The Real Estate Property Development Guru Transforming Real Estate in UAE
DAMAC Properties Chairman, Hussein Sajwani is a renowned entrepreneur. His Dubai-based real estate development company, founded in 2002, has since risen from a simple real estate business to luxury real estate development. His company has turned heads with its extravagant marketing strategies such as offering free Lamborghinis and Bentleys to apartment buyers.
However, what many people do not realize is that he actually started out with a humble food business. From there he advanced to catering for the United States military and construction giants- Bechtel. Hussein Sajwani got into the food business way back in 1980. His business included supplying and catering food to workers in the energy sector in Abu Dhabi.
Today, Hussein Sajwani has an impressive net worth of over two Billion dollars. Perhaps what is even more outstanding is his connections to world leaders such as the Emir of Dubai as well as the president of the United States, Donald Trump.
A firm and promising relationship exists between Donald Trump and Hussein Sajwani. In fact, only recently in 2013, the two collaborated in developing two Trump-branded glamorous golf courses in Dubai. The Trump International Course Dubai has turned heads due to its luxurious design and implementation. The two are set to further their business relationship by collaborating their real estate development companies, DAMAC and The Trump Organization. The two are set on embarking on a mutually profitable real-estate project together.
When he is not working, Hussein Sajwani is a philanthropist. One of his most charitable actions was donating two million dollars for the noble cause of clothing deprived children around the world through AED. This was a Ramadan initiative launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
DAMAC was founded following the amendment of Dubai laws which allowed foreigners to own property in Dubai. the company is a testament to Hussein Sajwani’s ability to seize opportunities as well as cultivate friendships with people in high places. DAMAC is set to take advantage of the recovery of UAE property prices. In fact, the company is currently considering to go public.