DAMAC Properties Owner Hussain Sajwani

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DAMAC owner Hussain Sajwani is a resident of Dubai with his four children and wife. In his earlier life, he came to the US on a scholarship and graduated from the University of Washington with his Bachelor’s in Industrial Engineering and Economics.

Hussain Sajwani founded DAMAC Properties in 2002 after years of working in the food industry. He started his own catering business in 1982. While working with the US military and Bechtel Construction, he realized that catering wasn’t as lucrative as the housing market. His family had previously worked in the development of hotels for people who were fleeing after the Soviet Union’s collapse. Using this experience, Sajwani founded DAMAC Properties.

As the owner of DAMAC Properties, he normally goes for developments that are either for leisure, commercial, or residential purposes. Regardless of the type of property, they are all luxurious. DAMAC properties is known for their wild marketing techniques such as giving away a Lamborghini to those who buy an apartment.

Hussain Sajwani is said to be worth billions and he has done this through the ownership of DAMAC Properties. Being in the UAE, they can help those who are in need in the surrounding areas in the Middle East and even the United Kingdom. They are planning to expand into Saudi Arabia and Turkey. Sajwani and DAMAC has decided not to expand into places like Egypt and Syria because of the political issues that are occurring there.

DAMAC’s owner Hussain Sajwani also has a business relationship with US President Donald Trump. They currently work together on a golf course designed by Tiger Woods and managed by Donald Trump. The two business men have plans to make another deal in the real estate market, but President Trump has not moved forward with this agreement since it could conflict with his job as President.

Besides being the developer of many luxurious properties in the Middle East and beyond, they also care about the community and make contributions to campaigns for children who do not have clothes. They have been able to give clothing to over 50,000 children with DAMAC’s contribution of 2 million AED.

Extra source: https://arabic.arabianbusiness.com/special-reports/376577/22