Hussain Sajwani is the founder and Executive Chairman of DAMAC Properties, one of the biggest high-end players in the luxury real estate property development market in Saudi Arabia. He recently caught the spotlight when the newly elected US President Donald Trump personally thanked him at a New Year’s gala in Florida.
Hussain Sajwani enjoys a business relationship with Donald Trump, who is also an accomplished businessman. Together, they are undertaking the development of two premier mixed-use golf resorts in the UAE.
Hussain Sajwani established DAMAC Properties in 1982 as a privately held company, owned by the Hussain Sajwani family. The firm provided strategic catering services to construction companies and the US military during operations in the Middle East and Easter Europe. Learn more about Hussain Sajwani Family: https://twitter.com/hussainsajwani
The company grew quickly and expanded into other sectors such as construction, oil and gas. To date, the catering arm of the group is still going from strength to strength.
Hussain ventured into the property markets in the nineties building hotels for business visitors. The Saudi government relaxed its property ownership rules allowing foreigners to invest in the property market in 2001.
DAMAC Properties was restructured in 2002 to capitalize on the new opportunities by including the real estate sector. Its first venture, a thirty-eight story residential building in Dubai, was sold out even before construction began. Learn more about Hussain Sajwani Family: https://www.damacproperties.com/en/media-centre/press-releases/damac-properties-inaugurates-trump-international-golf-club-dubai
DAMAC is involved in the development and management of commercial, residential and luxury properties. The company is experiencing tremendous growth.
Their latest marketing strategy is to partner with eclectic lifestyle and fashion brands such as Versace, Bugatti, and Fendi in order to provide pioneering living concepts in their developments. Recently, the company launched its bespoke hospitality services arm, DAMAC Maison in 2011.
Through DAMAC, Hussain Sajwani is redefining the Dubai skyline with contemporary developments. Its goal is to become the go-to luxury developer providing superior living concepts to global customers. As of 2016, the company had delivered close to eighteen thousand units with forty-four thousand units in progress. A further thirteen thousand units are planned in expansions into the hospitality industry consisting of hotel suites, serviced apartments, and villas.
Going by the latest estimate from Forbes, Hussain Sajwani is said to be worth more than $3.5 billion. The DAMAC owner is the third richest man in the UAE. He is a graduate of the University of Washington. He then briefly worked for the Abu Dhabi National Oil Company before launching DAMAC in 1982. Learn more about Hussain Sajwani Family: http://blog.raynatours.com/top-10-richest-men-uae/
Hussain Sajwani is a dynamic and shrewd businessman. Besides DAMAC, he has interests in the capital markets, media, manufacturing, and supply of building materials.