A close friend of President Trump, Arab real estate mogul and DAMAC owner Hussain Sajwani has lived out his own example of Trump’s book “Art of the Deal.” He’s worked closely with UAE government leaders and contractors to build some of the most extravagant properties in the Middle East, but how he arrived at that point came from the lessons he learned from his father. As a young boy, Hussain Sajwani would help his father manage the merchandise at his trade shop, and he would notice sometimes that his father would strike high-priced deals with visiting customers when selling certain items. He learned from his father how to identify commodities in the market that were high in demand, and in doing so would later apply that principle to real estate as DAMAC owner.
Hussain Sajwani got his bachelor’s degree from the University of Washington and then launched his first business, an international catering venture. The business’s clients ranged from large corporations to non-profit groups and government agencies. While running this company, Sajwani was exposed to even more opportunities to build wealth through buying affordable commercial real estate and turning it into highly developed parts of the UAE’s capital, Dubai. He founded DAMAC Properties in 2002 and its portfolio has been steadily growing ever since.
Some of the most well-known properties Hussain Sajwani has developed as DAMAC owner include the Marina Terrace housing area near the Persian Gulf coast, Park Towers in the financial district, DAMAC Tower in Beirut, Lebanon, DAMAC Hills which has been part of a partnership with the Trump Organization, and AYKON City. DAMAC Properties was privately-owned for about the first 13 years that Hussain Sajwani owned it, but a few years ago he took it public and had shares listed on both the Muscat Exchange and the London Stock Exchange. In addition to investing in real estate, Sajwani supports several philanthropies sponsored by the UAE government that include the Red Crescent, One Million Arab Coders, and various humanitarian aid groups.