CEO Hussain Sajwani and the Establishment of DAMAC Luxury Properties

Hussain Sajwani is entrepreneur and a self-made billionaire who resides in Dubai, United Arab Emirate. Sajwani serves as the founder and executive chairman of DAMAC Properties, a luxury property development company based in Dubai. In 2002, Hussain Sajwani decided to venture into the real estate industry shortly after the government finally allowed expats to own property in Dubai. Taking this as an opportunity he couldn’t miss, he purchased a large plot of land in Dubai and started right away on developing his first residential project. The building was 38 stories tall and its units sold out six months before the construction even began. DAMAC Properties is one of the most in demand property developers in the Middle East. The company is reportedly worth $2 billion as of 2017.

 

Hussain Sajwani began his partnership and friendship with Donald Trump as early as 2013. DAMAC Properties had worked on two of Trump’s world-class golf courses, the Trump International Golf Club in Dubai and the Trump World Golf Course. The Trump World Golf Course is expected to open towards the end of 2018. The golf course’s design was created by pro golfer, Tiger Woods and will be located on DAMAC Properties’ Akoya Oxygen residential property that has 55 million square feet of gorgeous space. Last Year, Tiger Woods proudly toured the new property while he was in the area to compete in a tournament. DAMAC Properties have completed more than 19,000 residential and commercial projects across the U.A.E. as well as Lebanon, United Kingdom and Jordan.

 

DAMAC Hotels and Resorts is one of the latest subsidiaries of DAMAC Properties. The real estate developer has five hospitality projects currently under development, several had already opened last year. Hussain Sajwani was born in 1954 to a middle-class family in Dubai. His father was an entrepreneur and owned a shop that sold Parker pens, watches, clothing and assorted goods imported from China. The DAMAC owner was one of the few students to receive a government scholarship to attend school in the U.S. He graduated from the University of Washington with a B.S. degree in Economics and Industrial Engineering. Hussain Sajwani and his wife share four children, they currently live in Dubai.

 

To learn more, visit http://www.damac.com/terms-of-use/.

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