Dubai has over the years turned into the biggest market for luxury real estate industry players such as Hussain Sajwani, the founder of Damac Properties. Hussain has built a solid reputation as a real estate developer and astute businessman. His business acumen and ethics have seen him strike associations and engage some of the high net worth individuals around the world, including the sitting U.S president Donald Trump.
Business with Trump
Damac Properties and the Trump Organization have partnered on a number of multi-billion projects. Key among them is the prestigious Trump International Golf Club where they have sold luxury villas worth over $2 billion. Hussain Sajwani also maintains close ties with the Trump Organization and have partnered on several projects. The two have Damac has collaborated in developing some of the most luxurious properties in prime destinations around the world including Jordan, Lebanon, UAE, the United Kingdom, Qatar, and Saudi Arabia.
Relationship with China
The Damac owner says that his company is looking to increase its investments in the Asian continent, especially China. This comes at a time when the country is experiencing a rise in their middle-class economy. According to Hussain, the Asian economy is experiencing a rise in the levels of income and makes it the best time for Damac to invest. Their presence in China is boosted by the strong working ties that his UAE partners and China have developed over the last few years.
Today, Hussain Sajwani is ranked as the tenth richest man of Arab origin in the world. He attributes this to his various businesses that include a chain of hotels present in several continents including Africa. However, Damac remains the golden goose that made the rest and possible.
His entrepreneurship journey started after he graduated from the University of Washington with a degree in Economics and Industrial Engineering. After a brief period of employment, Sajwani started a catering company that supplied food to the U.S military. The savings here saw him establish Damac Properties and grew it over the years to become a multinational company with roots in virtually every corner of the world.