Hussain Sajwani, the founder and chairman of DAMAC Properties, is a businessman who considers success and failure part of the person he is today. He has seen the real estate sector in the Middle East boom, bust and boom again. During the bust, he never gave up, and now he is a happy billionaire. Sajwani is known for his investments in the Dubai property market. His real estate empire is now so vast that he is exploring opportunities in the European market.
Before he created DAMAC Properties, Hussain Sajwani pursued education in business. He attended the University of Washington and graduated with degrees in Economics and Industrial Engineering. Immediately he was out of college, Sajwani was ready to venture into business. He created his first company in 1982. It was a catering company which he is still managing even today. This project did exceptionally well and gave him the clout he needed to venture more into business in the Middle East.
The construction of the Dubai property market started in 20012. Hussain Sajwani was among the first investors who took up the opportunity to set up projects. He created DAMAC Properties, and over the years transforming it into one of the largest construction companies in the Middle East. The company has projects in Abu Dhabi, Doha, Beirut, Riyadh, and London. The company has so far accomplished significant growth by developing over 17,900 homes and over 44,000 units.
The rapid growth of DAMAC Properties in less than two decades is as a result of the excellent leadership which Hussain Sajwani has accorded the company. He has a unique sense of opportunities and is always ahead of others when new opportunities show up. This company has made him one of the wealthiest Arabs in the world. He is ranked among the top 100 most influential Arabs. Sajwani has managed to turn his experience in business into corporate success by creating a company that can achieve continuity and growth at the same time.
Hussain Sajwani, the DAMAC Owner, has interests in other fields in the financial market. He is in investing in the financial markets and injecting the profits back into the real estate business.