Hussain Sajwani is one of the wealthiest individuals in the United Arab Emirates. In fact, Forbes listed him as number three in the entire UAE and 527 among the billionaires of the world. Other than that, Sajwani has created a solid reputation in the real estate market due to the impressive track record of his company, DAMAC Properties.
Hussain Sajwani, the University of Washington alumnus, began his career at GASCO working as a contracts manager. After working for the Abu Dhabi National Oil Company’s subsidiary for some time, Sajwani proceeded to establish his business. This led to the creation of a catering company in 1982.
Aside from his catering venture, Hussain Sajwani holds a reputation for being among the pioneers behind the expansion of Dubai’s property market. As a matter of fact, Sajwani is acknowledged for building several hotels in the mid-90’s to accommodate the increasing influx of individuals who were visiting the Emirates for trade and business purposes. In 2002, he created DAMAC Properties after identifying the existing market opportunity. Since then, DAMAC Properties has grown into a leading property development entity in the Middle East.
Relationship with Donald Trump
Hussain Sajwani maintains close business ties with the current President of the US, Donald Trump. In fact, Sajwani’s DAMAC Properties is acknowledged for the creation of the Trump International Course Dubai. The partnership began long before Donald Trump assumed office as the President of the United States. Additionally, Trump World Golf Course, designed by Tiger Woods, is set to open at a different DAMAC development at the close of 2018.
DAMAC Properties and its Functions
DAMAC Properties is a top real estate developer in the United Arab Emirates. The company is involved in the creation of leisure, commercial and residential properties in the Middle East. Aside from having an employee base of about 2000 workers, DAMAC Properties is a public company whose shares trade on the Dubai Financial Market.
Aside from business, Sajwani and DAMAC Properties engage in philanthropic endeavors. Sajwani handed over AED two million to clothe about one million deprived children around the globe. His Highness Sheikh Mohammed bin Rashid Al Maktoumis acknowledged for launching the initiative.