Damac Properties is the unmatched king of the luxury real estate industry in the Middle East. For the last decade, Damac has completed prominent and imposing properties, for commercial, residential and luxury projects in the United Kingdom, Qatar, Saudi Arabia, Lebanon, UAE, Lebanon, and Jordan. According to Damac owner, Hussain Sajwani, they are looking to capitalize on the booming economy of Asia as it brings forth a host of viable business opportunities. Mr. Sajwani says that his company has been long involved in the Chinese industry for a couple of years now, and he is looking to increase his portfolio in the market. The Damac owner cites the growth in value of the Chinese middle class, which creates a massive housing market. This is coupled with the strengthening mutual relationship that UAE and China have established.
Hussain Sajwani, who is a billionaire in his own right, is the tenth richest Arab in the world. He attributes his success to Damac Properties, which has been the cash cow to his wealth. Damac has not only made him wealthy but has also created employment for thousands of people from all walks of life. The Damac owner takes pride in the fact that his company has provided a platform for ambitious and creative professionals from all continents of the world to chase and live their dreams.
Furthermore, creativity and innovation is encouraged and well rewarded at Damac. Digging deep for ingenious ideas is not alien to Sajwani, as he has had to be innovative in the journey of building his company. Some decades ago, when the UAE gave birth to the idea of opening up the Middle East economy to the east and west, along came many business ventures. Top and most rewarding was real estate, and Sajwani went all in, switching from his catering ventures. He established Damac Properties and had his share of the real estate cake.
More about Hussain Sajwani
He is a holder of a bachelor’s degree in Industrial Engineering and Economics that he attained at the University of Washington, after earning a government scholarship. The billionaire is a dedicated husband and a proud father to four children.