For anyone doing research about the real estate in Dubai it is impossible to skip past, HussainSajwani, the DAMAC owner. This is simply because coming from a humble background he was able to reshape the Dubai real estate market and build an empire from it. He did this not only once but twice, before and after the 2008 crash.
In an interview, Hussain Sajwani explained that it was from working at his father’s shop that he became a skilled entrepreneur. During the 2008 property crash in Dubai, Hussain Sajwani explained that had to cut many things off and make very challenging decisions. He even states that was one of the hardest times throughout his career.
Through incorporating proper business strategies his company was able to pull throughout of the tragedy. The DAMAC owner said that his plans to expand its real estate business overseas, especially into Europe. He even hopes that in the end, the hard work he has put in the company is regarded as his legacy.
DAMAC owner, Chairman, and Founder, Hussain Sajwani is an Emirati billionaire who focuses on property development through his firm DAMAC Properties. Hussain Sajwani was born in 1952 in the United Arab Emirates. His father was a businessman who operated a shop dealing with a wide variety of products including items imported from China.
Hussain Sajwani attended the University of Washington in the United States of America. The DAMAC owner studied Industrial Engineering and Economics for which he earned a bachelors degree upon completion. He started his career at the Abu Dhabi Gas Industries in 1981. In 1983, Hussain Sajwani opened a firm that offers catering services to its clients. Currently, the firm is known as Global Logistics Services.
It was in 2002 that he started DAMAC Properties. It is currently ranked as one of the top property developers in the Middle East. The firm has put up numerous exquisite projects since its inception. One of the projects is a golf course designed by the world-famous golfer, Tiger Woods.
As a result of years of hard work and diligence, the DAMAC Owner has bagged numerous awards throughout his career. In 2017, for instance, Hussain Sajwani was awarded the Property Chief ExecutiveOfficer of the Year. This was by the Chief Executive Officer Middle East Awards.