Hussain Sajwani is a businessman based in the United Arab Emirates. He is credited for being among the pioneers of the Dubai property market growth. Learn more about DAMAC owner: http://www.gulfconstructiononline.com/news/story/4267
He founded Damac Properties back in 2002 in a bid to take advantage of a decree by the Dubai government that consented to property ownership by foreigners in the emirates.
The DAMAC owner capitalized on this window of opportunity as he viewed the non-Emiratis as prospective apartment buyers. He bought an undeveloped land and proceeded to develop apartments. Hussain Sajwani managed to sell off all the units in the 38-story residential building before six months lapsed, and this was before the construction started off.
Relationship with Donald Trump
Hussain Sajwani’s Damac Properties partnered with Donald Trump’s Trump Organization in 2013, in the development of two Trump-branded golf courses. The first, The Trump International Golf Course Dubai was opened in February this year at Akoya residential development of Damac.
The second, Trump World Golf Course, which was designed by renowned golf player Tiger Woods, is expected to be opened in another Damac development towards the end of 2018. The Hussain Sajwani family and President Donald Trump’s family, share a business relationship especially in the real estate industry.
DAMAC is an UAE company that is often associated with ostentatious property developments and great marketing stunts that are eye-catching like giving a Bentley free of charge for every luxury apartment purchased. Hussain Sajwani, the DAMAC owner, started off his business in the food business and attracted many clients. Hussain Sajwani served the U.S. Military personnel working in areas such as Bosnia, the Gulf and Somalia. The food service business still exists up to today under the Damac Group.
Education and Philanthropy
Hussain Sajwani graduated from the University of Washington and got a job at GASCO as a contracts manager. He moved on after a short period and formed his own food catering venture in 1982.
The billionaire investor is an active philanthropist and contributes to a number of charitable causes and organizations that help the local communities and the extended region. He is also interested in entrepreneurship initiatives and encourages young people to become innovative as a way of carving their own career paths.