DAMAC Owner Hussain Sajwani: How a Billionaire Helped Develop Dubai

Standard

In 2002, the United Arab Emirates ordered the country’s business sector to help with their plans of transforming the city of Dubai to become the Middle East’s commercial and tourism hub. After a decade, their dreams turned into reality, and Dubai is now considered as one of the richest cities in the region, visited by millions of tourists every year because of the countless activities that the country offers to their guests. Apart from the transformation of Dubai into a premier investment location, local property developers are also credited for changing the city into what it is today. Hussain Sajwani, an Emirati billionaire, assisted the government by building skyscrapers in the city through his real estate and property development firm called DAMAC Properties.

DAMAC Properties was founded in 2002, and it was Hussain Sajwani’s answer to the government’s plea of helping them transform the city of Dubai. DAMAC Properties built skyscrapers all over the city, offering residential and commercial options to those who wanted to invest in the project. According to Ebizine, The company was well-received, even by the neighboring countries. After the success of transforming the city, Hussain Sajwani was sent many invitations from foreign real estate developers, asking his company to be their official contractor for construction projects. DAMAC Properties started to construct buildings in some of the major cities all over the Middle East, and they even reached Europe after a project based in London was given to the company.

DAMAC Owner Hussain Sajwani has become the country’s most successful real estate developer, but he stated that he would never stop. He will continue to expand his business empire, dealing with several business people around the world to invest in various ventures that would multiply his wealth. Recently, the wealthy Emirati businessman opened his new resort in Dubai, and it was attended by the family of United States President Donald Trump since he was one of the investors of the said property. Hussain Sajwani keeps a strong bond with the Trump family, and he stated that more collaborative projects between DAMAC Properties and Trump’s companies would be constructed in the sprawling tourist city. Other than focusing on his business, Hussain also make sure to give back by supporting the needy children.

Visit this website: www.saudiprojects.net

Hussain Sajwani Thrives in the Real Estate Development Industry as the DAMAC Owner

Standard

Hussain Sajwani is the face behind the reputable global property development company, DAMAC Properties. He serves as the Founder and Chairman of the company. Sajwani is an Industrial Engineering and Economics graduate from the University of Washington. He and his wife have four children. Sajwani lives in Dubai, in the United Arab Emirates.

DAMAC Properties emerged as the leader on the Global 2000 list of Forbes 2017. The list looks into the fastest developing companies globally. Consequently, the 2018 Forbes rankings presented Hussain Sajwani as number four among the richest Arabs. He has a net worth of 4.1 billion dollars.

The DAMAC owner traces his career at the Abu Dhabi Gas industries where he worked at the finance department in 1981. He later ventured into the catering industries, with his business primarily serving the U.S military and Bechtel. Over the years, the venture has seen extensive growth, taking the lead in the market. It has over200 projects under its management.

Being one of the main people to start property market expansion in Dubai, Hussain Sajwani was able to identify a gap in the market. As a result, DAMAC Properties was established in 2002. Today, the company takes pride as one of the largest real estate development firms in the Middle East, serving a global market. The company has successfully managed many projects across many cities from Dubai to London. Some of these projects include the Tiger Woods’ design golf course, under Trump’s Organization management. Additionally, there is Paramount Hotels and Resorts with the Paramount Pictures themes as well as Bugatti style luxury villas among others. Moreover, the company was publicly listed in 2015 with shares traded on the Dubai Financial Market.

The idea behind the establishment of DAMAC Properties lies in Sajwani’s entrepreneurial background since his childhood. He also sold time-share apartments while at University which enhanced his passion and skills in the real estate industry. His job at the Gas industries and the food business served as a strong base for his property development company. As such, Sajwani’s entrepreneurial skills and ability to transform ideas to life are the driving force towards the company’s great milestones and sustainability.

The DAMAC owner is also an investor. He has a successful record in the global equity and capital records.

Twitter: https://twitter.com/hussainsajwani?lang=ar

Jim Toner the Guru in Real-Estate Investment

Standard

Jim Toner is a household name when it comes to real-estate investment in the United States. Through a direct approach to the management of the real-estate, Jim Toner has enabled helped investors to make a significant profit margin. His experience in the real-estate business has enabled Jim to publish several books offering an in-depth analysis of the how to navigate the murky waters of investment. Jim Toner is a man with many huts and one of them being a radio show host who main uses his platform to educate the investors on real-estate business. For several decades he has spent his time as a real-estate consultant helping the investors to earn good profits from the smart and effective investment in the sector. His several books have become a trademark for investors and other individuals who have developed an interest in knowing how the mawrket works.

Over the past 25 years, Jim Toner has helped thousands of investors to reap profits from the real-estate investment. This has been achieved through holding seminars, conferences and workshops on how to navigate in the terrain of this sector. One main objective of writing the book by Jim Toner is to educate the people on how to invest in real estate since he wants them to take opportunities found in this market. One of the main challenges of investing in this market of real-estate is information asymmetry making it difficult to know where to put money. Majority of the prospective investors have money and are willing to invest in real estate, but lack of information is the greatest hindrance.

According to Jim Toner, investing in the real-estate requires an investor to have the adequate information since failure to comprehend different aspects may lead to experiencing massive losses. Jim Toner himself despite being a professional consultant in the experienced real-estate loss when he invested without conducting a proper analysis. The unfortunate incident of 2010 led to Jim Toner quit investing in the real-estate due to the loss he incurred. However, after the loss of the investment, he learned valuable lessons on how to avoid experiencing the same fate again. One of the lessons that a prospective investor should learn from the misfortunes of Jim (@thejimtoner) is not to trust investment guru.

Contact: Jim Toner | Facebook

Reference: https://www.thriftbooks.com/a/jim-toner/478220/