Hussain Sajwani is the founder of one of the most well-established and successful real estate firms in the United Arab Emirates, Damac Properties. The company has developed thousands of real estate projects in the country and abroad, including in Oman, Qatar, Saudi Arabia, the United States, the United Kingdom, and parts of South Africa. Hussain Sajwani’s leadership has helped Damac Properties to become one of the top three real estate development firms in the country. As per Forbes, Hussain Sajwani is the third-richest person in the United Arab Emirates with the net worth of over $3.5 Billion. Apart from the real estate, Hussain Sajwani is also keenly interested in trading and investing in the local and global equity markets, and has a firm named DICO Investments to take care of his and Damac Properties’ investments.
Hussain Sajwani is a highly educated individual and has done graduation in Economics from the Washington University. He started his career by working for Gasco, one of the leading oil and gas companies in the world. However, the Damac owner soon realized that he is not cut out for working in a salaried job and started his first company in the food and catering business named Al Jazeera Services. The Al Jazeera Services grew exponentially under the leadership of Hussain Sajwani and even served clients like the U.S. Military and Bechtel. However, after realizing that the real estate landscape of the United Arab Emirates is fast developing and there is a tremendous potential for growth, he came back to Dubai.
After relocating to Dubai, he managed to sell his first residential project within just six weeks, and help strengthen the position of Damac Properties in the market. The marketing and sales strategy implemented by Hussain Sajwani ensured that the company continues to gain a dominant position in the market, and attract new buyers. Currently, Hussain Sajwani is developing two golf course based residential complexes in Dubai in collaboration with the Trump Organization. Hussain Sajwani has known Donald Trump for years, and Hussain Sajwani family is also close to the Trump’s family. One of the golf courses developed by Damac Group in Dubai is designed by Tiger Woods, the legendary golf player.
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