Born in Emirates nation in 1952, Hussain Sajwani has successfully risen through the ranks in the real estate sector. One of the factors that pushed him to enter into business and be successful was that he had a family with a thriving entrepreneurial background.
Recently in Forbes 2018, he was ranked as the fourth most precious person in the world with a net worth of 4.1 billion dollars. He attributes his source of wealth mostly to the Damac properties, a real estate venture.
Hussain, the DAMAC owner, commenced his career at the Abu Dhabi gas industry immediately after completion of his studies at the University of Washington. He then decided to quit after two years to venture into catering that proved exceedingly successful.
He was able to attract customers such as the United States military. The venture is still in operation and is referred to as Global Logistics Services. With the goal of making more income, In 2002, Hussain Sajwani founded the Damac properties where he is the current chairman.
A collapse of the Soviet Union led to an influx of visitors into Dubai, and this made his business a success. The company is involved in the construction of top range developments and marketing them aggressively.
In 2013, Damac Company teamed with Trump to develop Trump branded golf courses in Dubai developments. The partnership has dramatically proved to be a success. Established in 2002 as a part of the Damac group, in 2013, the Damac company was listed at the London stock exchange as the first real estate company from the Middle East.
And in 2015 it was also listed on Dubai financial market. Damac has completed some projects both mixed-use and commercial residential across Saudi Arabia and Dubai. It has also released two master development in Dubai nearly totaling 100 million square feet.
Damac has also invested in the hospitality element and operates some hotels and serviced villas under the Damac brand. Hussain Sajwani has firmly believed that his success has been a combination of both luck and vision.
He thinks that if someone would offer an opportunity, he would always grab it. Besides that, his company has dramatically been involved in customer relationships. He rewards free Lamborghinis to the luxurious apartment buyers.
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