Hussain Sajwani’s Star Rises Higher Than His Skyscrapers
At the height of his success in real estate, Hussain Sajwani is characteristically unassuming. He is also unapologetic over what it has taken him to make it to the top. He is the cool and calm face behind DAMAC Properties, a global real estate development venture he set up in his native country, UAE. The firm is his flagship business. It is putting him on the world map.
Hussain Sajwani also has interests in hospitality, financial services, catering and building materials. The UAE billionaire graduated from the University of Washington and quickly started a catering business in 1982.
He excelled providing food items to construction projects, oil and gas companies and US military operations in the Middle East. He still maintains his first catering company. In 2002, he started DAMAC Properties.
The developer sought to capitalize on a government policy change that allowed foreigners to own properties in the country. DAMAC Properties has since become a household name in the real estate market in the Middle East and around the world.
The company has properties in key regional cities including Dubai, Abu Dhabi, London, Doha, and Riyadh. The real estate giant has already commissioned close to twenty thousand homes.
More than double that number are at an advanced stage of development. This includes residential, commercial and mixed-use developments.
Hussain Sajwani has been the driving force behind the unprecedented growth the firm has achieved. He has an acute business acumen, and he is recognized as one of the most influential Arabs in the world.
He provides professional leadership that translates into corporate growth and profitability. He has a strong track record of success in the equity and capital markets.
He continues to hold significant interests in key regional and global capital markets. He started dabbling in real estate while still in college. He started selling time-share rentals, which sharpened his entrepreneurial knowledge.
In addition, the venture provided capital he would need later on. Soon after graduating, he realized that he was better off working for himself.
That’s when the catering business took off. Similarly, Hussain Sajwani the DAMAC owner, continued to nurture his interest in real estate. He started out building small ordinary hotels, and soon, he had plans taller than his prime towers in Dubai. He is proudly part of the skyscrapers revolution that has hit the country by storm.
Connect with Hussain Sajwani on LinkedIn.