Real Estate Manager📣 Job Ad
| Contract Type | Full-time | |
| Workplace type | On-site | |
| Location | Riyadh |
About the Role
Bayt Al-Tawabel is seeking an experienced Real Estate Manager to lead site sourcing, location evaluation, lease negotiations, and real estate expansion for its growing multi-location business. This role is responsible for identifying high-potential locations, building relationships with landlords and developers, supporting strategic expansion plans, and ensuring new sites align with the company's commercial, operational, and brand standards. The ideal candidate will have a deep understanding of the real estate market, strong negotiation skills, financial acumen, and a proven track record in managing real estate projects from selection to handover.
The Real Estate Manager will collaborate with internal departments to evaluate opportunities, manage leasing requirements, track project timelines, and contribute to the successful launch of new locations. This position offers an opportunity to shape the physical footprint of the organization within the Saudi Arabian market.
Key Responsibilities
- Identify, evaluate, and recommend suitable locations for new branches, outlets, offices, warehouses, or other business facilities.
- Conduct comprehensive market research, including competitor analysis, catchment area studies, footfall reviews, and detailed location feasibility assessments.
- Build and maintain robust relationships with landlords, developers, brokers, mall operators, and property consultants.
- Lead and manage all aspects of lease negotiations, commercial discussions, renewals, amendments, and related real estate agreements.
- Thoroughly review rental terms, service charges, lease conditions, handover requirements, fit-out periods, and assess commercial risks associated with each property.
- Prepare detailed site evaluation reports, location comparison studies, and provide well-reasoned investment recommendations.
- Coordinate effectively with operations, finance, legal, projects, design, procurement, and construction teams throughout the real estate lifecycle.
- Support the company's expansion roadmap by tracking available opportunities, upcoming openings, lease timelines, and critical project milestones.
- Manage lease renewals, expiries, rent reviews, and oversee landlord communications for existing locations.
- Ensure all selected locations meet the business, operational, legal, licensing, accessibility, and brand requirements of the company.
- Assist in budgeting and financial analysis related to rent, fit-out costs, expected revenue, and return on investment for new and existing sites.
- Monitor real estate market trends, rental rates, new developments, and identify strategic expansion opportunities.
- Maintain accurate and organized records of leases, contracts, site evaluations, landlord communications, and all relevant real estate documentation.
- Facilitate a smooth handover process from the leasing stage to the design, fit-out, and operations teams.
- Identify and mitigate potential risks related to location, lease terms, timelines, permits, handover conditions, and landlord obligations.
Qualifications and Requirements
- Bachelor's degree in Business Administration, Real Estate, Finance, Engineering, Architecture, or a closely related field.
- A minimum of 5 years of progressive experience in real estate, leasing, property management, expansion, or site acquisition.
- Demonstrated experience in the F&B, retail, hospitality, restaurant, mall, or multi-location business sectors is strongly preferred.
- In-depth knowledge of the local Saudi Arabian real estate market, commercial leasing practices, rental structures, and landlord negotiation strategies.
- Proven experience in site selection, conducting feasibility studies, negotiating leases, and performing detailed location analysis.
- A strong understanding of lease terms, commercial agreements, fit-out requirements, and handover processes.
- The ability to accurately assess location potential based on visibility, accessibility, footfall, demographics, competition, and overall business fit.
- Solid financial awareness, including the ability to analyze rent, occupancy costs, ROI, and budget impacts.
- Excellent negotiation, communication, and stakeholder management skills are essential.
- Proven ability to coordinate effectively with legal, finance, operations, design, and project teams.
- Strong reporting, documentation, and presentation skills.
- The capacity to manage multiple locations, timelines, and negotiations concurrently.
- Exceptional problem-solving skills and a keen attention to detail.
- A strong command of both Arabic and English languages is required.
Required Skills
- Real Estate
- Leasing
- Property Management
- Expansion Strategy
- Site Acquisition
- Market Knowledge
- Negotiation
- Financial Awareness
- Project Management
- Market Research
- Competitor Analysis
- Feasibility Studies
- Lease Negotiations
- Commercial Agreements
- Stakeholder Management
- Reporting
- Documentation
- Presentation Skills
- Problem-Solving
- Attention to Detail
Work Environment and Location
This full-time position is based in Riyadh, Saudi Arabia, with Bayt Al-Tawabel. The role requires 5-10 years of experience. Candidates should be proficient in both Arabic and English.
Requirements
- Requires 5-10 Years experience
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