How DAMAC Owner Hussain Sajwani Founded And Led To the Growth of DAMAC Properties

Hussain Sajwani a United Arab Emirate national is the founder and the chairman of the global property development firm DAMAC properties. Mr. Sajwani is a graduate of the University of Washington. After school, he started a career as a contracts manager in GASCO which is a subsidiary of the Abu Dhabi National Oil Company. Working for some time, he then decided to start his own business wherein 1982 launched a catering investment.

It was Mr. Sajwani together with other individuals who initiated the Dubai property market expansion. In the 1990’s he constructed several hotels with the aim of accommodating the growing population going to emirate for business and trade. In the year 2002 after DAMAC Owner Hussain Sajwani had found an opportunity in the market that he established DAMAC properties which to date have grown to be among the most significant property development firms in the middle east. His experience in the field of property development, sales, marketing, finance, legal and administration has led to the success of the company. Currently, he has several high-end projects in major international cities including London, Amman, Dubai, Abu Dhabi, Beirut, Riyadh, and Jeddah.

DAMAC properties have employed more than two thousand people and are a publicly listed firm, and its shares are traded in the Dubai Financial Market. It has a good track record of dealing with lavish property development in the property market. Up to date, the company has made more than twenty-seven thousand homes with a development selection of more than 44,000 units that are in various stages of development and planning. Hussain Sajwani has proven to be an astute business person and investor with successful forays in international equity as well as the capital market. Mr. Sajwani currently holds venture portfolios of securities in various regional and international markets.

As one of the leading brands in the market, DAMAC properties has partnered with other renowned fashion and lifestyle brands with the aim of bringing a new and exciting concept in the market. Some of these projects include the Tiger Woods-designed golf course that will be managed by The Trump Organization, luxury villas styled by Bugatti and many more.

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