--- title: 'Director – Portfolio Management (Development to Hold) at Aldar Properties PJSC' canonical: 'https://feeny.ai/job/director-portfolio-management-development-to-hold-aldar-properties-pjsc-abu-6y9qatq0rw5m' type: 'job' last_seen: '2026-11-01' --- # Director – Portfolio Management (Development to Hold) at Aldar Properties PJSC - **Company:** Aldar Properties PJSC - **Location:** Abu Dhabi, United Arab Emirates - **Work type:** onsite - **Posted:** 2026-10-27 - **Last confirmed live:** 2026-11-01 - **Apply:** https://jobs.lever.co/aldar/9d2a4f66-1107-4fe1-9484-96a40e39c84c ## Job description ## JOB PURPOSE Oversees the performance of the D-Hold portfolio across its lifecycle – underwriting, programming, analysis and reporting – so that every held asset delivers or exceeds its underwritten returns. Leads third-party capital sales (JVs, co-investments, stake sales and fund/club vehicles) to recycle capital and fund the development pipeline. Acts as the single point of alignment between Development and the Investment team’s portfolio managers, so development decisions, hold periods and exits match portfolio strategy. ## JOB RESPONSIBILITIES Portfolio Strategy & Performance - Develop and maintain the D-Hold portfolio strategy, annual business plans and hold / sell / recycle plans for each asset, aligned to the Chief of Development’s priorities. - Monitor asset and portfolio performance against the underwritten case (IRR, yield-on-cost, NOI, occupancy) and implement corrective action plans where variances arise. - Establish portfolio construction guidelines covering sector, geography, risk and concentration limits. Underwriting & Programming - Direct the underwriting of new and existing projects, including Build-to-Rent, ensuring consistent assumptions, sensitivity testing and Investment Committee (IC)-ready papers. - Oversee programming and product-mix decisions to maximise asset value, marketability and investor appeal. - Review and sign off feasibility models and business cases before submission to the Chief of Development and IC. Third-Party Capital Sales - Lead origination, structuring and execution of third-party capital transactions – JVs, co-investments, partial stake sales, forward funding and fund/club deals. - Build and manage a pipeline of institutional capital partners (sovereign wealth funds, pension funds, insurers, family offices). - Prepare investor materials and data rooms; lead negotiation of term sheets, shareholder and JV agreements with Legal and Finance. - Manage ongoing relationships and reporting obligations to capital partners post-close. Investment Team Interface - Serve as the primary counterpart to Investment team portfolio managers, aligning asset plans, capital allocation, hold periods and exit timing with portfolio mandates. - Implement joint governance: regular portfolio reviews, shared assumptions and a defined handover protocol from development to stabilised asset. Portfolio Analysis, Reporting & Governance - Oversee portfolio analysis and reporting – monthly dashboards, quarterly valuations, and Board / IC reporting – ensuring accuracy and timeliness. - Enforce document control, data integrity and audit readiness across all portfolio records. People Leadership - Lead, coach and develop the Underwriting, Programming and Portfolio Analysis & Reporting teams; set team goals, KPIs and development plans. - Build succession cover for SVP roles and grow team capability in underwriting, capital markets and analytics. ## YoE, SKILLS & QUALIFICATIONS Years of Experience - Min. 14 years in real estate investment, private equity real estate or development, with at least 5 years in a senior leadership position. - Min. 6 years of managerial experience leading multi-disciplinary teams. - Proven record of raising third-party capital and structuring JVs / co-investments with institutional investors. Technical and Interpersonal 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. - Executive-level negotiation, influencing and stakeholder management. - Software: Advanced Excel, Argus Enterprise / Developer, Power BI or Tableau. ## Qualifications - Bachelor’s degree in Finance, Real Estate, Economics, Engineering