Hussain Sajwani founded DAMAC Properties, located in Dubai, in 2002. Back then, the real estate developer and DAMAC owner saw an opportunity in Dubai, and today the company is one of the largest real estate development companies in the Middle East.
Hussain has been in business for himself for most of his adult life. He has owned a catering business, a ceramic business, and he is an experienced and successful investor. DAMAC Properties and Hussain Sajwani have helped to develop the landscape of Dubai as we know it today, with hotels, luxury residences, and golf course communities. Dubai has since become a paradise for investors. In 2008 with the fall of the stock market, the impact was felt in Dubai as it was most everywhere else. The DAMAC owner is a savvy businessman and he positioned his company to weather that storm. In 2013, the company went public on the London Stock Exchange. That move proved to be an extremely successful decision. The IPO raised approximately $379 million. The company is in the midst of many ongoing development projects in the United Kingdom, Jordan, Lebanon, Dubai, and Saudi Arabia with Paramount and Akoya as partners, to name a few. Akoya Oxygen is a current DAMAC development project.
As a young boy, Hussain Sajwani learned many of the fundamentals of business ownership from his father, an entrepreneur who owned a small import company in the Middle East. In the mid 1960s, his father traveled to China to increase his business, and he was amongst the first in his region to do so. Hussain’s grandfather was also an entrepreneur and the owner of a trading company. The mindset of an entrepreneur was instilled early on in Hussain’s life. He has commemted in a recent interview about his commitment to the phrase,”quality and delivery,”and he has held firm with this commitment to his customers.
The DAMAC owner maintains the company’s headquarters in Dubai. Hussain Sajwani serves in the role as Chairman of the organization. He attended college in the United States, and he is a graduate of the University of Washington.