Hussain Sajwani is the founder of a property development company called Damac Properties. Long before he was the Damac owner he embarked on his career as a manager of GASCO’s contracts division which is one of the subsidiaries of the Abu Dhabi National Oil company. In 1982 he started a catering company as a separate venture.
Hussain Sajwani received his education at the University of Washington and became a pioneer in Dubai in the expansion of the property markets. During the middle of the 1990’s he decided to build a few hotels because he believed the growing influx of individuals now being allowed to trade and do business in the emirate would require accommodations. Hussain Sajwani realized what was happening in the market in 2002 and founded Damac properties to take advantage of the existing opportunities. The company has grown and expanded and is now one of the Middle East’s largest companies specializing in property development.
The Hussain Sajwani family is well known for property development and Hussain Sajwani has built a reputation due to his expert handling of Damac Properties. He has gained valuable experience in development, marketing, legal, finance, sales and administration. He has driven Damac Properties on a course with success and is currently involved with various projects in some of the globe’s key cities. This includes Dubai, Riyadh, Amman, Abu Dhabi, Beirut, Doha, Jeddah and London.
Damac Properties employs almost 2000 individuals, trades shares on the Dubai Financial Market and is a publicly listed business. The company’s track record is impeccable and focuses on developing luxury properties. Hussain Sajwani is responsible for more than 16,800 homes and 44,000 units. His development portfolio is at different stages in planning and progress.
Hussain Sajwani is both an investor and a highly successful businessman. His track record includes success in the capital markets and global equity. His investment portfolio currently included securities from different global and regional markets. Hussain Sajwani’s flagship company for investments is the DICO Investments Company LLC. The company specializes in acquisitions, mergers, private mergers and has the minority and majority holdings in publically traded companies.