Mr. Hussain Sajwani is a United Arab Emirates national born in 1954. Hussain is a man with very humble beginnings. Hussain’s father owned a shop but did a side hustle where he worked on the real estate. Although his father wanted him to join the family business, Hussain had a different path in mind. He wanted to pursue his studies to have a professional career. He obtained a scholarship from the government which enabled him to go abroad and studies in the United States. He attended the University of Washington where he received his Bachelor’s degree in Industrial Engineering and Economics.
Hussain Sajwani established DAMAC Properties under the DAMAC Group in 2002. This was after an outstanding career which began in 1981 in the food catering industry. He got huge clients such as the U.S Military and Bechtel. He also spent a bit of time as Contracts manager in the Abu Dhabi National Gas and Oil Company. Sajwani launched the company anticipating the change that would take place in the Arabian real estate market after a change in government policy that allowed foreigners to own property in Dubai. It has grown to become one of the largest property managers in all of the Middle East. Hussain Sajwani’s experience in the management of properties and legal and financial implications of the real estate market is one of the leading drivers of the company’s success.
Hussain Sajwani owner of DAMAC properties took the company public in the Dubai Financial Market in 2015. The company which has grown to over 2,000 employees has created a name for itself by being trendsetters in the luxury properties development market. It has partnered with many renowned organizations to bring impeccable projects to life. Notably, it associated with the Trump Organization to construct a beautiful golf course which was designed by Tiger Woods.
The exponential growth of the company can be attributed to the vision and entrepreneurial expertise of the owner Hussain Sajwani. He has provided clear leadership which encourages growth and innovation to flourish. His success can be estimated by the fact that it is the first Arabian real estate company to be publicly traded on the London Stock Exchange as from 2013. Hussain Sajwani is also a serial philanthropist by nature. He is a big supporter of charities which cater for education and has supported over 50,000 children.
DAMAC properties are doing great things in Dubai, and is currently constructing a second building in it’s AYKON district, overlooking Dubai Canal. DAMAC properties has recently procured a tender for a 1.7 million square foot luxury development construct in the heart of Dubai. Aykon is one of the biggest and most ambitious development centers in and around the Dubai area, featuring a city within a city. Aykon plaza exists within AYKON plaza, featuring a entertainment and lifestyle hub. In February, CSCEC, a Chinese development firm sought to build 600 dollars worth of property in the AYKON area. DAMAC is set to construct a 10 building tower with three basements, 49 residential floors and a rooftop and ground floor.
Hussain Sajwani is the leader, ownerand CEO of DAMAC development group, a company that was created in 1982 after he graduated from University of Washington. He chose the entrepreneurial path after being exposed to his father’s business as a child. Hassan formed the DAMAC company in 2002. Prior to this, he created a catering company that looked over 200 projects and providing 150,000 meals to people in three different continents.
With his educational background, Hussain Sajwani has successfully built a strong foundation in DAMAC properties. They have worked on projects all over the Middle East and abroad in Dubai, Abu Dhabi, Doha, Amman, Beirut, Jeddah, Riyadh and London. DAMAC properties has worked on ambitious projects with Tiger Woods, the Trump Organization, Versace Home, Fendi Casa, Paramount Hotels & Resorts, among other companies.
As the CEO of DAMAC, Hussain Sajwani has a long and successful track record. He has other ventures in successful businesses like Al Amana Building Materials which has worked with the Villeroy & Boch, Grohe and Dorn Bracht brands, and DICO investments, as well as Al Anwar Ceramic Tiles Co, and Al Jazeira Services. Hussain Sajwani has achieved success in many areas and continues to be an active, accomplished investor in Dubai and around the globe.
Hussain Sajwani is the founder and Chairman of DAMAC Properties. DAMAC Properties is the largest luxury property developers in the Middle East. Hussain Sajwani was introduced to business in his childhood. He spent a lot of time in his father’s shop.
Hussain attended the University of Washington where he graduated with a Bachelor’s degree in Economics in 1981. He was employed by GASCO as a contracts manager after graduation. He did not work here for long. He left the company in 1982 to venture into entrepreneurship.
Hussain started a catering venture that he named the DAMAC Group. The company provides hundreds of thousands of meals each day in several areas including Russia, Africa, and the Middle East. They serve meals at construction sites, army camps, top hotels, and learning institutions.
Some of the organizations and companies that they have served include the U.S. Military and Betchel. Betchel is a construction company. DAMAC received an award from the US Military for their extraordinary service during the Iraqi war. Read more: Hussain Sajwani | Forbes and DAMAC Chairman Relishes His Roots
Hussain Sajwani saw an opportunity in the property market in Dubai when the government started to allow foreigners to own property in the region in 2002. He started DAMAC Properties to fill this gap in the market.
The company has its headquarters in the United Arab Emirates. Sajwani’s leadership helped the company to navigate through hard times during the economic downturn of 2008.
Hussain Sajwani and Donald Trump have been business partners for a long time. They have collaborated on various projects together. The Trump World Golf Course is slated to open next year. It was designed by Tiger Woods who is a decorated golfer.
The Trump International Golf Course was opened in February. It is situated on the Akoya residential development that is owned by DAMAC. Sajwani and his wife were guests at Trump’s new year’s eve celebration which was held in Florida. Learn more about Hussain Sajwani Family: http://www.arabianbusiness.com/the-world-richest-arabs-2014-574217.html?view=profile&itemid=574179#.WHgeI2QrIUs
Hussain Sajwani has invested in several other companies over the course of his career including Al Anwar Ceramic Tiles Co, Al Jazeira Services, and Al Amana Building Materials.