Posted in Business Advice, Business Finance

Hussain Sajwani, DAMAC Owner: The Dubai Real Estate Businessman

Even before he launched DAMAC Properties, Hussain Sajwani established his credentials as a successful businessman. He graduated from Washington University with a double major in Industrial Engineering and Economics before taking a finance position with Abu Dhabi Gas. After two years in the oil industry, Hussain Sajwani started a catering business serving construction sites, hotels, even the army. And then, in 2002, Hussain started DAMAC Properties.

DAMAC Properties specializes in several different types of property development: leisure, commercial, and private residence. The DAMAC owner has developed properties in Saudi Arabia, Qatar, Jordan, Lebanon, and North Africa. The total number of apartments and other units totals over 50,000. Some of the larger and more famous projects include a Tiger Woods golf course that is operated by the Trump Organization, luxury cottages with Fendi Interiors, and apartment with Versace interiors. As of May 2017, DAMAC has reached a value of 4.7 billion dollars, and the company currently employs over 2,000 people. With such a revenue stream and dedicated work force, DAMAC Properties has to be considered a top property company world wide.

And then in 2011, Hussain Sajwani decided to open a new branch of services, The DAMAC owner mixed his experience in catering with his property development by offering hospitality services to 13,000 tenants. Since December 2016, DAMAC Properties has operated 7 hospitality developments. This new investment has allowed Hussain Sajwani to be named one of the top 100 influential Arabs worldwide.

In 2013, DAMAC Properties became the first Middle Eastern Property company to be listed on the London Stock exchange. This feat is made even more impressive as the company didn’t make it on to the Dubai Financial Market until 2015. In 2017, the DAMAC owner was named Property CEO of the Year and ranked #15 on the Hotelier Power 50.