Saudi Arabia Job Openings

Keller Executive Search

Leasing Director - Real Estate Portfolio (Commercial, Residential & Retail)

Riyadh

FULL TIME

October 24, 2024

Position Overview: Our client is looking for an accomplished Leasing Director to take the lead in managing their expansive portfolio of commercial, residential, and retail properties. This role will involve formulating and executing leasing strategies, optimizing financial performance, and cultivating key tenant relationships. The successful candidate will be instrumental in ensuring the assets' profitability and maintaining high occupancy rates within Saudi Arabia's rapidly evolving real estate sector.

Key Responsibilities:
  • Negotiate lease agreements, renewals, and extensions to align with the company’s financial goals.
  • Monitor occupancy rates, rental income, and leasing expenditures, providing detailed reports to senior management.
  • Build and sustain strong relationships with major tenants, landlords, and stakeholders.
  • Ensure compliance with local regulations and oversee day-to-day leasing operations.
  • Create competitive pricing models and promotional initiatives to attract top-tier tenants.
  • Recruit, manage, and mentor the leasing team to ensure high productivity and engagement.
  • Collaborate closely with the marketing team to enhance property visibility and branding.
  • Conduct in-depth market research to stay ahead of industry trends and pricing benchmarks.
  • Implement tenant retention strategies and ensure high satisfaction levels.
  • Incorporate sustainability practices into leasing and property management processes.
  • Identify new leasing opportunities and work with the acquisitions team on potential expansions.
Requirements:
  • Must be currently residing in Saudi Arabia with a valid sponsorship transfer.
  • Bachelor’s degree in Business, Real Estate, or a related field (MBA or equivalent advanced degree is a bonus).
  • Minimum of 7-10 years of leasing experience, including at least 5 years in a senior or leadership role.
  • Proven success in leasing high-end commercial, residential, or retail properties.
  • Strong understanding of Saudi Arabia’s real estate market, laws, and industry standards.
  • Fluent in both Arabic and English.
  • Excellent negotiation, communication, and relationship-building skills.
  • Proficiency in leasing management software and MS Office Suite.
  • Experience in overseeing large-scale leasing operations and managing teams.
Benefits:
  • Attractive salary range of SAR 350,000 - SAR 500,000, which includes housing and transportation allowances, as well as comprehensive medical insurance.
  • Opportunity to work within a top-tier real estate company.
  • A dynamic and innovative work culture.
  • Professional growth and career development opportunities.
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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