Posted in Business, Business Finance

Hussain Sajwani’s Success With DAMAC Properties

Hussain Sajwani (حسين سجواني) was inspired to became an entrepreneur at a young age. His father had a shop to sell watches, pens, among other imported Chinese goods. He soon became one of the first students to receive a government scholarship to study in the United States, which have gave him the opportunity to earn a degree in Industrial Engineering and Economics from the University of Washington. Hussain Sajwani’s first step into the business world came in 1981 when he worked for the Abu Dhabi Gas Industries. He left the industry for several years to run a catering business, but by 2002 he was back and more determined than ever.

 

The website News Version recently published an article about Hussain Sajwani and his business named DAMAC Properties. He founded the business in 2002 in order to take advantage of the opening in the real estate market across the middle east. The company is based in Dubai, UAE and has grown to employee over 2,000 people. The net worth of the company stands at $4.7 billion as of last year. The primary focus of DAMAC Properties is to create luxury tier and multi-purpose buildings. The company has completed 20,230 homes, and worked on 44,000 units in some capacity to date.

 

As DAMAC Properties has grown over the years, Hussain Sajwani has forged several partnerships over the years. A few notable projects include the Trump Organization overseeing development of golf courses. While foreign brands such as Fendi and Versace provide interior designs for the buildings. While inn DAMAC Properties branded buildings, they established a hospitality division. Hussain Sajwani wants everyone to have a personable and unique experience while at his properties.

 

Hussain Sajwani is a businessman with big dreams. Outside of his own personal business, he has investments in trading and sits on the board for various companies. DAMAC Properties has a strong presence in the middle east and only continues to grow. They are known for creating some of the most recognizable buildings in the region. Hussain Sajwani’s business venture shows no signs of slowing down.