Summary
IFZA is seeking a Property Asset Manager to oversee the operational and financial performance of two mixed-use residential and commercial towers in Dubai. The role covers rent and arrears collection, leasing strategies, occupancy, tenant retention, market analysis, stakeholder coordination, and asset performance reporting. Applicants should have 10+ years of relevant experience with residential and commercial properties; UAE experience is preferred. Benefits include 24 annual leave days, an annual flight home, and medical and life insurance.
The posting
As published on ifza.com. Pulled from the employer's site and shown as they wrote it.
The Property Asset Manager is responsible for maximizing the operational and financial performance of two mixed-use twin towers comprising residential and commercial properties. This role oversees the full asset lifecycle, ensuring sustainable revenue generation, tenant retention,
occupancy optimization, and value enhancement of the properties.
Responsibilities:
Revenue Management and Collection
Monitor and maximize revenue performance through effective rent collection, cheque collection, arrears follow-up, and recovery processes.
Ensure timely collection of all receivables and coordinate with Finance to maintain accurate records and minimize revenue leakage.
Leasing Strategy and Occupancy Optimization
Develop and implement leasing, renewal, retention, and exit strategies for residential and commercial units.
Work to reduce vacant units, improve occupancy rates, and optimize rental yields in line with asset performance objectives.
Marketing and Tenant Acquisition
Oversee property marketing initiatives across appropriate channels to attract prospective tenants and maintain high occupancy levels. Ensure units are competitively positioned and effectively promoted to target markets.
Market Research and Asset Performance Analysis
Conduct regular market research and competitor analysis to monitor market trends, rental rates, tenant demand, and commercial opportunities.
Provide recommendations to enhance revenue, occupancy, and overall asset value.
Tenant Relationship and Retention Management
Maintain strong relationships with tenants to improve retention, address concerns proactively, and enhance tenant satisfaction.
Coordinate renewals and negotiations to minimize turnover and maintain stable occupancy.
Legal and Stakeholder Coordination
Coordinate with Legal, Finance, Leasing, Facilities Management, and external stakeholders on lease agreements, tenant disputes, recoveries, contractual matters, compliance requirements, and other asset-related issues.
Reporting and Performance Monitoring
Prepare regular reports on occupancy, revenue performance, rent collections, vacancies, leasing activity, market conditions, and key asset performance indicators.
Provide recommendations to support business and investment objectives.
Asset Value Enhancement and Continuous Improvement
Identify opportunities to improve operational efficiency, increase property income, reduce
vacancies, and enhance the overall value of the residential and commercial towers.
Ensure all activities are aligned with approved asset management strategies and ownership objectives.
Requirements
- 10+years of relevant experience in asset management, property management, or real estate operations involving residential and commercial properties. UAE experience is preferred.
- Proven experience in rent collection, cheque collection, tenant account management, and arrears recovery to ensure optimal revenue performance.
- Demonstrated experience in leasing, tenant retention, lease renewals, and exit management, with a focus on reducing vacancies and maximizing occupancy.
- Experience conducting market research, rental benchmarking, and competitor analysis to support pricing strategies and revenue growth initiatives.
- Familiarity with commercial and residential lease agreements, contract administration, and coordination of tenancy-related legal matters.
- Experience collaborating with Finance, Legal, Leasing, and Facilities Management teams to ensure compliance, operational efficiency, and asset performance.
- Working knowledge of property management, CRM, or ERP systems, including portfolio tracking, reporting, and performance monitoring.
Benefits
- International team (over 50 nationalities)
- 24 annual leave days
- Annual flight home
- Life insurance plan
- Medical insurance plan (with the option to upgrade)
- Invitations to participate in various company functions, staff events, and department team building events
- Opportunities to learn, develop and grow with the organization
- Being part of a motivated team and Moving-Forward-Company-Culture