The President of DAMAC, the most successful real estate company for luxury homes in Dubai, relishes his roots. Although the company today is often marked with glamor such as free Bentleys with every home purchase and its association with some of the most prestigious properties like the Trump golf course projects, the company owner is proud of the beginning of the company from different other industries.
He has had a journey of excellence even when he was in the food industry, as he was known for offering outstanding services. He was responsible for supplying the US army with food when in a desert operation in 1991. He worked with the American government all over the world in Bosnia, Somalia, and in the Gulf. The food company still features as part of DAMAC Group operations and is an important element of Sajwani’s journey. It reminds him of his expertise to form links and friendships in high places. This element has made him thrive in all aspects of the businesses that he has ventured into.
It is this ability to form international level powerful friends that Mr. Sajwani is using to take advantage of the recovering UAE property prices as he considers a public offering of its shares in London stock exchange, a possible IPO venue. He believes that all options are opened for their company, DAMAC, considering its size and structure. He says that his move will be dependent on what the banks will advise. He says that they are in the process of engaging a number of institutions but have not hired any specific company with regards to the IPO.
DAMAC Owner Hussain Sajwani decided that property was the way to go in 2002 when he steered his family not the business after a few market considerations and that is how DAMAC was born. He had been in charge for a number of hotels during the collapse of the Soviet Union and an influx of visitors was experienced. His company has been able to survive serious crashes because of proper handling of cash and preservation. His excellent skills in the real estate industry have afforded him powerful links in the industry the most notable one being with Donald Trump who raises his skills.
Sajwani is also passionate about charity as seen by his philanthropic endeavors. He has contributed to a number of causes the most recent one being in a campaign to clothe over one million needy children all over the world.
Helpful link: http://www.saudiprojects.net/