Hussain Sajwani is a leader in his field, real estate. As a United Arab Emirates national, Sajwani has carved a name for himself in the UAE from his development projects. His success in the business has been achieved through his company, in which he founded and heads to date, DAMAC. The company’s particular taste in luxury has paid off, earning one Hussain Sajwani, the 527th position on Forbes list of world’s wealthy individuals, with a net worth totaling to $3.4 Billion.
Hussain’s story begins back in 1980 where he first plunged into the business field. He started a food venture, and through it, he had the workers at the oilfields in Abu Dhabi as well as the US military in his client list. Sajwani’s passion for building his wealth informed his next big move. 2002 marked a tremendous boom in real estate in the UAE. Sajwani wanted a slice of the cake, and by forming his company DAMAC, he had officially joined the trade. The company’s growth was marked by successful ventures in Somalia, Bosnia, the Gulf, the UAE as well as the United States of America. Some of the notable projects include a luxury hotel in Washington DC, United States, The Trump International Golf Club in Dubai as well as various lavish apartments in the UAE.
In its agenda, DAMAC is eyeing the Turkey and the London market. Of note, is the plans in London that would see DAMAC be listed on the London Stock Exchange. According to the company’s CEO, Sajwani, DAMAC intends to generate extra revenue from the IPO on the market as additional capital as it embarks on its growth agenda. With its rising fortunes, it will be interesting to see the company’s debut and performance in the London market.
Among his various fruitful projects, The Trump International Golf Club stands out. The club was as a result of a partnership with Donald J. Trump, the 45th president of the United States through his company, The Trump Organization. The club, since its completion, has generated a gross revenue of nearly $2 Billion with the number still increasing by the day. This according to Sajwani, is the beginning of the two companies’ partnership as they seek to grow their real estate investments. Such joint ventures have proven to be behind the growth of companies, DAMAC being one of them. To add to its list of international partners, luxury brands, Versace and Fendi have been part of the lavish touch in DAMAC’s projects.
Truly, Hussain Sajwani has reshaped the real estate business.