams while maintaining an up-to-date hierarchy of Sale Prices/ absorption rates and use these experiences to devise realistic feasibility models;
- Liaise with Legal for advising specific/customised JV terms agreed between concerned parties to draft the right document per arrangements.
Requirements
- Bachelor’s degree (required) MBA (Preferred)
- Minimum 5 years of experience in Commercial Real Estate;
- Experience in lease negotiation and existing network of contacts.
- In-depth knowledge of Real Estate in Saudi Arabia;
- Fully conversant with financial accounts, accounting procedures, and legislation;
- Ensures others understand the need for sound financial management;
- In-depth understanding of financial analysis and feasibility
- Excellent interpersonal skills with strong Business Acumen and Commercial Awareness
Benefits
- High-performing and fast-paced work environment.
- Comprehensive Health Insurance
- Rewards and recognition
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Bayut is an equal-opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
