Few people have had such an illustrious career in the real estate industry as Hussain Sajwani. A UAE national, he founded DAMAC properties, one of the world’s biggest companies dealing in property development. Additionally, he has worked with only the best in the real estate industry, notable among them being the United States President, Donald Trump. He has, however, not always been at the top.
Starting from Scratch
When he graduated from the University of Washington with a degree in Economics and Industrial Engineering in 1981, Hussain Sajwani found a job with a subsidiary of Abu Dhabi National Oil Company, GASCO, as a Contracts Manager. He did not stay for long, choosing to be his own employer. He started a catering business in 1982.
Gifted with a keen eye for business opportunities, Hussain Sajwani noted the growing number of business people and traders who visited the Emirates in the mid 90s. He put up a number of hotels to accommodate them. The opportunities, however, kept increasing and he founded DAMAC Properties in 2002.
Over the years, Hussain Sajwani has led the company from one glory to another. Today, it is one of the biggest property development ventures in not only the Middle East but the world. Learn more about Hussain Sajwani Family: http://www.emirates247.com/news/richest-arabs-youngest-billionaire-wealthiest-family-2016-04-17-1.627434
In addition to DAMAC, the Hussain Sajwani family owns DICO Investments, a company involved in private equities, acquisitions and mergers, and holds majority as well as minority holdings in companies that are publically traded.
Giving Only the Best
Thanks to Hussain Sajwani’s entrepreneurial skills and remarkable ability to turn a vision into reality, DAMAC has continued on its growth path. It is now a publicly listed company employing almost 2000 people, and has delivered more than 16,800 luxury homes with 44,000 units in various stages of planning and progress. They are located in Abu Dhabi, Dubai, Beirut, Doha, Riyadh, Amman, Jeddah and London. Additionally, DAMAC has partnered with giant real estate companies including The Trump Foundation which manages its Tiger Woods style golf course.
The company also has under its wings Bugatti-styled luxury villas, luxury apartments with interiors designed by Italian fashion powerhouses, Versace, and Fendi as well as one of a kind Paramount Hotels and Resorts.
Hussain Sajwani is a rare example of what skills, business insight, and dedication can do in the property development industry. In addition, he has proved that business is not all about getting but also giving.
Among his philanthropic efforts is improvement of the living standards of the poor all over the world. The DAMAC owner donated AED 2 million to help provide clothing to disadvantaged children in various parts of the world.