The Exceptional Success of DAMAC Properties through DAMAC Owner Hussain Sajwani’s Entrepreneur Skills

September 13, 2018 | By tallbirdy | 0 Comments

Hussain Sajwani is a successful investor in the real estate industry and the founder of DAMAC Properties. DAMAC Properties is a leading global property development company and is headquartered in United Arabs Emirates (UAE). Hussain Sajwani graduated from the University of Washington before he began working in an oil company, GASCO as a manager. He later ventured into the hotel industry by establishing a catering company, which became successful within a short period. The catering business could manage over 200 projects and serve more than 150 meals in a day. Hussain Sajwani’s target markets were Africa, CIS, and the Middle East. The catering division provided their services to educational institutions, construction sites, five-star hotels and army camps among other locations.

DAMAC Owner Hussain Sajwani later realized his interest in real estate sector and decided to venture into the business. He saw the rapidly increasing population in Dubai by mid-1990s, and this was a good opportunity for property expansion in the area. Hussain Sajwani, therefore, founded DAMAC Properties in the year 2002 where he serves as the chairman and has led the company into becoming the largest property development company in UAE. The property development mogul has mastered his skills in the industry and has become the best when it comes to legal, marketing, sales and administrative matters in the company. DAMAC Properties has proven to be successful based on the various prestigious projects they have completed in cities such as Doha, Dubai, Riyadh, Amman, Jeddah, Abu Dhabi, Beirut, and London.

DAMAC Properties’ shares are publicly traded on the Dubai Financial Market, which means it has reached greater heights. The company has more than 2,000 employees, has developed more than 21,000 homes and more than 44,000 units in their development portfolio are in progress. Hussain Sajwani believes in a strategic partnership in business and thus has led DAMAC Properties into joining forces with elite fashion and lifestyle brands to improve their outlook in the market. Some of the projects carried out together with these partners include a golf course designed by Tiger Woods but managed by Trump organization and some luxurious apartments designed by Italian fashion-houses Versace Home and Fendi Casa. Others include the development of several villas with the interiors designed by Just Cavalli and Bugatti. The exceptional growth and success of DAMAC properties is all because Hussain Sajwani did not give up on his vision nor did he waste his incredible entrepreneurial skills.

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