Hussain Sajwani founded Damac Properties, a residential real estate company, in 2002. Hussain founded the company to take advantage of Dubai government’s decree to allow foreigners to acquire and own property in the Arab Emirates.
Hussain Sajwani discovered that non-Emiratis were the main apartment buyers. He initially started investing in food services which became successful thus attracting clients from different parts of the world. Some of his clients during that time include; construction giant Bechtel and the U.S military.
Hussain Sajwani purchased land in an undeveloped area and built a 38-storey residential building which he sold within six months. Since then, Sajwani has played a significant role in improving Dubai’s image to investors and the rest of the world. Damac Properties is associated with eye-catching marketing stunts, luxury apartments, and glitzy property developments. Even though he owns a real estate company as his primary source of income, he still owns a food service company. Learn more about Hussain Sajwani: https://twitter.com/hussainsajwani
Damac Properties engages in the development of leisure, commercial, and residential properties in the Middle East. The headquarters of the company are located in Dubai, United Arab Emirates. In 2013, Damac started working with Donald Trump to construct two golf courses. Sajwani hopes to enhance his working relationship with trump’s real estate company to make more developments in the United Arab Emirates.
Both Trump’s real estate company and Damac Properties have collaborated to build luxury villas at Trump International Golf Club that are worth approximately $2 billion. Under the leadership of trump’s children, Damac continues to expand and maintain a healthy relationship with Trump’s organization.
Hussain Sajwani family is also philanthropic because they have donated severally to various helpful projects. Damac owner has handed donations to UAE Red Crescent. The donations made to the organization were meant to support refugees in Lebanon and Jordan. Damac Properties recently made a $2million to ‘clothe a child,’ $1million to Water Aid, and another $1million for the construction of a modern Dubai Autism Center.
Hussain stated that it is the duty of his organization to lead by example by giving donations where they are needed. Damac Properties is always willing to provide assistance to charitable and humanitarian campaigns.