Posted in Business Finance, Business Leader

Hussain Swajani’s Damac Properties

Hussain Sajwani is the CEO and founder of the real estate developer Damac properties, which was founded in 2002. He is a multi-billionaire worth 4.2 billion US dollars. He is a United Arab Emirates citizen, and he lives in Dubai. He is married and has four children. He got his Bachelor’s degree in industrial engineering and economics from the University of Washington by getting a scholarship. He was involved in the food service business that catered to the United States military and construction of the giant Bechtel until 2001 when Dubai allowed foreigners to own property. He now focused on real estate and sold units in a residential building. In 2002, he established and is the Damac owner, one of the largest property development companies in the Middle East.

 

Damac group has its headquarters in Dubai. Their main products are properties. They have at least 2000 employees as of 2017. They deal with all kinds of properties from residential, commercial and mixed-use projects. The Damac hills have the Beverly Hills style living. Their services are in not only in Dubai but also Qatar, Jordan, Abu Dhabi, Lebanon, the kingdom of Saudi Arabia and the United Kingdom. Damac Hotels and Resorts operate hotels, hotel apartment, complexes, and serviced villas. Damac is known for its extravagant marketing strategies. They have worked with Bugatti and Versace in co-branding deals.

 

In 2013, Hussain teamed up with Trump to develop the two-branded golf resort in Dubai hills. The two have been in business together for a long time, but President Trump turned down one of Hussain’s great business proposals because as head of state he is not allowed to conduct any private businesses. The company has supported philanthropists like His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, His Highness Sheikh Mohammed bin Rashid Al Maktoum and the general manager of UAE Red Crescent Dubai branch, Mohamed Abdullah Al Haj Al Zarouni.

For more information: https://www.damacproperties.com/en/investor-relations/corporate-governance/meet-our-board