How Hussain Sajwani is Shining his Star Brighter in Real Estate Sector

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.

Official source: https://www.cnbc.com/

Hussain Sajwani’s Venture To The Property Market

The name Hussain Sajwani is a well-known name in the Property market. The University of Washington graduate began as a Contracts Manager for a subsidiary company of Abu Dhabi National Oil Company by the name GASCO. Later on, in the year 1982, the DAMAC Owner went into the catering industry. His venture grew exponentially to a market pacesetter in the catering industry serving a whopping 150000 meals a day and having over 200 projects under its name.

All these projects were undertaken in markets across Africa, the Middle East and CIS, the venture also served army camps, educational institutions as well as taking part in the provision of ancillary services such as manpower supply and camp management.

Arabi21 mentioned that aside from venturing in the catering business, in the mid-90s Hussain Sajwani pioneered property expansion in Dubai by building several hotels due to the growing number of people moving to the emirate for trade purposes. This new venture drove him to establish DAMAC Properties in the year 2002 leading it to become a world pacesetter in building visionary structures.

DAMAC currently has approximately 2000 employees and is listed on the Dubai Financial Market. Apart from having iconic luxury projects across the United Kingdom and the wider Middle East, DAMAC Properties has partnered with different reputable companies to create amazing properties. Among the joint ventures done is with the Nine Elms Property Limited which is a subsidiary company between two companies; DAMAC Properties and Hussain Sajwani’s property company from which the iconic AYKON London one.

As a major shareholder in DAMAC Properties, Hussain Sajwani through his company DAMAC is currently developing a billion-dollar tourist port by the name Mina Al Sultan Qaboos through a joint venture with Omran. The project constitutes of hotels and residences just to mention but a few of what to be expected. Another flagship under the DAMAC Owner is DICO Investments Co LLC which was founded in 1992.

The DAMAC Owner chairs Al Anwar Ceramic Tiles Co. AL Anwar is by far the largest ceramic tile manufacturer in Oman having the first company to ever manufacture ceramic tiles. Al Anwar was established in 1998 and its products have been branded “Al Shams.’

Website: https://hussainsajwani.com/ar/profile/

Exciting New Real Estate Projects Coming to New York City

New York City is always awake, and it is always changing. Supporting all of the changes is a vibrant real estate industry. In June of 2016 there were many new real estate projects proposed including new office buildings, new grocery stores, new hotels, and new residential developments.

Most of the proposed new development in New York City was for high rise office buildings. New office buildings are set to go up in Manhattan, Queens, Flushing, and several other neighborhoods. Residents of Brooklyn are very excited to hear plans of a new Wegmans supermarket being built in Admiral’s Row. There are also plans for a new hotel in Midtown East.

Luxury Real Estate is always a busy market in New York City, and over the past five years TOWN Residential has set the standard for customer service in the luxury market. TOWN Residential specializes in luxury residential leasing and sales. They also work with leasing and sales in new property developments.

TOWN Residential is a partner of Thor Equities, the owner of the new Red Hook waterfront site at the former location of the Revere Sugar Refinery, and an expert in NYC luxury real estate. A feasibility study was conducted for creating a mixed use development on this site. TOWN Residential would surely bring its unsurpassed knowledge and professionalism to this project if it goes through.

It’s an exciting time to be involved in New York City real estate. Large scale buildings are popping up in established neighborhoods, and up and coming areas. Real estate in New York City never sleeps!