Hussain Sajwani is an entrepreneur, founder, and chairman of glitzy property development company, DAMAC Properties. DAMAC Properties is one of the largest luxury residential and commercial properties development and management in the Middle East. The company has completed over 21,700 homes since inception while another 44,000 units are at different stages of completion. Their exceptional work has led them to expand to other countries like Lebanon, Saudi Arabia, the United Kingdom, and Qatar.
Hussain Sajwani has been in the entrepreneurial field from a young age where he used to run his father’s shop. This experience helped him pick up the requirements of a good business venture. He has a degree in Economics and Industrial engineering from the University of Washington. After school, he got a job at the Abu Dhabi National Oil. While working there, he started his first company in the food industry. The business provided catering for many high-end customers like Bechtel and the United States Army.
In the 1990’s Hussain Sajwani saw a gap in the hotel industry and exploited it by constructing middle range hotels to host visitors. There was an influx of people due to the collapse of the Soviet Union which led to people moving a lot to seek business opportunities. Towards the end of 2001, a bill that made foreigners eligible to own property in Dubai was passed. Sajwani applauded the law and started his company that would build luxury properties for sale, DAMAC Properties. The response was so confident that he would sell units even before they were developed. The company is listed on the Dubai Stock Exchange where it trades stocks.
Due to his dominance in Middle East, Hussain Sajwani (@HussainSajwaniOfficial) has cultivated friends in high places like the president of the US Donald Trump. The two businessmen have collaborated on the construction of The Trump International Golf Course, designed by golfer Tiger Woods. DAMAC Properties works with sister companies like Bugatti, Fendi Casa, Just Cavalli, and Versace in interior design and marketing. The company supports various charities and organizations that support the needy in the society. They recently gave out 2 million AED to help the clothing of poor and needy children.