Hussain Sajwani, UAE Billionaire Behind DAMAC Properties

Hussain Sajwani is the chair and founder of DAMAC Properties which was established in 2002. The DAMAC owner graduated with a Bachelor of Science degree in Industrial Engineering and Economics from the University of Washington. Hussain Sajwani began his career in the food service business and attracted clients such as the USA military and Bechtel, the construction giant. However, in 2002, Hussain shifted his focus from the food service industry towards the real estate sector.

 

Damac Properties

 

Damac Properties is a well-known real estate development company headquartered in Dubai. The company mainly focuses on projects ranging from commercial to residential properties within the Middle East region. Damac Properties has been incorporating the food service business in its daily operations which has strategically positioned the company to be the leading operator in both the real estate and hotel service industry. Damac Properties has completed 8890 units since it was established. Sajwani has also constructed Fendi-, Bugatti-, and Versace-branded residential properties and engages in promotional stunts by handing Lamborghinis to clients who buy the apartments. Hussain Sajwani aims at expanding his business operations towards Turkey, Egypt, and Saudi Arabia.

 

Hussain Sajwani Teams Up with Donald Trump

 

Hussain Sajwani took advantage of the Dubai government decree that allowed foreigners to own property in the emirates. As a result, non-Emiratis became his main apartment clientele. Back then, Sajwani purchased land in an undeveloped part of town, and before he even started construction for the 38-story residential building, he sold many units in just less than six months. In 2013, Damac Properties teamed up with Donald Trump before he became President to develop two golf courses.

 

The Trump International Golf Course Dubai was set up in February 2017 at Akoya residentials, whereas, the Trump World Golf Course which was designed by Tiger Woods is slated towards the last quarter of 2018. This has been one of the best ventures in the Hussain Sajwani family.

 

Hussain Sajwani’s Philanthropies

 

Hussain Sajwani actively participates in some charitable foundations. For example, in 2013, he made donated two million dollars towards AED’s campaign to provide one million children with clothing around the world. Apart from that, Mr. Sajwani also encourages youth members to enroll and in various entrepreneurship programs.

 

Follow Hussain Sajwani on Facebook.

Leave a Reply

Your email address will not be published. Required fields are marked *