DAMAC Properties was founded in 2002 by Hussain Sajwani. The investment genius established the residential real estate company to take advantage of a decree that allowed foreigners to own property in Dubai. Among the targeted potential buyers were non-residents. By the time he was purchasing the land, this part of the city was still undeveloped. In less than six months, Hussain Sajwani was able to sell every unit in his 38-storey building. Through their real estate developments, the Sajwani family has significantly contributed to marketing Dubai as one of the best travel destinations in the world.
Hussain Sajwani began by working at Abu Dhabi Gas Industries’ finance department. He subsequently established a catering company known as Global Logistics. The venture is still operational and serves prominent clients including Bechtel and the United States military. He then founded DAMAC Properties to tap into the Emirates’ promising real estate industry.
DAMAC Properties Dubai Co. PJSC is involved in the development of leisure, residential, and commercial property in the United Arab Emirates. The company’s headquarters are in Dubai, United Arab Emirates. To maintain its position as the leading developer of luxury apartments across the UAE, the company strives to provide the highest end and stylish products.
Hussain Sajwani has partnered with a fellow real estate giant, Donald Trump, on the establishment of the Trump International Golf Club. The investor still hopes to further enhance his business partnership with the United States president through his real estate company, the Trump Organization, also located in Dubai. Hussain Sajwani explained that his ties to the Trump family are beyond the president himself, but go beyond to the rest of the family.
DMAC Properties is famous for its philanthropic activities. The company is among the most prominent donors towards the #UAE Compasion campaign that supports refugees of the ‘Huda’ within the Levant region. DAMAC Properties also supports the UAE president, His Highness Sheikh Khalifa bin Zayed Al Nahyan, in similar philanthropic efforts. The DAMAC owner further indicates that the company has a humanitarian role in supporting the homeless.
Connect with Hussain Sajwani on LinkedIn.