Hussain Sajwani is the founder and chairman of DAMAC Properties, which is a property development company. DAMAC Properties is a public company whose headquarters is in Dubai, United Arab Emirates. He founded it in 2002. It deals with engineering, construction, architecture and real estate, focusing on the development of commercial, residential and leisure properties in the Middle East.
In the mid-90s, the DAMAC owner started building hotels to host people who visited UAE for business. He has vast expertise in sales, marketing, legal, administration, and finance, which has enabled him to succeed in property development. The company’s record in luxury property is extemporary and has big projects in London, Riyadh, Jeddah, Beirut, Amman, Doha, Abu Dhabi and Dubai.
Relationship with Trump
In 2013, Hussain Sajwani collaborated with Donald Trump in the development of the Trump International Golf Club whereby villas gained billions in sales. Hussain Sajwani family and Trump’s family enjoys a good business relationship which started even before the elections. The golf course has two brands. One is Trump International Golf Course Dubai, which began to operate in February 2017 and the other one dubbed as Trump World Golf Course, designed by Tiger Woods is set to open towards the end of 2018. At a press conference after elections, president Trump termed Hussain Sajwani as a great person.DAMAC Properties is listed in Dubai Financial Market with its shares trading in the market publicly. The company employs close to 200 employees.
Rising to the Top
After the Dubai government gave foreigners a chance to own property, Hussain Sajwani took the opportunity to provide non-Emiratis with apartments for sale. He bought land in an undeveloped area and was able to sell units in a 38-story building in 6 months before he embarked on the construction. Since then, he has brought a new face to Dubai.
More about Hussain
Hussain graduated from the University of Washington. After graduation, he worked with GASCO, a branch of Abu Dhabi National Oil Company, as a contracts manager. In 1982 he ventured into a catering business, which had clients from the U.S military and Bechtel, a construction firm. The catering business is still in operation. Learn more: http://blog.raynatours.com/top-10-richest-men-uae/
Giving Back to the Community
Hussain Sajwani donated AED two million towards a campaign for clothing a million needy children around the world. His Highness Sheikh Mohammed bin Rashid, the vice president of UAE, launched the Ramadan initiative with the aim of clothing a million needy children across the world. Learn more: https://twitter.com/hussainsajwani