Hussain Sajwani is the founder and owner of Damac Properties, started in the year 2002, and today stands tall as one of the top real estate construction companies in the Middle East. Damac Properties has many different projects under development in various major cities and towns in the Middle East. The properties built by Damac Properties are crafted to perfection and are integrated with the world class luxury, which is why the people never worry before investing in Damac Properties’ offering.
The company doesn’t compromise on any aspect of real estate development, whether it is safety, luxury or amenities. DAMAC owner Hussain Sajwani was in the food service business before he entered the real estate market in the Middle East. It was because he saw that there was a lot of untapped potential in the real estate market in the region. It is why he shifted to Dubai from the United States and started his first venture by buying a small plot of land.
After the legal formalities had been completed and the design of the 38 story building on the plot was ready, he approached high net worth individuals and businessmen in Dubai and the Middle East, and within six months, the entire project was sold out. The fact that he was able to sell the whole project on paper, even before the construction commenced, showcases his ability as a businessman. One of the points that need mention is that at the time nobody knew Hussain Sajwani well, and he was new to the country as well. However, he wanted to reap the benefit of the government decree that allowed non-residents of the state to purchase land in the country.
Hussain Sajwani is considered a real estate tycoon in the Middle-East and rightly so. He is worth well over $3.4 Billion and has an international business partnership with Trump’s real estate firm, with whom Damac Properties has collaborated on several projects, including the famous Trump’s International Golf Course. The families of Donald Trump and Hussain Sajwani know each other well and are often seen dining together in restaurants or hanging out whenever they happen to be in the same cities.