When it comes to the real estate Moguls, Hussain Sajwani has to be mentioned among the veterans in the field. The Dubai based tycoon started off as a contractor in one of the National oil companies in Abu Dhabi before venturing into his own business of catering. In 1995 he noticed an influx of guests who came into the country for business but did not have places to stay. He resolved to build units to accommodate them, and that was his entry point into the real estate business. He started DAMAC Properties in 2002 with the aim of providing luxurious apartments both for commercial and residential purposes.
Since its establishment, DAMAC properties has expanded into cities like Lebanon, Qatar, Saudi Arabia and the United Kingdom and is known for delivering homes with defined portfolios. Under Hussain Sajwani leadership, the company has been able to deliver about 20,000 successful home projects and had 44000 units in the process. The DAMAC owner has contracted the services of several brands to bring in ideas that will boost the existing designs so that they can remain relevant in the ever-changing market. Among these brands are the Tiger woods for the golf course designs and Versace.
In addition to their friendship, the DAMAC owner has business relations with the POTUS, Donald Trump. The two real estate titans have partnered in making of the Trump Golf Course in Dubai, and despite unwelcoming reactions from people Hussain Sajwani said that they intend on doing more business with the trump family even though Trump will not participate because he is in office, his wife and sons are actively involved.
The DAMAC owner (@HussainSajwaniOfficial) has a philanthropic spirit, and on Ramadhan, he donated AED 2 million to support Sheikh Mohammed bin Rashid campaign to dress one million children. Hussain Sajwani made the contribution on behalf of DAMAC properties with the aim of promoting the government efforts to change the lives of low-income earners in the Dubai economy. Hussain Sajwani said that the children were the future and it was only fair to create an environment that would give each of them an excellent start to their lives. Know more about Hussain Sajwani on Bloomberg.