DAMAC Owner Hussain Sajwani And DAMAC Properties: An Amazing Story

Dubai, UAE native Hussain Sajwani is a savvy, successful entrepreneur. A University of Washington graduate, he began his business career working as a contracts manager with the Abu Dhabi National Oil Company subsidiary called GASCO. In 1982 Sajwani started a catering company that gradually expanded, got a number of lucrative contracts and became very successful. In the 1990s, he was a pioneer in Dubai’s property market expansion. Sajwani built a series of hotels to house the vast number of people that were visiting the country for business and pleasure.

In 2002 Hussain Sajwani founded a global property development company called DAMAC Properties and serves as its chairman and CEO. The company capitalized on the market opportunity he had identified. Within a few years DAMAC Properties became one of the Middle East’s largest property development companies. Sajwani’s expertise in finance, administration, sales and marketing were major reasons for the company’s success. As the DAMAC owner, he then secured prestigious projects in Abu Dhabi, Amman, Beirut, Doha, Dubai, Jeddah, London and Riyadh. It has helped to make the Hussain Sajwani family wealthy and well-respected.

Today DAMAC Properties has about 2000 employees, has built more than 16,800 homes and has more than 44,000 units under development. It has an excellent reputation for luxury property development and is publicly-listed and traded on Dubai’s financial market. Hussain Sajwani is also active in global capital and equity markets through his DICO Investment Company. The company specializes in private equity and mergers and acquisitions and has holdings in many publically traded companies. It has consistently been able to identify value propositions regionally and globally.

Hussain Sajwani has done major projects with internationally known brands like Fendi and Versace and Bugatti. He has also worked with Tiger Woods and the Trump Organization on golf courses and other projects. In a press conference held soon after being elected U.S. president, Trump praised Sajwani and called him an ‘amazing man’. Sajwani recently launched DAMAC Maison, the hospitality division of DAMAC Properties. This division will provide residents of over 12,000 hotel apartments with bespoke services. DAMAC’s extraordinary growth is due in large part to Hussain Sajwani’s vision and entrepreneurial skills.

Considered among the 100 most influential Arabs worldwide, Hussain Sajwani has shown he is capable of turning even the grandest business vision into a corporate reality. He has provided the leadership necessary to help his company maintain its incredible growth trajectory.

Check out Sajwani’s profile here: hussainsajwani.com/ar/profile/

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