Hussain Sajwani is the founder and the chairman of the DAMAC Properties. DAMAC Properties is a catering industry and was established in 1982. Hussain Sajwani has been able to make incredible achievements since the humble beginning of this industry. His success was tremendous such that he was featured in the Forbes Magazine list of the top 10 world’s richest Arabs of 2017. He is still involved in the continuous growth and expansion of DAMAC Properties. He also gives back to the society via DAMAC Foundation Mission of Hussain Sajwani.
Hussain Sajwani originated from the Arab Emirates. He schooled in the University of Washington where he attained a bachelor’s degree in industrial engineering and economics. He is the founder and the chairman of one the most prominent and fast-growing real estate developer across Dubai. Before he ventured into this business, he initially developed a private food catering business enterprise by the name DAMAC Food Services. This was a short period after his graduation.
According to cnbc.com, this company boomed, and it attained incredible success after a short period. Its major clients were construction giant Bechtel and the United State military. Apart from these achievements, Hussain Sajwani discovered an opportunity for the growth and expansion of this firm into a tremendous real estate during 2002 when Dubai government made an announcement that foreigners would be legally permitted to purchase as well as own freehold properties within a particular specified area. Few months after the approval of this law, Hussain Sajwani (@hussainsajwani) immediately launched his idea and bought a plot of land. He used this land for the construction of a 38 story residential building and officially launched his new and incredibly successful business. DAMAC Properties.
This company is a publicly listed luxury real development company that specializes in shares trading on Dubai Financial Market. It has approximately 2000 employees as well as a development portfolio of more than 44,000 units. DAMAC Properties is the top luxury property developer in the Middle East. DAMAC Properties isn’t however limited to residential properties. This company has a vast portfolio that incorporates luxurious commercial and recreation developments such as The Trump World Golf Course, The Trump International Golf Course Dubai, and Hollywood Inspired DAMAC towers inclusive of 3975000 sq. feet on a built-up region. Check out his profile on Bloomberg.
Visit Sajwani’s YouTube Channel: youtube.com/HussainSajwaniOfficial