The first thought that comes to people’s mind when they hear of a successful investor is that they came from a well-to-do family and acquired the resources from the parents to begin their business. Well, this is not the story of every business person. The owner of DAMAC Properties came from a very humble background.
The father of Hussain Sajwani owned a shop, where he sold pens and watches. Although he showed an interest in real estate, his focus was mainly in his shop. Sajwani’s father ensured that he sufficiently provided for his family even though it meant being away from them most of the time. Hussain was always around his father’s shop from the age of three. He learned the struggles of having a business succeed. He saw his father put in long hours and stay committed to his work throughout to see that it was fruitful. Sajwani says that this served as the foundation of his career.
Hussain went to a medical college in Bagdad on a government’s scholarship but later dropped off. When the Dubai government allowed the foreigners to own property, Hussain sold his property at a profit because he realized the market was very big. This property was not developed yet.
The population was rising in the 1990’s as a result of the investors who came to conduct business in Emirates. Hussain built hotels to accommodate the investors, and this gave him the capital to start his business. In 2002, he launched DAMAC Properties which is listed among the leading property providers in Dubai and the Middle East.
The DAMAC Owner is a very close acquaintance of Donald Trump. There are currently working towards making the Trump International Golf investment which was launched in Feb 2017 a success. Hussain says that despite Trump assuming office, their partnership will not be affected because Trump’s children are very involved in the business.
Hussain Sajwani is a cheerful giver and shares with the less fortunate in his society. He recently donated AED two million to help needy children. In the occasion, he encouraged other individuals in the society to do the same because the children hold the future of the society.