Hussain Sajwani founded DAMAC Group which is a real estate development firm headquartered in Dubai, United Arab Emirate. He leads this company as both its chairman and chief executive officer. He says he grew up in a conservative and humble family and he wanted to grow up to own his own company like his father did. However, he didn’t want to join his father’s shop as he wanted to start an even larger company on his own.
When DAMAC Group was started in 2002 it was a pioneer in building housing for foreigners. Before that year foreigners could visit the UAE but they were forbidden from owning real estate. When this was changed by government decree Hussain Sajwani jumped in with both feet and started building luxury development. His company is now quite large and is listed on the London Stock Exchange.
Five years ago Hussain Sajwani and DAMAC Group partnered with Donald Trump. Under their agreement, DAMAC Group builds large property developments and Donald Trump’s organization manages their attached luxury golf courses. One of these courses opened in 2017 with the next one slated to be open by the end of 2018. This latter one was designed by golfing legend Tiger Woods so it will be an exceptional course when completed.
Hussain Sajwani recently expanded DAMAC Group into hospitality. His company now offers catering services to hotel guests across the Middle East. They also offer this service to those who live in apartments whether they are renting or owning it. Additionally, he has branched into insurance starting in Bahrain and he expects to expand that side of his business before too long.
Growing up Hussain Sajwani was taught to give back to the community. He gives philanthropically to many charities, in particular those that are focused on children. One time he provided enough money to clothe 50,000 children, for instance. This was a worldwide effort he took part in which was inspired by the ruler of the United Arab Emirates. He also supports educational causes as he knows that it is through education that people find better opportunities in their life.
Learn more about Hussain Sajwani here