Hussain Sajwani is one of the most popular businessmen and real estate tycoons in the Middle East, based in Dubai. He is the founder and Chairman of Damac Properties, which he started in 2002, and over the years, has established as one of the leading real estate development firms in the country.
Hussain Sajwani has the approximate net worth of close to $3.7 Billion and is the third richest person in the United Arab Emirates. Damac Properties, which started with real estate development primarily in Dubai, has expanded its operations in many different countries and cities across the world, including in Jeddah, Oman, Qatar, Saudi Arabia, London, Beirut, Abu Dhabi, Amman, Riyadh, and more.
Hussain Sajwani, before opening the real estate firm Damac Properties, was in the catering business. After graduating from the University of Washington in economics and industrial engineering, Hussain Sajwani went on to start Al Jazeera Services, a catering and support services firm.
The company has a vast clientele, and in the past even had major clients including U.S. Military and Bechtel. The company continues to operate till date, and is a market leader in its niche, serving over 150,000 meals every day and handling over 200 projects simultaneously. Learn more about Hussain Sajwani: http://blog.raynatours.com/top-10-richest-men-uae/
Damac Properties is considered to be one of the biggest real estate firms in the Middle East and has over 2,000 employees.
Hussain Sajwani has close ties with many local and international real estate developers, one of the most famous of which is Donald Trump, with whom he has friendly relations even before the latter became the United States President. Not only Donald Trump and Hussain Sajwani are friends, but their respective families also know each other well and are seen dining and spending time together on many occasions.
Damac Properties has so far constructed over 17,000 homes and sold out over 44,000 units since it started its operations in 2002. Hussain Sajwani is known as an influential businessman, and one of his primary interests is also in the stock market, where he is known to have an extensive investment portfolio in UAE’s as well as International equity markets.
The flagship investment company of Damac Properties is DICO Investments. Damac Properties is primarily focused on developing luxurious and sophisticated residential and commercial properties in collaboration with international designers such as Fendi, Versace, and others. Hussain Sajwani is also famous for his philanthropic efforts and recently donated AED 2 million to provide clean clothing to poor children in the Middle East.