Hussain Sajwani: A Titan in the Real Estate World is Looking to Make the World A Better Place

Hussain Sajwani, Chairman, CEO and Founder of the DAMAC Group, was born in 1953 in the UAE. DAMAC Group is a UAE-based company associated with the development of luxury towers, glitzy property development, golf course projects with Donald Trump and eye-catching marketing stunts. His career dates back to when he operated a food and catering business in the 1980s.

The food business made him millions supplying catering services to workers in Abu Dhabi. His urge to grow was too big for his business. Despite receiving US army contracts, the business only made him millions. He felt it was too small for him. He ventured into the real estate market in 2002. He already had a few hotels in Deira. Hussain Sajwani founded DAMAC Properties in 2002 and it grew rapidly building top-of-the range developments. It capitalized on marketing to push its properties forward.

Hussain Sajwani had foreseen the 2008 crash and prepared adequately for it by cutting costs and preserving cash. He has gone through ups and downs with DAMAC Properties but all in all, he has been successful in making it a global property development company. Mr. Sajwani went to the University of Washington. After university, he worked at GASCO as a Contracts manager. In 1980s, he built a chain of hotels to accommodate the ever-growing number of people who came to do business and trade in Emirate.

DAMAC Group grew to become one of the largest property development companies in the Middle East. Mr. Sajwani brings a vast property development know-how and expertise that propelled the company to high heights of success. The company now has prestigious properties in global cities such as Abu Dhabi, Dubai, Doha, Beirut, Amman, Riyadh and London.

The real estate titan looks to strengthen his business relationship with the Trump Organization, Donald Trump’s real estate firm. Donald Trump and Hussain Sajwani collaborated on the Trump International Golf Club. According to Mr. Sajwani, his ties goes beyond Donald Trump to Eric, Donald Jr. and Ivanka. The two families have been in touch to maintain and grow their business relation.

Hussain Sajwani and his company have involved themselves with philanthropic activities. Recently, the real estate titan donated AED 2 million to a campaign that aims to provide clothing to deprived children across the world. This was in an effort to support Dubai government’s efforts to raise the standard of living of people across the world.

See this interview featuring Sajwani: https://lookup.ae/news/9700/interview-with-hussain-sajwani-the-man-behind-damac

Todd Lubar: The Trends in the Real Estate Sector

Todd Lubar is an American businessman and entrepreneur who is also known as the founder and the current president of TDL Ventures. He had worked with a lot of industries in the past, but he chose to focus and concentrate on the real estate industry because of the many opportunities that he could experience in the sector. He once worked with the mortgage banking industry and gained recognition for his will to help the public realize their dreams of building a beautiful home. Today, he chooses to focus on the business aspect of TDL Ventures, and he stated that he would continue to change the lives of those who are relying on people like him, who works in the real estate industry. Todd Lubar is currently based in Maryland, and he recently released his insights about the current trends that can be observed in the real estate sector.

 

He took the city of Baltimore as an example and told the public about how the city is growing faster than before. The city of Baltimore is home to more than 600,000 people, and it is considered as the 30th most populous city in the United States. It is also one of the most important cities in the state of Maryland, being a commercial center. The demographics of Baltimore changes over time, and by studying the previous records about the city, Todd Lubar managed to see some visible trends that are happening presently in the city. He was able to identify several factors that affect how the city grows, and he decided to enumerate the pointers that he noticed after studying the city’s statistics.

 

The first thing that he noticed was that the number of young professionals living in the city is starting to increase, while the number of older professionals is beginning to decrease. By studying the flow of the population, Todd Lubar theorized that the city of Baltimore would be home to a younger demographic in years to come, and he had to cater to their needs for his company to survive. One of the things that the youth wanted is to have their dwelling space. The younger generation does not care about how big the house is, as long as their basic needs are met. To address this request, Todd Lubar stated that real estate companies should consider making more apartments out of existing structures because it would please the younger population more compared to the standard housing units. Old warehouses are just some of the structures that could serve as a residential space for the younger demographic, and they would still buy it because of how it was made and how cool it is to them. Other factors that are shaping the trends in the industry, as per Todd Lubar, is the city’s transport system, cost of living, and ease to do business.