Hussain Sajwani is the founder and chairman of one of the leading real estate development firm based in Dubai, Damac Properties. The company has made tremendous contributions in the field of infrastructure development in the United Arab Emirates and is the name behind some of the most luxurious and ultra modern commercial and residential complexes constructed in the country.
Damac Properties has also constructed some of the landmark buildings in other nations in the Middle East, such as in Jeddah, Oman, Saudi Arabia, Beirut, Jordan, Qatar, and Abu Dhabi. Damac Properties designs its properties with the help of international designers such as Fendi and Versace, which supports the construction and design of the building to be unique, attractive, and different.
Hussain Sajwani started his entrepreneurial journey by starting Al Jazeera Services, which is a catering and support services firm. However, soon after opening Al Jazeera Services, he realized that the housing market of Middle East has a tremendous scope for growth.
It is for this reason; he shifted his base back to the Dubai and purchased an empty plot in the suburbs of the city of Dubai. It is where he designed 35 stories luxurious residential building, which he managed to sell off in just a few months.
It helped him gain substantial capital to start Damac Properties in full swing and take on many other projects successfully. With time, Damac Properties continued to grow under the leadership of Hussain Sajwani, and today it is top most real estate firm in the country, and he is the third richest person in the United Arab Emirates.
The estimated net worth of Hussain Sajwani is close to $3.7 Billion. Not only is he interested in the real estate development, but also the local and international equity markets, where he has invested substantially.
Damac owner Hussain Sajwani is also known to share close ties with Donald Trump, present United States President. Hussain Sajwani’s real estate firm is presently developing Golf course integrated residential complexes in Dubai in collaboration with the Trump Organization. Moreover, Hussain Sajwani Family has known Trump and his family for long as well because of the business partnership for many years.