The billionaire Hussain Sajwani who has an estimated net worth of $4.9 billion is the current chairman of DAMAC properties. As a graduate of the University of Washington, he became the Contracts Manager for GASCO which was a subsidiary of Abu Dhabi National Oil Company.
His entrepreneurial journey started when he left GASCO to start his own catering business in 1982. One of his major achievements during this time is that he managed to provide his services to the US Army during the Iraq war.
Hussain’s first encounter with real estate is when he discovered that there was not enough accommodation for the frequent visitors to Emirates. That is when he came up with DAMAC properties and decided to venture into real estate. His first move was purchasing land in an underdeveloped area and built residential housing units. The first project was a success as he sold a 38-story building even before he had started its construction.
One of the projects the DAMAC owner has worked on is the Donald Trump International Golf Course Dubai which was opened in February 2017. The Sajwani family has been close to the Trump family as they have done business deals together. Another Trump-branded golf course is scheduled to be opened in 2018. This particular project was designed by Tiger Woods. Both Trump and Sajwani celebrated New Year’s Eve together.
Sajwani’s contribution to the real estate industry has seen Dubai become one of the most sought-after destinations. DAMAC has been specializing in luxurious apartments, both commercial and residential ones. They have property all over the Middle East in cities like Dubai, Beirut, Jeddah, and Amman. They contract the best interior designers to ensure that they deliver unique and high-quality property.
He believes that networking with the right influential people could build strong business relationships. This has helped him in the continued growth and success of the company. Hussain Sajwani together with his company has been on the forefront in helping the needy people. He is involved in donating to organizations whose purpose is to change the livelihoods of people globally. Hussain believes that the younger generation is the future which they need to be nurtured into success.
Connect with Hussain Sajwani on LinkedIn.