DAMAC Owner Hussain Sajwani is Dubai’s Real Estate Mogul

Hussain Sajwani is the founder and the CEO of the most prominent real estate firm Damac. He is among the few individuals who have orchestrated the development of real estate business in the world. Even after the 2008 financial market crash, Hussain Sajwani was able to bring his real estate business to boom.

Damac’s Hussain Sajwani gained his business practices from their family business in Dubai. He spent most of his childhood at his father’s small shop. In an interview, Hussain Sajwani stated that his wealth and activities had been attributed to this little experience.

According to Forbes, Hussain Sajwani is the tenth most precious person in the world with a net worth of $3.7 billion. In 2017, Damac properties limited was ranked as the fourth largest public company in the world. This has been attributed to the hard work and consistency of Hussain Sajwani. This has made him acquire significant development projects. For instance, Damac is currently developing Akoya Oxygen which is a $6.5 billion community project, and Damac Hills will house 10,000 units.

His success came after the 2008 financial market crash. As the most prominent private developer in Dubai, he was stricken by the market crash. However, Hussain Sajwani rarely talks about those difficult times. Today, he is happy to have completed the famous Trump International Golf Club. The project resulted in $2 billion in sales.

DAMAC owner Hussain Sajwani has a close relationship with the US president Donald Trump. The two are real estate moguls who have worked on a couple of projects. The latest project that they worked together was the Trump International Golf Club. The project is famous due to its terrace nature, and the luxury apartments. The project resulted in the total success which resulted in profitable sales.

Sajwani began his vision of developing Dubai after he attended the University of Washington. He started to compare buildings between Dubai and the United States. After embarking to Dubai, he secured a job at an individual firm. He started hospitality business, and he builds one of the three five stars hotels in Dubai. He ventured into real estate after the United Arab Emirates allowed foreigners to own property.