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.