The Middle East Real Estate Mogul: Hussain Sajwani

Hussain Sajwani is a real estate developer mogul with cutting edge entrepreneurial abilities. As an Economics graduate from University of Washington, he shortly had a stint at GASCO as a contracts manager. Compelled by entrepreneurial appetite, Hussain Sajwani founded Draieh Management Services Co (DAMAC) LLC in the year 1992, which grew to become DAMAC Properties Group. Sajwani doubles up as the Chairman and CEO of the DAMAC properties group. Like any other ordinary man, he is married with four children.

The starting point for Mr. Sajwani was in food business where he served the United States army during the first Iraq war. The outstanding services offered to the army earned him an opportunity to serve other American clients such as Bechtel. Hussain is still operating the food business under DAMAC group.

 

After inception of DAMAC properties in 2002, even before construction work started, Mr. Sajwani was able to sell a 38-storey residential property within 6 months. This was largely driven by the surge in residential demand, which had been accassioned by the Dubai government move to allow foreigners own property in the United Arab Emirates. This pioneering success has given DAMAC properties the muscle to team up with other bigwig in property development to deliver luxurious developments. Notably, in 2013, Mr. Sajwani’s firm closed a deal with Donald Trump, the current president of America, to develop The Trump International golf course Dubai and The Trump World Golf course, designed by renowned golfer Tiger Woods. While addressing journalists, shortly after his election, Trump applauded Sajwani as a man behind the $2 billion real estate deal in Dubai.

 

Apart from his entrepreneurial activities, Hussain Sajwani serves as a board member of JUNO Online and Majan University College, and is also involved in charitable courses. In 2013 he gave AED two million dollars to dress over 50,000 needy kids.

 

DAMAC Properties Dubai Co. continues to grow into a recognizable global brand in the property market. The company’s success has largely been attributed to its unrivaled marketing strategies that have seen it develop and sell over 16,000 luxury homes. DAMAC is currently focused on delivering other 40,000 housing units.

Learn more:

http://www.thenational.ae/business/industry-insights/property/damac-chairman-relishes-his-roots