DAMAC Properties Dubai Co. PJSC was founded by an entrepreneur, Hussain Sajwani, in 2002. DAMAC, a residential and commercial real estate development enterprise is located and headquartered in Dubai, the United Arab Emirates. Hussain Sajwani chose real estate as a business venture because the Dubai government permitted foreigners to own property in the Emirates. The characteristic of forward-looking is an essential quality of an entrepreneur.
Sajwani spread his financial wings and established an investment company, ZIDCO. Then he founded Al Jazeira Services Co SAOG which is capitalized over $125 million.
DAMAC jettisoned Sajwani to the elite of the real estate development business in Dubai with a net worth of at least $3.5 Billion. DAMAC developed the Maison Hotels Dubai and specializes in luxury homes, villas and apartments. The Damac Group operation also promotes its food enterprise.
Hussain Sajwani enjoys a continuing business relationship and friendship with President Donald Trump and Trump’s family. Sajwani has developed Trump-branded Dubai golf courses. Trump and Sajwani or at least the Trump family, still plan to do business together.
In 1954, Sajwani was born in a conservative middle-class family. His father had a watch and pen store and worked for many hours to support his family while working part-time in Dubai real estate projects. Sajwani’s mother sold fabric, which she purchased from the wholesale market.
Sajwani did not want to join his father’s business, because of his entrepreneurial spirit. His education formed the foundation for his remarkable business success. He began his formal education as an undergraduate in economics and studied at the University of Washington. With his economics degree, he was employed as a contracts manager by GASCO, a subsidiary of Abu Dhabi National Oil Company. Then he went on to form DAMCO. The rest is history.
Sajwani is not interested in a career in politics. Outside of has work he has devoted himself to philanthropy. Sajwani has donated clothing to underprivileged children across the globe. He has given his funds to clothe 50,000 children. His devotion to children mirrors his commitment to Hussain Sajwani’s four children.
Hussain Sajwani has covered all the bases. What’s left to do?