Influential Business Guru- Hussain Sajwani

Hussain Sajwani is the chairman of DAMAC Properties a leading brand in the market. Sajwani began his career in 1981 at Abu Dhabi Gas Industries working in the finance department.

As a pioneer of the property market, Hussain Sajwani came up with the idea of having a hotel business in 1992 to accommodate the growing number of people who thronged the Emirates to do business. In 2002, he founded DAMAC Properties to embrace the existing market opportunity of properties and has been influential in the growth of the company. In 2017, Hussain Sajwani got listed by Gulf Business in the list of 100 most influential Arabs pinning him as an outstanding businessman. Hussain Sajwani has close ties to President Trump with whom he has procured various business deals under Trump’s real estate firm, Trump Organization. The two real estate titans are close friends who spend time together even when they are not signing business deals.

DAMAC properties has its headquarters in Dubai, United Arab Emirates. The company deals with real estate management and development in the Middle East as well as Dubai. DAMAC properties which got publicly listed in 2015, trades its shares in the Dubai Financial Market. The company has employed close to 2000 talented men and women to assist in realizing its goals. DAMAC Properties has a good track record when it comes to developing luxury property and has developed close to 20,230 homes and over 44,000 units in different planning stages.

The global property development firm has partnered with some of the leading fashion and lifestyle brands to come up with unique and exciting concepts. Luxury apartments have had their interiors done by Versace and Fendi which are Italian fashion houses. Some luxury villas have been styled by Bugatti and Paramount Hotels and Resorts received unique conceptualization. In 2011 DAMAC Properties established ‘DAMAC Maison’, a hospitality division that offered service to 12,000 hotel apartment. The move saw it position itself as one of the largest developers in the Middle East on hotel apartment operations. DAMAC Properties has the ability to develop projects in outstanding locations, offer good working conditions to its employees and partner with the most talented partners in the industry.

Hussain Sajwani, the DAMAC owner, is a remarkable leader who gives back to the society through a range or projects geared towards improving the lives of his people. He has partnered with Emirates Red Crescent to provide clothing to 50,000 children from needy families.

Additional info: https://www.damacproperties.com/en/investor-relations/corporate-governance/meet-our-board

How Hussain Sajwani Became the DAMAC owner

Hussain Sajwani is the DAMAC owner, Chairman and founder. DAMAC Properties is a Dubai based developer of luxury real estate properties for the commercial, private and leisure sectors. Hussain received his degree in economics from the University of Washington and immediately embarked on an entrepreneurial career that first saw him working in the oil industry with GASCO, a subsidiary company of Abu Dhabi National Oil. Before he became the DAMAC owner Hussain also started his own catering business in 1982. The business started out as a modest enterprise at first but has grown today to become a market leader in the Middle East and serves over 150,000 meals per day in the Middle East, North Africa and The CIS. Hussain’s catering business serves at construction campsites, army camps, five-star hotels and educational institutions and also has a speciality in providing services such as camp maintenance, human resource supply and management.

 

Hussain Sajwani was one of the major pioneers of property development in the UAE and this eventually led him to become the DAMAC owner. He built numerous hotels designed to accommodate the large number of people coming to Dubai to do business and trade. In 2002 Hussain realized the huge market prospect available and established DAMAC Properties. The company has quickly grown to become one of the biggest developers in the Middle East due to Hussain’s expertise in the area of property development, marketing, finance, sales and legal matters.

 

DAMAC Properties specializes in the development of leisure, private and commercial real estate and has a Market Capital valued at $4.7 billion. The company has a roster of over 2,000 employees and is the first real estate firm from the Middle East to be listed on the London Stock Exchange as well as being publicly listed in Dubai’s financial market. The company keeps its headquarters in Dubai and continues Hussain’s passionate tradition of putting design and quality first. The company has built a sterling reputation for creating some of the most iconic structures in the Middle East in countries such as the United Arab Emirates, Saudi Arabia, Oman, Lebanon, Joran and Qatar.