We all know that the real estate business can be quite challenging at some point. Therefore, for those who aspire to be part of this industry, precaution must be exercised especially when it comes to dealing with the different market shifts in the industry. As such, every real estate entrepreneur should have a role model or a mentor who has been there before. For those who reside in Dubai or the Middle East, Hussain Sajwani is a relatively familiar name. Therefore, this is one prominent role model that you should consider reading much from. Before we discuss his impact in the real estate sector, let us focus on his early life for us to comprehend the value of having a proper upbringing even for an entrepreneur.
Mr. Hussain Sajwani was born to very loving parents who spent most of their lives in the Middle East. On the other hand, they were extremely hard working. In fact, his father, Ali Sajwani was a dedicated entrepreneur who owned a retail shop. In this shop, he stocked significant personal use items for men. Other than that, he spent most of his time nurturing Hussain Sajwani on how to become a successful business professional. Moreover, he dedicated most of his time training him how to handle clients. In a short span of time, Hussain Sajwani had garnered vast entrepreneurial skills. While that was a good sign, what his father did not know was that his son would opt for personal interests in life irrespective of the chance to inherit the family business.
When it was time to join a school, Sajwani the DAMAC owner went to the school of medicine in Baghdad. While there, he majored in medicine for some time. However, he changed his mind and decided to leave his native land to pursue a course in engineering and later economics from the Washington University. Moreover, since he was brilliant in class, he earned a full academic scholarship. A few years into his coursework, he graduated and joined the career fraternity by landing an employment opportunity at GASCO Oil and Gas Company.
It was at that point that Hussain Sajwani decided to establish an entrepreneurial career. The DAMAC owner was prudent to conduct extensive research before founding a food catering company that would later serve more than 1,500 clients every day. A few years later, he established DAMAC Properties. Since its inception, this company has served more than 10, 000 clients, by providing relevant services in commercial and residential business sectors. More than that, Hussain Sajwani the DAMAC owner has established viable entrepreneurial relationships with the likes of President Trump, the prominent golfer Tiger Woods and other like-minded individuals who are also billionaires.
The 2008 Market Crash
Over the years, Hussain Sajwani the DAMAC owner has invested time and resources in the development of his real estate company. However, like any other business, there have been challenges with the 2008 market crash being the most memorable. Alongside that market crash was a registration of severe losses by the investors who trusted him to improve their lives. Moreover, he lost most of their capital resources into the crash. At that moment, he remembered his father’s words when their family business was crashing because of the tax policies that hurt the retail shop’s progress. In his father’s perspective, business is a series of a rollercoaster, and there will be bad days. However, for an entrepreneur, it is critical to remain positive and keep taking baby steps until you are off the mud.
Sajwani Bounces Back
Heeding to his father’s entrepreneurial lessons, Hussain Sajwani the DAMAC owner bounced back after a series of exploration and extensive research on the Dubai real estate market crash. Currently, he has maintained a secure network of entrepreneurial ties with very influential business professionals who have contributed to the growth of DAMAC Properties.