Few names world over have become as synonymous with real estate as Hussain Sajwani’s has in the last two decades. The company he founded, DAMAC Properties, forever revolutionized the residential housing industry in the United Arab Emirates. By providing lavish housing largely targeted at foreigners, DAMAC was not only able to open up a new segment in the UAE housing market, but also spark off the property boom that Dubai is so famous for today.
However, DAMAC’s success stems from more than just catering to luxury. The company’s current high standing in real estate circles derives largely from Hussain Sajwani’s entrepreneurial nous and ability to form strategic relationships.
Hussain Sajwani’s entrepreneurial journey began in the food industry close to four decades ago. Running this business was not an easy task. The food industry was quite competitive and marked by low margins. However, taking note of America’s strong military presence in the Middle East at the time, Mr. Sajwani ingeniously kept the business going by acquiring U.S. Army catering contracts. His food catering business is now part of DAMAC Group and thrives to this day.
Hussain Sajwani’s greatest entrepreneurial leap, however, came in 2002. Following the UAE government’s decision to lift restrictions on foreign property ownership, Hussain Sajwani saw a business opportunity and quickly acted. Thus, DAMAC property was born. Headquartered in Dubai and with Mr. Sajwani at its helm, DAMAC Properties offers top of the range residential housing options. Owing to consistent growth in the last decade and a half, DAMAC has either developed or is in the process of developing more than 60 thousand residential units and employs
2 thousand employees.
Staying consistent with his methods, the DAMAC owner has also relied on strong strategic relationships to get DAMAC where it is today. Among the most notable business relationships Mr. Sajwani has cultivated is that with President Donald Trump, the current leader of the free world. Having worked on a number projects together as developers, Mr. Sajwani has both President Trump’s respect and ear.
Despite his insuperable success and busy schedule also doubling as the head of the Hussain Sajwani family, Mr. Sajwani (@HussainSajwaniOfficial) has sought to remain true to his humble beginnings by engaging in philanthropic activities. Among the corporate social responsibility projects undertaken by DAMAC in recent years is that of providing about 1 million children living in poverty with clothing.
Follow him on Instagram: https://www.instagram.com/hussainsajwani/