Hussain Ali Habib Sajwani founded DAMAC properties in 2002. Prior to the start up of DAMAC, Sajwani worked in the food service business. Sajwani was involved in his food supply and catering service in the 1980’s. He had business clients such as the US military, and Bechtel, a known leader in the construction industry. Additionally, his food service company provided provisions to the energy sector of Abu Dhabi. He is still the owner of his Hussain Sajwani family food business. Sajwani had dabbled in real estate prior to opening his food service supply company and saw prime market conditions to return to real estate. Before developing in Dubai, Sajwani developed Deira. He constructed mid market hotels after the Soviet Union’s collapse. There was a need for temporary lodging due to the influx of visitors from that region.
DAMAC properties is based out of Dubai and is a real estate construction, architecture and engineering company. Damac owner Sajwani took advantage of a decree in Dubai that allowed foreigners to to purchase emirate properties. Sajwani’s first property to be built in Dubai was in an underdeveloped portion of the area and it was a thirty eight story residential building. Sajwani saw a need for housing in the area and was able to have all units sold prior to it’s construction completement.
Hussain Ali Habib Sajwani has a net worth of $3.9 Billion. After his successful build of a residential building, Damac properties partnered with Donald Trump in 2013. The business relationship would result in developement of two seperate golf courses that would be Trump branded. The first of these two newly developed golf courses opened in February of 2017. The Trump International Golf Course was constructed at Damac’s Akoya residential living developement. In 2018, at a different residential living developement designed by Damac, the Trump World Golf Course will be operational. The Trump World Golf Course was designed by professional golfer Tiger Woods.
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