Hussain Sajwani’s Career in the Real Estate Industry

Hussain Sajwani is a 64-year-old Dubai based billionaire. He is a self-made tycoon with a lot of investments in Dubai’s real estate. He is happily married and has 4 children. Hussain Sajwani is the founder and owner of Damac Properties that he established in 2002.

 

However, he started out in the food industry before joining real estate. He started out supplying food products to the American army in the 1991 Iraqi crisis. He has worked with the Americans in other places including Somalia, Bosnia, and the Gulf. He has also worked with huge American companies like Bechtel. Hussain Sajwani says the relationships that he cultivated during his stint in the food industry are what have come to be of help in the real estate industry.

 

In 2002, Hussain Sajwani founded Damac properties. This move was inspired by the implementation of a law that saw foreigners granted the ability to own land in the emirate. He projected that apartments would be in demand by non-emirates. As such, he bought land and built a 38-storey building. What is surprising is the fact that he was able to sell units in the building 6 months before he even began construction.

 

In 2013, long before Donald Trump was sworn in as president, Damac entered into an agreement with him to develop Trump-branded golf courses. One of the golf courses is already complete and in use; The Trump International Golf Course Dubai. The other, the Trump World Golf Course, is slated to be opened at the end of 2018. Both of these golf courses are located in Dubai. The Hussain Sajwani family have been close allies with Trump on both social and economic grounds.

 

In 2013, the Damac owner, Sajwani, donated AED 2 million to charity. The campaign was aimed at clothing over one million needy children around the world. This campaign was started by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. The donation was done in support of the unrelenting efforts the Dubai government has to help needy children across the world. Hussain Sajwani said that children are the future of the world and no effort should be spared to provide them with the best start in life.