The History and Luxury Projects of DAMAC Properties

Hussain Sajwani is an Emirati businessman and entrepreneur who founded DAMAC Properties, a luxury real estate development company based in Dubai, in 2002. The billionaire real estate developer had launched DAMAC Properties shortly after a decree was issued that allowed foreigners to own real estate property and plots of land in Dubai, UAE. All the apartment units of DAMAC’s first residential building had instantly sold out months before they even started laying down its foundation. Hussain Sajwani went on to develop many residential, commercial and leisure properties across the entire Middle East as well as areas in the United Kingdom. DAMAC Properties is now the largest luxury real estate developer in the United Arab Emirates.

Forbes Middle East said that DAMAC Properties have completed over 20,880 luxury homes and more than 44,000 units are still under development. Some of the most famous properties include the UK-based Aykon London One tower that features one-of-a-kind interior designs by Versace and several world-class Trump-branded golf courses located in Dubai. Other projects include luxury apartments with interiors designed and styled by Fendi, Versace and Bugatti. In 2017, the company was proudly chosen to redesign a public waterfront located in Oman and are set to turn it into a breathtaking tourist destination. Donald Trump and Hussain Sajwani have been close business partners and friends many years before Trump became the president. On February 17, 2017, both of President Trump’s sons, Eric and Donald Jr., had traveled to Dubai to help celebrate the inauguration of Trump International Golf Course.

Hussain Sajwani was born in Dubai and raised in a middle-class family. His father owned a shop that sold many imported goods and his mother sold fine fabrics. He is a graduate from the University of Washington and majored in industrial engineering and economics. He began his career at Abu Dhabi Gas Industries and worked as a contract manager in the finance department in 1981. A year later, he formed his own catering company that served many U.S. military camps and large construction campsites. His catering business is still active today and now services the hospitality industry. Hussain Sajwani (@hussainsajwani) is married and has four children.

Additional Info: https://www.crunchbase.com/person/hussain-sajwani

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