A conversation about the real estate industry in Dubai cannot be complete without the mention of Hussain Sajwani and his company, DAMAC Properties. He has been able to build a name for himself in the country and beyond. He is also known to cultivate close relationships with important people around the globe, including the president of the United States, Donald Trump. The president who also has interests in real estate holds the entire Hussain Sajwani family in high regard as illustrated in his New Year’s speech.
Hussain Sajwani was privileged to study at the University of Washington where he attained a Bachelor’s degree in Industrial Engineering and Economics. He then secured a position at GASCO as a Contracts Manager. In 1982, he left the position to venture into business leading to the establishment of his first venture in catering. He was able to rise rapidly by securing contracts with top clients that included the United States military and a construction company Bechtel. Being the visionary that he is, the DAMAC owner spotted an opportunity that would give him more revenue than the catering business. He had his eyes in real estate after the fall of the Soviet Union. The visitors and businesspeople frequenting the country gave him a ready market for mid-market hotels that he developed in Deira. Learn more: https://www.linkedin.com/in/hussainsajwani
Hussain Sajwani fully immersed himself in real estate after the government allowed foreigners to become owners of properties. In 2002, he created a company which has grown over the years to the real estate developing titan that it is today, DAMAC Properties in 2002. The company is well-known for the development of Aykon London One tower located in Nine Elms in London. Other remarkable developments include a golf course managed by the Trump Organization which was designed by Tiger Woods. Today, the firm has operations are spread across the globe including in Saudi Arabia, Jordan, Qatar, and Lebanon.
Hussain Sajwani is very passionate about giving back to the communities. He is known to support the Ramadan Initiative by the UAE Prime Minister, His Highness Sheikh Mohammed bin Rashid Al Maktoum. The initiative clothes poor kids drawn from across the world.