DAMAC Owner Hussain Sajwani: Dubai Business Tycoon

Hussain Sajwani is an Emirati billionaire property developer and the founder of real estate development company; DAMAC Properties. DAMAC properties was ranked number one in the Forbes 2017 first 2000 companies. He was born in 1956 in Dubai Emirates. He was born to an entrepreneurial father who had a shop selling watches, shirts and couple of goods imported from China. He was among the privileged few who got the government scholarship to go study abroad and as such was able to undertake industrial Engineering at the University of Washington in the United States. Whoever said humble beginnings always leads to greatness might have been having Sajwani in mind. Sajwani owes his initial early steps to the humble beginnings as the US military food service caterer.

The year is 1981 and Sajwani joins Abu Dhabi gas industries. Two years later he ventured into catering business with the US military and Bechtel as the initial clients. Currently the business is still existent and is referred to as Global logistics services.

DAMAC Properties is now sixteen years old having been established by Sajwani in the year 2002. DAMAC properties is one of the largest companies in the middles east and to date has sold over nineteen thousand (19000) apartments with over forty four thousand(44000) on various stages developmental stages. It first started trading its shares publicly in the year 2015 at the Dubai Financial markets. According to ebizine.com, Tiger Woods designed a golf course which was financed by DAMAC Properties and managed by Trump’s Organization of Golf courses. The organization also has luxurious apartments having leather fashion and Villas laced and styled by Buggatti. Paramount hotels also make it up to the list of the assets owned by DAMAC.

In 2017 Sajwani, the DAMAC owner, spent six hundred million pounds ($780 Million) in London via its Varsace branded Aykon tower in London located at Nine Elms. Sajwani then earned recognition as one of the influential tycoons and business conglomerates in the Middle East.

Sajwani (@hussainsajwani) is philanthropic at heart and in the same year he sponsored Dubai Future Foundation, an organization whose main aim was to sharpen the technological aspects, innovation and make the young Arab youth be tech savvy. He was flanked by the then UAE Vice president and prime minister and ruler of Dubai. The target of the foundation is to train and equip more than one million youths.

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