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.