Hussain Sajwani is one of the well-known public figures in the United Arab Emirates and is a well-respected businessman and philanthropist as well. He is the chairman of Damac Properties, which is one of the biggest real estate construction companies in the Middle-East, based in Dubai. The company has its operation spread in many other international destinations, including in London, Beirut, Jeddah, Riyadh, Doha and Abu Dhabi.
Hussain Sajwani and his company Damac Properties has played a pivotal role in developing Dubai’s infrastructure. His company has created and developed some of the landmark buildings not only in Dubai but all over the Middle-East. Hussain Sajwani is a close ally of Donald Trump and has worked with him on many different projects, way before Trump became the United State’s President, and the partnership continues till date. Trump’s real estate company and Damac Properties have collaborated to build two golf courses in Dubai.
Hussain Sajwani, before starting in the real estate business operated a food service business, which continues to run until date. His food service company had big clients, such as Bechtel and the U.S. Military. As soon as the Trump became president of the U.S., Hussain Sajwani offered a $2 Billion deal to Trump, which the latter politely had to refuse due to his role as President. Hussain Sajwani is the third richest in the United Arab Emirates and has a net worth of over $3.7 billion. Over the years, he has undertaken some of the major projects in the Middle-East and overseas, which has helped Damac Properties grow, volume, reputation, and turnover.
Hussain Sajwani is a great businessman, and it can be seen in the way he conducted his first ever deal. He understood back in the early 2000s that the real estate market in the Middle-East had great potential. He knew the policy of the government that allowed the non-citizens to invest and buy land in the country, and it is for this policy he shifted his base to Dubai. Hussain bought his first plot of land in one of the lesser developed parts of the city, and after designing the 38-story building with the architects and getting the government approval, managed to sell out every unit of the construction within six months. He sold out the entire project even before the construction started, which marked a turning point in his career and the beginning of Damac Properties as we know today.