Hussain Sajwani is among the investment moguls that have shaped the Real Estate industry in Dubai. The industrial engineering graduate from the University of Washington started off his career as a Gas and oil engineer in GASCO, a national oil company in the Dubai’s capital. He later left and concentrated on Al Jazeera services, a company supplying food to different industrial workers.
In 1995, Hussain Sajwani entered the real estate market after building living complexes to accommodate traders who came to the UAE. He officially launched DAMAC Properties in 2002 and has since expanded to different cities like Doha, Lebanon, Jeddah among others. The DAMAC owner (@HussainSajwaniOfficial) has employed a team of about 2000 people that have all contributed to his success. The company that is known for delivering homes with comprehensive portfolios has become a publicly listed company and trades its shares in the Dubai Financial market.
Being a high-end organization, Hussain Sajwani has partnered with other companies of the same stature to bring in fresh ideas into theirs. For instance, they collaborated with Tiger Woods for golf course designs used in the Trump International Golf Course. DAMAC Properties is also known for its flashy advertisements such as giving every apartment buyer a Lamborghini. On this offer, their main partners are the Bugatti. In addition, they have also closed deals with fashion houses like Fendi Casa and Versace.
Besides being the founder and chairman of DAMAC properties, Hussain is part of several companies in the global market. He is the AL Anwar Ceramics Tiles Company chairman. The company is the largest producer and distributor of ceramic tiles in Oman and manufactures all its products from the readily available materials., He also owns the majority shares in Al Amana Building materials company. The DAMAC owner founded DICO investments and is currently divided into strategic holdings, ownership of subsidiaries, long-term ventures, and debt collection departments. Mr. Hussain has a wife and four children and has been ranked in the list of the wealthiest Arabs worldwide having a net worth of about 4.1 billion dollars.
Meet DAMAC’s board here: https://www.damacproperties.com/ar/investor-relations/corporate-governance/meet-our-board