Business

Hussain Sajwani’s Prolific Real Estate Portfolio

wwgardens / August 8, 2017

Hussain Sajwani is an influential personality in the Middle East real estate industry and is easily reckoned as a pioneer in the Dubai property markets. According to his LinkedIn profile, Sajwani is the Founder and Chairman of DAMAC Properties, a large global property development company. The DAMAC owner began his career at GASCO, a subsidiary of the Abu Dhabi National Oil as a Contract Manager before starting his own catering venture in 1982. He started his real estate venture in the mid 90’s by constructing hotels to accommodate the growing number of visitors and traders moving into the Emirates. With an increased appetite for chic real estate development, Sajwani saw it fit to establish DAMAC Properties in 2002. It only took a few years for the company to become a dominant force in the property development area. To date, the company has delivered more than 16,800 homes with a development portfolio of over 43,000 units. The projects undertaken by the company span the Middle East and Europe in cities such as Dubai, Abu Dhabi, London, Riyadh and Amman.

 

Today, DAMAC Properties is a publicly listed company that boasts of having a strong workforce of over 2,000 employees. Being an astute businessman, Sajwani’s companies also trade in several global capital and equity markets. Sajwani is also a good friend of US President Donald Trump. According to an NBC News report, Trump and Sajwani collaborated to build the Trump International Golf Club, where luxury villas targeting high net worth persons sold for a cumulative $2 billion. The Hussain Sajwani family also has a close relationship with Trump’s children Ivanka Trump, Eric Trump and Donald Trump Jr. Sajwani met the then candidate Trump during the opening ceremony of Trump’s Washington hotel. After his election as US President, Sajwani met Ivanka and the Trump family during the 2017 New Year’s Eve celebration at Trump’s Mar a lago home in Palm Beach Florida. The families have met several times in business conferences around the world. Hussein Sajwani graduated from the University of Washington. His skills set in the real estate development include marketing, finance, administration and sales.