DAMAC Owner- Hussain Sajwani’s Career And Success In Real Estate Business
Hussain Sajwani is a visionary businessman and the owner of DAMAC Properties, a leading property development company in the Middle East. He is ranked as the tenth richest Arab in the world and often listed among the top 100 influential Arabs courtesy of his successful career in DAMAC properties. Sajwani intends to spread his business to Asia.
The DAMAC owner was born into a business family that ran a store that sold watches. He started helping in the family business after school hours when he was very young. He was among the first students that obtained a scholarship to study in the US.
While studying in the US, Hussain Sajwani started earning by marketing timeshare apartments. He graduated with an economics and Industrial Engineering degree from the University of Washington. He wanted to start his company but understood very well he needed to gain experience in running a successful business. So he started his finance career in a large gas and oil company in Qatar. According to alkhaleej.ae, during the two years he worked in the finance department of the company, Hussain Sajwani was among the team that processed payment for contracts. Later on, he saw the need of starting his company and make more money with the business ideas he had.
After gaining experience working for the oil and gas company, Hussain Sajwani started his first business in 1982, a catering company. The business picked up fast and was among the leading catering companies with more than 200 active projects and serving more than 150, 000 meals per day. Today, the company serves people of Independent States, Africa, and the Middle East. In 2000, he saw an opportunity in the Real estate sector after the UAE opened the real estate sector. The DAMAC owner established DAMAC Properties that started developing rooms for hotels in Dubai.
Today, DAMAC Properties is a multinational company with over 2000 employees and offers services in the UK and countries in the Middle East. Hussain Sajwani’s DAMAC has been in operation for 15 years, and he gives his employees the freedom to exploit their potential. DAMAC Properties boasts of complete projects including 17,900 homes and 44,000 housing units.