Currently, the most booming business globally is in the real estate sector. This demand has been rising swiftly because of the rise in population which has doubled up every day. Real estate investor Hussain Sajwani is a graduate from the University of Washington with Bachelor’s degree in Industrial Engineering and Economics. The young Hussain started his first career in the year 1981 in the finance department in Abu Dhabi Gas Industries. After two years, Sajwani (@HussainSajwaniOfficial) invented a catering venture, with clients such as U.S military. This venture is operational to date, and has rebranded into Global Logistics Services. However, the tremendous strides made by this real estate mogul has made him be ranked in 2018 Forbes magazine as the world’s 4th richest Arab with a net worth 0f €4.1 billion.
Hussain unending thirst for property development stroke in 2002 when he laid down a plan and came up with DAMAC Properties, one of the largest property developers in the Middle East. Afterwards, DAMAC developed about 19,000 apartments. Lately, in the year 2015, the company was publicly listed with shares traded on the Dubai Finance Market. In an interview with Albawaba.com, it was mentioned that the successful projects developed by the company include a golf course designed by Tiger Woods and managed by the Trump Organization, luxury villas styled by Bugatti and Paramount Hotels. Hussain Sajwani put into stake £600 million in London, UK, through its Versace branded Aykon London One tower in Nine Elms. The real estate icon was listed among the 100 most influential Arabs by Gulf Business in 2007.
DAMAC Properties is headquartered in Dubai in the United Arab Emirates and is a public joint-stock company. In 2015, it was listed on the Dubai Financial Market. DAMAC Hotels and Resorts deals with hospitality in the company’s portfolio, which operates hotels, hotel apartment complexes and serviced villas, under the following brands, DAMAC Maison Royale, DAMAC Maison Mall Street, DAMAC Maison Canal Views and DAMAC Maison Cour Jardin. DAMAC Properties has recently bagged four Africa and Arabia Property Awards. The awards are part of the International Property Awards that acknowledge the excellence of residential and commercial Property companies globally. Subscribe on Sajwani’s Youtube channel.
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