or related field. - Master’s degree (MBA or MSc Real Estate / Finance) preferred. - CFA, MRICS or CAIA preferred. ## KEY MEASURES OF SUCCESS - Third-party capital committed and closed vs. annual target (value and number of transactions). - Portfolio returns vs. underwritten case – IRR, yield-on-cost and NOI variance within agreed tolerance. - 100% of IC papers submitted on schedule, with no material re-underwriting after approval. - Portfolio reports issued within 10 working days of period end with zero material errors. - Satisfaction scores from Investment team portfolio managers and capital partners. - Team engagement, retention and ready-now successors for SVP roles. ## About Aldar Properties PJSC ## Company Overview - **One-liner**: Aldar Properties PJSC is the leading real estate developer, manager, and investor in the UAE, master‑planning communities and managing a diversified portfolio across residential, commercial, retail, hospitality, and education. - **Entity Type**: Public (ticker: ALDAR on the Abu Dhabi Securities Exchange) - **Headquarters**: Abu Dhabi, United Arab Emirates - **Founded**: 2005 (IPO year; exact founding date not publicly available) - **Founders**: Not publicly available ## Core Business - **Primary industry/industries**: Real estate development, investment, property management, education, hospitality, and retail. - **Target customers**: B2B (corporate tenants, government entities, institutional investors), B2C (residential buyers and tenants), and B2G (government housing projects). - **Mission or purpose statement**: Not explicitly stated in the provided sources, but the company emphasizes creating integrated, sustainable communities and delivering long‑term value to stakeholders while supporting the UAE’s Net Zero Strategic Initiative. ## Products & Services - **Aldar Development** – Master developer of large‑scale residential communities (e.g., Yas Island, Saadiyat Island, Al Raha, Reem Island) and commercial projects. Also manages a ~65 million sqm land bank and delivers government housing and infrastructure projects (AED 45 billion backlog). - **Aldar Investment** – Platform that owns and manages recurring‑income assets: - **Investment Properties** – Grade‑A offices (HQ, ADGM Square), retail malls (Yas Mall, Al Jimi Mall), logistics, and residential for lease. - **Hospitality & Leisure** – Hotels and resorts (e.g., Nurai Island, DoubleTree by Hilton, Rixos Bab Al Bahr) and golf clubs. - **Aldar Education** – Leading private education provider in Abu Dhabi, operating schools and academies (e.g., Cranleigh Bahrain). - **Aldar Estates** – The region’s largest integrated property and facilities management platform (merged with Eltizam Asset Management). - **Aldar Ventures** – Incubates new business opportunities and innovation in areas like sustainability and digital. - **Aldar Egypt** – Development platform focused on mixed‑use communities in Egypt (via SODIC). - **International** – London Square (UK) and other overseas ventures. ## Market Standing - **Valuation/Market Cap**: Not disclosed in the provided sources. - **Key Metric**: Annual revenue of AED 33.8 billion (latest fiscal year). - **Notable Investors/Partners**: Government of Abu Dhabi (major shareholder), First Abu Dhabi Bank (FAB – via acquisition of FAB Properties), Dubai Holding (strategic partnership for Dubai market), Abu Dhabi Housing Authority. - **Growth Signals**: - Headcount grew 21.1% year‑over‑year to 1,680 employees (LinkedIn data). - Group development sales reached AED 27.9 billion, with AED 16 billion from overseas and expat buyers. - Expanded into Dubai (launched Haven), Ras Al Khaimah (Nikki Beach Residences), Bahrain (Cranleigh Bahrain), and the UK (London Square). - Launched The Sustainable City on Yas Island and a Net Zero decarbonisation plan. - Increased investments in Aldar Education (AED 350 million) and mall redevelopment (AED 500 million). - Achieved a 21% improvement in Net Promoter Score (NPS) compared to 2022. ## Competitive Advantages - **Scale and diversification**: One of the largest real estate players in the region with a balanced portfolio of development, investment, education, hospitality, and