There are considerably few people in the earth who have developed a wide-scale business that impacts many. In fact, there are even fewer people with the desire to make such a business. But, Hussain Sajwani is lucky to be one of them. Hussain Sajwani attributes a huge part of his success to his upbringing.
Hussain Sajwani’s Upbringing
Hussain Sajwani was born in a family of business people. In fact, during an interview, he stated that when he was 7/8 years-old, he used to spend most of the time with his father in his shop. During those times, Hussain says that he’d see a customer buying a couple of vest and once they left, his father would increase the price. When Hussain asked the father why, he explained that customers will buy something at whatever price as long as it is in shortage.
Soon after, Hussain Sajwani, DAMAC owner headed to study in Baghdad. Within a short time, he was done with school and he wanted to pursue his degree. That is when he got a chance to head over to Seattle where he got his Bachelor’s degree in Engineering and Economics.
His experience in the United States brought him to some level of sight that he did not have before. He saw huge houses and saw possibilities of coming and even owning one someday. Thus, immediately he was done with school, he went back to the UAE.
His First Beginnings
Sajwani did not immediately begin building houses, he began as a worker at the the Abu Dhabi gas. But within a period of two years, he was already tired of his job. It wasn’t something that was part of his interest and he decided to resign in 1966. During the same year, he began a business that dealt with properties where he would build, lease and sell properties.
The Landscape Changes
In 2001, his business landscape changed. He began to build properties with a long term purpose. This was as a result of the policies that the government introduced allowing engineers to build 99-year-old properties. In 2002, the government passed an even better policy where they allowed foreigners to buy properties.
Over the years, the DAMAC owner, has gone through some exciting times and some challenging times and yet, he has not given up on his vision and dream. In fact, the DAMAC owner has seen his business rise to the point where it was listed in the London Stock Exchange.