Hussain Sajwani is the Founder of DAMAC Properties, a multinational property development company located in the United Arab Emirates. He is one of the key figures who have contributed to the real estate market expansion in Dubai where he built many hotels to accommodate a large number of people coming to Dubai for business in the mid-90s.
As a prominent investor and a business leader, DAMAC owner has a proven track record of success in doing business in global equity and capital markets. Presently, he serves as the Executive Chairman and the Chief Executive Officer at DAMAC Properties.
Hussain is also the Chairman of other firms such as the Al Jazeira Services Co., AL Anwar Ceramic Tiles Co., Al Amana Building Materials and Dico Investments. DAMAC Group was established by Sajwani as a catering and hospitality company in 1992, and from the humble beginning grew into a world leader.
Hussain Sajwani was born to a middle-class family in Dubai. He joined the University of Washington where he received his undergraduate degree in Economics. He wanted to earn a degree and pursue his career as a white-collar professional working regular hours.
Sajwani’s entrepreneurial spirit was inspired by his father who owned a watch and a pen store in Deira. His father was also involved in real estate business while his mother used to buy fabrics from wholesalers and sell them to local ladies. Sajwani started helping his father at the watch store while he was three years old.
From interacting with customers every day, he learned a lot of about entrepreneurship as he grew up, and he also got inspired by his father’s dedication. Even though he did not want to join the family business due to hard experiences he encountered while working at the watch shop, he later realized that he had the entrepreneurial spirit.
After proceeding from the University of Washington, Hussain was hired as a Contracts Manager at GASCO, a minor company under the Abu Dhabi Oil Company. However, he did not work for the firm for long, as he left his position to start his own company, DAMAC. Sajwani established DAMAC, LLC in 1982, but later changed its name to DAMAC Group.
The company currently has over 2,000 staffs, and in the luxury property development sector, it has been able to deliver more than 17,900 homes.
The firm is reputed for offering its customers unique and attractive residential and commercial properties. From the success of the reputable company, DAMAC, Hussain Sajwani family is honored and recognized all over the world.
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