Hussain Sajwani was born in 1954 and is a native of the UAE. He is the Founder, Chairman and the Chief Executive Officer of DAMAC Properties, one of the top companies that have given Dubai its admirable look. Since his formative years, Hussain has been determined to conquer in the ever-competitive real estate field, and DAMAC has helped him achieve his dream.
Prior to his breakthrough, Sajwani worked at GASCO where he served as a Contacts Manager. In the summer of 1982, Hussain established his catering venture, a business that became an instant success. The catering company serves thousands of meals every day and manages hundreds of projects in different settings.
Sajwani established numerous prestigious hotels to accommodate the increasing number of people visiting Dubai. In 2002, the government of Dubai instituted a new policy that permitted foreigners to acquire properties. Sajwani saw the policy as a great market opportunity for success of real estate business and founded DAMAC Properties. DAMAC has now grown into a leading brand in property development in the United Arab Emirates.
At present, DAMAC has become a market leader and has joined forces with reputable brands to bring exciting living concepts in Dubai. In 2013, for instance, DAMAC partnered with The Trump Organization to establish Trump-branded golf courses in Dubai. Trump describes Sajwani as an investor with an amazing personality and expresses his willingness to work with him in the future.
Sajwani is said to be the brains behind DAMAC’s eye-catching marketing stunts that help the firm to win a great number of clients. Sajwani’s leadership skills have helped DAMAC become one of the most profitable real estate companies in the Middle East. In 2015, for instance, the company generated annual revenue of $2.3 billion, with a net margin of more than 50%.
The DAMAC owner attended the University of Washington and pursued a B.S in Economics and Industrial Engineering. Apart from real estate business, Hussain Sajwani family takes part in several charitable programs. He makes generous contributions to aid foundations supporting the local community and the needy in various locations. Through DAMAC Properties, Sajwani also contributes towards the initiatives that encourage youth entrepreneurship.
To learn more, visit http://www.damac.com/.