Hussain Sajwani remains a world-renowned businessman and real estate titan who owns a leading firm in the industry, DAMAC Properties. He is popular for being a business partner and a personal friend to Donald Trump who recognized him in his New Year speech. The speech evidenced that the United States President holds the Hussain Sajwani family in high regard by recognizing them as the most amazing people. Another trait that makes the DAMAC owner soar high is his generosity towards the communities. He took a front seat in supporting the Ramadhan Initiative that focused on donating clothes to children from low-income families across the globe.
Early Career Life
Hussain Sajwani started working immediately after completing his studies at the University of Washington. His first position was that of a Contracts Manager at GASCO. He held the post till 1982 when he left the firm. His business skills came to play at this juncture when he started his first business in the food industry. He grew the business to gain trust from top clients, such as the US military serving in Bosnia and Somalia. Other clients included Bechtel, a top company in the United States Construction sector. He was doing well in the business making millions in revenue. He was, however, not satisfied with the figures as he viewed real estate as a better avenue to increase his earnings. With this thought, he moved his focus to the new interest but retained his catering business.
His Rise in Real estate
At the time of his move to real estate, Hussain Sajwani had based his breakthrough in the industry to the foreigners who frequented the Emirates for trade purposes. He started off by constructing hotels that provided the much-needed accommodation to these visitors. Several years into the business, the Dubai government signed a decree that gave consent to foreigners to own property. Hussain Sajwani rode on this opportunity to start DAMAC properties in the year 2002. DAMAC Properties kicked off in the sector on a high note by constructing a 38-story building that sold off in a short time. More projects came, which saw the company move to the top of the industry. Currently, DAMAC Properties is a world leader in delivering top-notch luxury apartments. DAMAC Properties is also involved in the construction of golf courses.
Follow Hussain Sajwani on Instagram.