Dubai has one of the most developed real estate landscapes, and many companies have contributed to its fast development. One of the companies that have contributed heavily to the real estate development of the United Arab Emirates is DAMAC Properties that was started by Hussain Sajwani in the year 2004. The company has grown rapidly in the past few years under the leadership of Hussain Sajwani, who has done his graduation from the Washington University in Economics and Industrial Engineering.
Hussain Sajwani has been able to achieve immense success in the field of real estate because of his keen understanding of what the clients are looking for. The modern people are looking for something that is non-conventional, innovative and aligns well with the modern lifestyle. All the real estate projects of DAMAC Properties are designed in collaboration with the designers and developers from abroad, including from the United States, France, and the United Kingdom. Hussain Sajwani has also roped in companies like Versace and Gucci to make the real estate projects elegant and appealing.
Hussain Sajwani as a DAMAC owner has also become one of the wealthiest Arabs in the world and is listed by Forbes to be the fourth richest Arab in the world. Hussain Sajwani is also associated with many charities and generously help through donations to empower local communities. There are many causes that Hussain Sajwani and his firm support through volunteer work as well as financially. Hussain Sajwani is also friends with the United States President Donald Trump, who is also a real estate tycoon in the United States. DAMAC Properties and Trump Inc have worked together in the past on a number of projects, and it is what helped DAMAC Owner Hussain Sajwani and Donald Trump to know each other. Currently, DAMAC Properties has collaborated with the real estate firm of Donald Trump to develop golf course cum residential complex in the heart of Dubai.
DAMAC owner Hussain Sajwani also believes in giving back to the society. He is the major sponsor of the One Million Arab Coders initiative of the UAE government. He aims to promote employment among the younger generation by making them fluent in software development which is a significant requirement in today’s world.
If any company or business is looking for an organization to emulate, it would be Nationwide Title Clearing, Inc. The company began its journey in 1991 as a small, regional title and documents company and today it is one of the largest in the world in its field. It handles the sourcing of documents found in all of the jurisdictions and counties in the United States, which amounts to over 3,600 places to look.
The keys to the success of document companies are to be able to deliver to the customer the required documents accurately and at great speed. Nationwide has a compliance rate of 99.89% and a failure rate of only .78%, meaning that they are nearly 100% on both counts.
Considering the sheer volume of documents that the company processes, this is an incredible statistic. Eight out of the top ten retail mortgage and lending businesses have chosen Nationwide as their primary sources for their documents. These companies include some of the largest mortgage and lending companies in the world.
Employees are given lots of credit for the robust statistics at Nationwide. From the beginning of their employment, they go through a very intensive training for about three weeks and then are continually supervised closely until they master their job.
There are also about 150 additional training modules available at the discretion of the employees which are used for additional training and skills. Many of these modules are instrumental in various paths to advancement and employees are given time to pursue these options. Up to 70% of the workforce is involved in the extra training at any given time.
Success does not usually happen by accident, especially with large companies. Nationwide is experiencing rapid growth largely due to more retail mortgage companies recognizing the skill and results exhibited in the past. The company has grown over 700% since 2008, for example, and continues its trend year by year. These kinds of results happen for a reason.
John Hillman, CEO of Nationwide made an industry-wide podcast recently where he talked about results in the industry and what has to be done to achieve them. Compliance is a much-discussed topic in the industry, yet it always seems to be a problem in some circles. Hillman went on to say that if you want good compliance, you must train for it and let employees know what is expected. Then a high level of monitoring must also be in place to measure results and communicate to employees. You keep the score, and the score will improve.
The top New York apartments for rent firm has recently released the results of their study concerning sales growth and prices. Both appear to have had a strong second and third quarter outcome. This data was collaborated and released through their quarterly Aggregate news letter.
After all of the data was broken down and analyzed, it seems the greatest level of growth has come from price per square foot. The condominium prices were a close second with co-ops coming in third. These and more data analysis were released through Virtual Strategy Marketing.
What the data shows is that despite a small speed bump in the sales road in Manhattan this past Fall, both prices and sales are at an all time high. These trends are showing no signs of slowing and the market remains strong.
One of the fastest growing segments in this luxury sales market remains as the new developments. Newly built units are remaining as the strongest segment. This does not discount the historic buildings or the older properties. These are still moving, they are just not netting the same level of interest as the newer developments.
An interesting point that is noted within this release is the fact that buyers have the bulk of the power. They have the money, the desire to buy, but are awaiting prices to drop a bit. These buyers are not jumping on the properties when they are released. Instead they are waiting for deals to surface that make the purchase well worth their money.
This new found power by the buyers is causing an interesting trend to surface. That trend is properties spending more time on the market. As the luxury listing spends more time on the listing roster the eventual outcome are prices being cut to move the property.