Hussain Sajwani is currently one of the most famous real estate businessmen in the world. He is the founder and CEO of DAMAC Properties. The 64-year-old, UAE citizen, graduated with a bachelor of arts/science from the University of Washington. He is also a family man and a father of four. Hussain Sajwani family is one of the pioneers of the real estate expansion in Dubai. He has been in this industry for over 15 years. He had already started building hotels by mid 90’s when he saw a business opportunity. In 2002, he saw a gap in the real estate market and established DAMAC properties.
Sajwani properties and partners
Hussain Sajwani has steered his company, DAMAC properties, to be one of the most recognized brands in the real estate world. As the Damac owner, the company has worked on a number of properties including luxury apartments and villas, golf courses, hotels, and resorts. The firm has also worked with several other firms in the course of its operations. Some of these include The Trump Organization, Drake and Scull International, and LVMH.
Hussain and Donald Trump
The two have been great friends and business partners even before Donald won the Presidential seat. As friends, they are too close. Family exchange visits have been reported on several occasions. During his new year’s speech, Trump described Hussain Sajwani and his family as the most beautiful people. The two collaborated in constructing the Trump International golf club. The chairman of DAMAC properties is hopeful that he will improve his relationship with the Trump Organization.
The Dubai based company was founded by Hussain Sajwani in 2002 and has its headquarter in Dubai. DAMAC has specialized in developing commercial, leisure, and residential properties. Since its inception, the company has developed over 16,000 homes and has grown to be one of the largest real estate firms in UEA. It employs over 1000 people and has its shares traded on the Dubai financial market. It has reported positive growth that has seen its operations expanded to North Africa, Qatar, Lebanon and Saudi Arabia.
DAMAC and corporate social responsibility
Hussain Sajwani is a great humanitarian. He does care for the community around him. He offered a cheque worth AED 2 million to be used in dressing needy children.