In the heart of the UAE, lies Hussain Sajwani, founder, and chairman of real estate giant company DAMAC Properties that was founded in 2002.
Hussain Sajwani, the DAMAC owner, studied at the University of Washington where he graduated with his bachelors. His career begun when he joined GASCO Company as a Contracts Manager. It did not take him long to start his own company leaving employment. His food services company was started in 1982 and mainly concentrated in serving the U.S military and Bechtel, a giant construction company based in the U.S. In the 90’s, he was building hotels to accommodate the increasing number of people coming to Dubai either to visit, work or to stay. He decided to venture into real estates in 2001 when Dubai finally allowed foreigners in the country to own and develop properties. Hussain Sajwani took advantage of this and started leasing land units. The business became so successful that in 2002, he founded the largest luxurious property development company in the Middle East, DAMAC Properties that mainly targeted the super-rich high class, with a marketing strategy that placed it first among its competitors.
DAMAC Properties mainly deals with the development of high-end residential homes, leisure properties like the two luxurious golf clubs developed for Donald Trump and commercial buildings. Hussain Sajwani markets his company by offering expensive incentives to his clients. DAMAC Properties offers free Lamborghinis and Bentleys to those who buy their properties especially the apartments.
In 2013, Hussain Sajwani started working with Donald Trump to develop two prestigious golf courses in Dubai for the president. His company also started various projects and deals with the Trump Organization, which is Donald Trump’s real estate firm. The two are said to have more than business relations as their families visit each other and the wives are also good friends.
According to an article published on The National, Hussain Sajwani has worked with His Highness Sheikh Mohammed bin Rashid to provide clothes to the needy children across the globe when he donated two million. DAMAC Properties also support Dubai government efforts to enhance living standards of various communities around the world.
The infrastructural development in the United Arab Emirates, especially Dubai, is well-known across the globe. The skyscrapers of Dubai are known to be one of the most elegant pieces of modern architecture, and the boundaries are regularly pushed beyond imagination by the real estate developers of the United Arab Emirates. One of the top real estate developers from Dubai is Hussain Sajwani, who is the chairman of Damac Group, one of the leading real estate firms in the country. Damac Group has not only been developing in the UAE but in many other critical, critical destinations across the globe, including in Beirut, Turkey, Saudi Arabia, Oman, Qatar, South Africa, London, United States, and more.
Hussain Sajwani has been trying to push the boundaries of expansion from the very beginning, and it has helped Damac Group grow at an unbelievable pace in the past few years. He is considered to be one of the wealthiest people in UAE today with the net worth estimated by Forbes to be over $3 Billion and growing. Damac Group has collaborated with many national and international real estate developers to expand its horizon and develop at a rapid pace. One of the collaborations by Damac Group that has been in the news lately is with the US real estate firm Trump Inc, which is owned by Donald Trump, current United States President.
According to bloomberg.com, Hussain Sajwani and Donald Trump know each other for a very long-time and their respective real estate development firms have collaborated on many other projects as well in the past. The families of Donald Trump and Hussain Sajwani are also familiar with each other and are often seen having a meal together in many social events across the globe. Damac Group has undertaken a golf course development project in Dubai, wherein Donald Trump’s real estate firm is is one of the partners. Trump Inc is known to be one of the best golf course developers worldwide, and it is why Hussain Sajwani has roped them in to develop world-class golf courses at the heart of Dubai. Hussain Sajwani continues to find new ways to help Damac Group among the growing competition in the real estate sphere. To know more about his ventures, visit his website here.
The United Arab Emirates-based luxury real estate mogul, Hussain Sajwani has been leading the rising markets of Dubai since 2002 when he established DAMAC Properties and made the move from the food and hospitality industries to a successful real estate developer. As an entrepreneur, Hussain Sajwani has seen his career take many different twists and turns as he has created a business model which has allowed him to ride out some of the most difficult periods in the global economy including the 2008 crash.
Moving into real estate has appeared to be plain sailing for the Hussain Sajwani family who have made close allies of many of the world’s leading real estate moguls and companies over the course of the last decade and a half. The DAMAC owner made his initial fortune when he noticed there were little to no companies offering food services to workers at gas and oil fields in the Middle East; Sajwani was working as a finance expert for the Abu Dhabi Oil and Gas company when he formed a food services company which he still owns operating across the Middle East, Asia, and Africa.
In 2002, the DAMAC founder made his initial move into luxury real estate development when he noticed a change in the rules of property ownership in Dubai allowing foreign nationals to purchase property for the first time. Sajwani believed the luxury real estate markets would open up to the richest people in the world buying properties in the desert region. Eventually, DAMAC purchased a strip of land in an underdeveloped area of Dubai and planned a luxury apartment block which Sajwani sold out before ground had been broken on the project.
The latest developments from Hussain Sajwani have seen the luxury apartment complex transform into resort style living based on impressive golf courses on the outskirts of Dubai. The inclusion of the Trump brand name on the latest resorts including the Trump International Golf Course Dubai which opened in February 2017 and a further golf course planned to open in the early months of 2018.