Saudi Arabia Job Openings

Keller Executive Search

Leasing Director- Commercial, Residential & Retail Real Estate #1508

Riyadh

FULL TIME

October 23, 2024

The client is seeking an experienced and dynamic Leasing Director to join their team. The ideal candidate will be responsible for overseeing all aspects of leasing operations, including strategy development, execution, tenant relationship management, and financial performance for a portfolio of commercial, residential, and retail properties. This role is critical to ensuring maximum occupancy, tenant satisfaction, and profitability of the company's assets in the dynamic and growing real estate market in Saudi Arabia.

Key Responsibilities
  • Develop and implement comprehensive leasing strategies for commercial, retail, and residential properties
  • Create pricing models and promotional strategies to attract high-value tenants
  • Build and maintain strong relationships with key tenants, landlords, and stakeholders
  • Negotiate lease terms, renewals, and extensions to meet the company's financial and strategic objectives
  • Oversee day-to-day leasing activities across the company's portfolio, ensuring compliance with local laws and regulations
  • Achieve occupancy and revenue targets as defined by the executive leadership
  • Monitor and report on key performance metrics such as occupancy rates, rental income, and leasing costs
  • Collaborate with the marketing team to ensure properties are effectively advertised and promoted
  • Conduct market research to assess demand, rental rates, and industry trends
  • Provide regular leasing reports and updates to senior management
  • Recruit, train, and manage the leasing team, ensuring high levels of productivity and engagement
  • Identify new leasing opportunities and collaborate with the acquisitions team to assess potential portfolio expansions
  • Implement tenant retention programs and customer satisfaction surveys to maintain high levels of tenant loyalty
  • Incorporate sustainability practices into leasing agreements and property management
Requirements:
  • Must be currently based in Saudi Arabia with a valid sponsorship transfer
  • Bachelor's degree in Business, Real Estate, or a related field (MBA or relevant postgraduate degree is a plus)
  • Minimum of 7-10 years of experience in real estate leasing, with at least 5 years in a leadership or senior managerial role
  • Proven track record of success in leasing high-end commercial, retail, or residential properties
  • In-depth knowledge of Saudi Arabia's real estate market, regulations, and industry trends
  • Strong negotiation, communication, and interpersonal skills
  • Experience in managing a team and leading leasing operations for large-scale real estate projects
  • Proficiency in leasing management software and MS Office Suite
  • Bilingual proficiency in Arabic and English is required
Benefits:
  • Competitive salary range of SAR 350 000 - SAR 500 000 including housing allowance, transportation allowance and medical insurance
  • Opportunity to work with a leading real estate company
  • Professional growth and development opportunities
  • Collaborative and innovative work environment
Equal Employment Opportunity and Non-Discrimination Policy
Equal Employment Opportunity Statement
Both Keller Executive Search and our clients are Equal Opportunity Employers in accordance with Saudi Labor Law. For all positions, whether with Keller Executive Search or our clients, qualified applicants will receive consideration for employment without discrimination, in compliance with Saudi labor regulations and Saudization requirements.
Commitment to Diversity
Keller Executive Search and its clients are committed to fostering a professional work environment where all individuals are valued and respected, in alignment with Saudi cultural values and workplace norms.
Reasonable Accommodations
Both Keller Executive Search and our clients are committed to providing reasonable accommodations to individuals with disabilities in accordance with Saudi Labor Law. We engage in an appropriate process to determine effective, reasonable accommodations while respecting local customs and practices.
Compensation Information
For client positions, compensation information is available in the job post. Actual salary may depend on skills, experience, and alignment with similar roles. Salary packages will comply with Saudi Labor Law requirements, including:
  • Basic salary
  • Housing allowance
  • Transportation allowance
  • Any additional benefits as per Saudi labor regulations
Compliance with Laws
Both Keller Executive Search and our clients comply with Saudi Labor Law and related regulations governing employment. This policy applies to all employment terms and conditions, including:
  • Recruiting
  • Hiring
  • Placement
  • Promotion
  • Termination
  • End of service benefits
  • Leaves of absence
  • Compensation
  • Training
Workplace Conduct
Both Keller Executive Search and our clients maintain a professional workplace environment in accordance with Saudi cultural values and workplace regulations. All employees are expected to conduct themselves in accordance with local customs and practices.
Employment Verification
Keller Executive Search and/or our clients comply with Saudi employment verification requirements, including:
  • Verification of educational credentials
  • Authentication of professional certificates
  • Validation of previous employment
  • Required government approvals and documentation
Privacy
We collect and maintain personal information in accordance with Saudi data protection regulations. Information collected is used solely for recruitment and employment purposes as permitted by law.
Additional Considerations
  • Working Hours: In accordance with Saudi Labor Law, standard working hours and Ramadan working hours will be observed
  • Weekend Days: Friday and Saturday are designated weekend days
  • Religious Observances: Prayer times and religious holidays will be respected
  • Gender-Specific Requirements: Workplace arrangements will comply with Saudi regulations regarding gender segregation where applicable
Local Compliance
Both Keller Executive Search and our clients comply with all applicable Saudi regulations, including:
  • Ministry of Human Resources and Social Development (MHRSD) requirements
  • Saudization quotas and requirements
  • Work visa and residence permit regulations
  • Social insurance requirements
Note: This job posting may be for a position with Keller Executive Search or one of our clients. The specific employer will be identified during the application and interview process. Employment terms will comply with Saudi Labor Law and related regulations.
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