Hussain Sajwani, the founder and current chairman of DAMAC Properties is a seasoned real estate mogul with a long family history of investing in the real estate industry. Even before venturing into entrepreneurship in the real estate industry, Mr. Sajwani had already gained valuable experience helping out at the family real estate business. The Hussain Sajwani family was one of the early investors in the real estate industry in Dubai. They tapped into the ever-growing demand for properties in Dubai following an influx of foreigners into the territory. He furthered his corporate management experience and credentials by working at GASCO as a contracts manager. However, before working at the Abu Dhabi National Oil Company subsidiary, Hussain Sajwani’s business skills and acumen had been horned initially at the prestigious University of Washington. Armed with experience and strong academic background, Hussain Sajwani founded DAMAC Properties in 2002.
Steering DAMAC Properties Towards Greater Success
According to Erem News, over the past fifteen years that DAMAC Properties has been operational with Hussain Sajwani at its helm as the chairman, the company has grown exponentially beyond the Dubai properties market. Through suave financial management and strategic partnerships, he has guided DAMAC Properties towards an expansion drive that has seen the company break into new markets overseas. The DAMAC owner is already considering listing the company’s shares through an initial public offer (IPO) at the world-renowned London Stock Exchange. DAMAC Properties has already listed its shares at the financial markets in Dubai. The company’s employee base has surpassed the a thousand mark, which is a remarkable achievement for a company that started with a few employees working from its Dubai office. Under the leadership of Hussain Sajwani, DAMAC Properties has extended its operations to new territories within the Middle East. It has carved a name for itself as one of the leading real estate companies in the region with operations in Jeddah, Beirut, Abu Dhabi and Doha among other cities. The company has also initiated a plan that will see it expand into Europe with London already serving as the pilot city.
A Glitzy Affair: Partnerships
Hussain Sajwani has adopted a strategic marketing plan at DAMAC Properties: partnering with celebrities and high-profile individuals to develop and market the company’s brand of glitzy and glamorous real estate and commercial properties. One such high profile individual is President Donald J. Trump. Mr. Sajwani partnered with his company, Trump Organization to develop two Trump-branded gold courses and villas. One gold course and the accompanying villas have already been opened and the villas sold for billions of dollars. The second, designed in collaboration with Tiger Woods, will be opened in 2018.