property management. - **Government backing**: Strong ties to the Abu Dhabi government provide access to prime land, capital, and major infrastructure mandates. - **Integrated operating model**: The merger of development and asset management under one roof allows end‑to‑end value creation from master‑planning to property management. - **Geographic expansion**: Successfully entered Dubai, Ras Al Khaimah, Egypt, and the UK, reducing reliance on a single market. - **Sustainability leadership**: Early adoption of net‑zero commitments and a real estate climate pledge differentiate the brand. ## Strategic Focus - **Geographic diversification**: Further penetration of the Dubai market, continued growth in Egypt and the UK. - **Sustainability**: Implementing the Net Zero comprehensive plan, investing in retrofits, and launching new sustainable communities. - **Digital transformation**: Using AI for risk management, customer journey, and data analytics; piloting sustainability‑focused start‑ups. - **Customer experience**: Enhancing CRM, digital SPAs, and loyalty programmes to improve NPS. - **Talent and Emiratisation**: Onboarding 661 Emiratis through the NAFIS programme and maintaining a “Great Place to Work” certification. ## Why Work Here - **Culture**: Aldar is recognised as a “Great Place to Work” and actively invests in employee development and well‑being. - **Growth trajectory**: Rapid expansion across multiple geographies and sectors offers opportunities for internal mobility and career advancement. - **Diverse workforce**: Staff from 43 countries, with a strong push for local talent (NAFIS programme). - **Work location**: On‑site roles in Abu Dhabi (with some positions in Dubai and Ras Al Khaimah); the company’s presence in Egypt and the UK may offer international assignments. - **Notable perks**: Not explicitly listed, but the company’s scale and government affiliation suggest competitive compensation and benefits common in UAE real estate. - **Engineering/tech culture**: Investment in AI, data projects, and digital ventures indicates a growing tech focus within the organisation. ## Sources 1. [Aldar Careers Page](https://jobs.lever.co/aldar) 2. [Aldar Investor Relations](https://ir.aldar.com/) 3. [Aldar LinkedIn Profile](https://linkedin.com/company/aldar_properties) 4. [Aldar Corporate Website](https://www.aldar.com/en/explore-aldar/about-aldar/story) ## Other roles at Aldar Properties PJSC - [Senior Vice President - Development](https://feeny.ai/job/senior-vice-president-development-aldar-properties-pjsc-abu-dhabi-3zs7811bbhcg) — Abu Dhabi, United Arab Emirates - [Assistant Vice President - PMO](https://feeny.ai/job/assistant-vice-president-pmo-aldar-properties-pjsc-abu-dhabi-87d49azzds3a) — Abu Dhabi, United Arab Emirates - [Assistant Vice President – Data Science](https://feeny.ai/job/assistant-vice-president-data-science-aldar-properties-pjsc-abu-dhabi-se1b6qhe9xa0) — Abu Dhabi, United Arab Emirates - [Senior Associate – EPM](https://feeny.ai/job/senior-associate-epm-aldar-properties-pjsc-abu-dhabi-d8s6gqyhf25p) — Abu Dhabi, United Arab Emirates - [Vice President – Data Platforms](https://feeny.ai/job/vice-president-data-platforms-aldar-properties-pjsc-abu-dhabi-1n9c58frza0w) — Abu Dhabi, United Arab Emirates - [Senior Associate – Environmental](https://feeny.ai/job/senior-associate-environmental-aldar-properties-pjsc-abu-dhabi-5ghc037eg8cc) — Abu Dhabi, United Arab Emirates - [Senior Vice President – Asset Management (Retail)](https://feeny.ai/job/senior-vice-president-asset-management-retail-aldar-properties-pjsc-abu-dhabi-h04qp0f58gyq) — Abu Dhabi, United Arab Emirates - [Senior Associate - Tendering Buildings](https://feeny.ai/job/senior-associate-tendering-buildings-aldar-properties-pjsc-abu-dhabi-ar09kg6ds5a8) — Abu Dhabi, United Arab Emirates - [Assistant Vice President – Asset Management (Retail)](https://feeny.ai/job/assistant-vice-president-asset-management-retail-aldar-properties-pjsc-abu-dhabi-x1bpgas7sc6w) — Abu Dhabi, United Arab Emirates - [Assistant Vice President - Events](https://feeny.ai/job/assistant-vice-president-events-aldar-properties-pjsc-abu-dhabi-k8ckvzjn9mp2) — Abu Dhabi, United Arab Emirates