Currently, the widely recognized Hussain Sajwani, a real estate tycoon, is the owner and founder of DAMAC properties Dubai. He started off with small hotels in Deira and won tenders to supply food to many organizations. He supplied food to US military during the Desert Storm. During 2002, Sajwani founded DAMAC properties and decided property handling was his future. However, food services remain part of the DAMAC Group services hitherto.
Hussain Sajwani has a strong connectivity to business tycoons in the world. One of them being the current US president Donald Trump. Sajwani and Donald Trump have had a mutual relationship where they even held dinner together in New York. Hussain Sajwani family has a strong relationship with Donald Trump. This has enabled Sajwani to merge forces with Donald Trump’s real estate company, the Trump Organization. The two have developed two Trump-branded golf courses in Dubai. DAMAC has also joined forces with Italian fashion-houses Versace and Fendi to build luxury apartments.
DAMAC is real estate Company that is often associated with glittering property developments, amazing marketing stunts, and lately, glitzy golf course projects with Donald Trump. DAMAC has its main offices in Dubai. He founded it in 2002 just when Dubai was at the lift-off stage of a six-year boom in real estate development. By the time the Soviet Union was collapsing, he had developed some mid-market hotels in Deira. The collapse of Soviet Union led to an influx of visitors. During the crash of 2008, mainly contributed to by these visitors, Hussain was able to take fast action to protect his company’s market, hence was able to see through the crisis successfully.
Hussain Sajwani has been able to handle his company well and has based it on three principles. The company holds no debt, escrow accounts are independent, and the company retains cash reserves to be able to support construction schedule. Currently, DAMAC owner employs more than 2000 workers in UAE.
Hussain Sajwani has mastered the art of giving back to the community largely. DAMAC properties donated a cheque of AED two million to buy clothing to over 50,000 needy children. He has established great hospitality programs since 2011 to support and raise the standards of the citizens. This places Sajwani as a top philanthropist and a humanitarian in his country.
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