Hussain Sajwani is the founder and CEO of the DAMAC Group. The company started as a specialist catering and expanded into real estate. It has its headquarters in Dubai, and also owns a couple of offices in places such as; North Africa, Middle East, Subcontinent, CIS States, and the Far East.
Since its launching in 2002, DAMAC Group has developed over 15,500 apartments and is currently planning to build 40,000 more. Today, DAMAC boasts of being behind the sale and construction of many properties in the United Arab Emirates and London. As a result, DAMAC Properties, today, is among the biggest real estate firms
The company has a listing in the London Stoke Exchange and is valued at $4 billion. Sajwani owns 72 percent of DAMAC properties and has a net worth of $ 3.2 billion. Sajwani is an accomplished business person with investments in real estates like the Akoya community. This particular property is located 15 minutes away from Dubai. The enormous project is expected to feature mansions, lavish villas, retail centers, and apartments with a golf course bearing Trump’s name.
Hussain Sajwani is a great marketer and started by luring real estate buyers with free luxury cars for purchase. Hussain Sajwani was not born in a wealthy family. He grew up in an ordinary middle-class family. His father was selling watches while his mother was hawking shirts, Parker pens, and goods imported from China. Mostly, his mother operated her business door to door in the neighborhood.
In 1978, Sajwani received a government scholarship to the University of Washington where he studied economics and engineering. Upon graduation, he worked for GASCO as a contract manager. Over and over again, Hussain has made many risky investment decisions, which have all paid handsomely.
Hussain Sajwani does not hold any political position or have any political issues. The CEO is married and has four children. Just like any other parent, he wants his children to get good education and morals. Sajwani is a board member of Majan University College located in New York. Also, he serves in the board of the US & Emirates Takaful company based in Abu Dhabi. Besides, he has been a close business associate of Donald Trump and promoted his brand in UAE.