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