Hussain Sajwani is the man behind the phenomenal success of Damac Properties, which is one of the leading real estate development firms in the UAE, headquartered in Dubai. Even though Damac Properties started its operation in Dubai, it currently is handling projects worldwide in many key destinations and countries, including in Jeddah, London, North Africa, Qatar, Saudi Arabia, the UK, the US, Beirut, Abu Dhabi, Oman, and more.
Damac Properties started when Hussain Sajwani came back to Dubai and purchased a plot on the outskirts of Dubai for a luxurious residential project, which he sold off within six months even before a brick was laid on the plot. It didn’t only marked the beginning of Damac Properties but also showcased the business prowess of Hussain Sajwani, who presently enjoys the status of being the third richest person in the UAE with the net worth of over $3.7 Billion. Learn more about DAMAC owner: http://hussainsajwani.com/
Even though the majority of his wealth is generated through Damac Properties, he is equally interested in the regional and global financial and stock markets and has a huge equity portfolio managed by Damac Properties’ dedicated investment wing, DICO Investments LLC. Hussain Sajwani did his studies from the University of Washington, where he graduated with a degree in Economics and Industrial Engineering.
After completing his graduation, he landed a job in one of the leading oil firms, Gasco, as a contracts manager. However, business and entrepreneurial spirit always ran in Hussain Sajwani’s veins, and thus, he left job soon after to start his catering and supporting services company, named Al Jazeera Services.
In a very short period, the business expertise of Hussain Sajwani made Al Jazeera Services one of the top firms in the industry, and currently handles over 200 projects worldwide and serves more than 150,000 meals every day.
Hussain has been an ally of Donald Trump for long as they both have the same business, and share similar interest. When Donald Trump became the U.S. President, Hussain Sajwani offered a $2 Billion deal to Donald Trump, which the latter had to refuse due to compliance issues as a president of the country.
In two of the luxurious golf residential complexes being built by Damac Properties in Dubai, Donald Trump’s organization is a partner.