Director, Portfolio Management Development to Hold

About the role

ALDAR is hiring a Director for its Development-to-Hold (D-Hold) portfolio in Abu Dhabi. The role oversees the performance of the D-Hold portfolio across underwriting, programming, analysis and reporting, leads third-party capital sales to recycle capital and fund the development pipeline, and acts as the single point of alignment between Development and the Investment team's portfolio managers.

Key responsibilities

• Develop and maintain the D-Hold portfolio strategy, annual business plans and hold/sell/recycle plans, and monitor performance against the underwritten case (IRR, yield-on-cost, NOI, occupancy)
• Set portfolio construction guidelines covering sector, geography, risk and concentration limits
• Direct underwriting of new and existing projects, including Build-to-Rent, and oversee programming and product-mix decisions
• Review and sign off feasibility models and business cases before submission to the Chief of Development and the Investment Committee
• Lead third-party capital origination and structuring (JVs, co-investments, stake sales, fund/club deals), build a pipeline of institutional partners and negotiate term sheets and agreements
• Act as the main interface with Investment team portfolio managers and run joint governance, including regular portfolio reviews and a defined handover protocol
• Oversee monthly dashboards, quarterly valuations and Board/IC reporting, and enforce document control and audit readiness
• Lead, coach and develop the Underwriting, Programming and Portfolio Analysis & Reporting teams, and build succession cover for SVP roles

Required profile

• Minimum 14 years in real estate investment, private equity real estate or development, with at least 5 years in a senior leadership position
• Minimum 6 years of managerial experience leading multi-disciplinary teams
• Bachelor's degree in Finance, Real Estate, Economics, Engineering or a related field; MBA or MSc Real Estate/Finance preferred
• CFA, MRICS or CAIA preferred

Required skills

• Expert financial modelling, underwriting and valuation (DCF, IRR, JV waterfalls)
• Capital markets, JV structuring and investor relations
• Portfolio construction, asset management and risk management
• Advanced Excel, Argus Enterprise / Developer, Power BI or Tableau