DAMAC Properties was founded by Hussain Sajwani in 2002. DAMAC is a residential and commercial real estate company based in Dubai, UAE, but has other offices in the Middle East. Hussain Sajwani has a business relationship with the U.S. President Donald Trump through his real estate firm, Trump Organization. The two real estate entrepreneurs have partnered to develop the Trump International Golf Club, which has made close to $2 billion in sale of luxury villas. Hussain Sajwani family and that of Donald Trump are said to have a good relationship since 2013 when they started working together. However, after his election as the President of the United States, Trump has promised not to venture into new businesses while in offices.
Career History of Hussain Sajwani
The DAMAC owner began his career in the public sector, but it was only short-lived as he left employment to venture into the business world. He began a catering business in Abu Dhabi, which later expanded to the Gulf region. Eventually, it became prominent as among the biggest catering firms in Asia. The firm was contracted to supply food to the U.S. military in Iraq, Bosnia, Afghanistan and Somalia. Hussain Sajwani’s firm has also supplied multinational companies within the oil and gas industry. He studied at the University of Washington and received Bachelor of Arts Degree in Industrial Engineering & Economics. Sajwani still operates the catering firm even today.
Philanthropic Initiatives Supported by Hussain and DAMAC Group
A few years ago, Hussain Sajwani and his firm DAMAC Properties donated AED two million to support a campaign to clothe one million needy children in the world. The initiative is part of the company’s commitment of supporting the government of UAE in its effort of ensuring thee standard of living is improved around the world. This initiative was started by UAE Red Crescent, and Mr. Sajwani has contributed large amount of funds to help the organization achieve its goals.
About DAMAC Properties
Hussain Sajwani is estimated to have a net worth of $3.8 billion. In the last 15 years, the businessman has invested heavily in the real estate industry, specializing in development of luxury properties. Towards the end of 2011, DAMAC Properties inaugurated DAMAC Maison, a hospitality facility that was expected to be completed in 2016. The facility has close to 8,000 serviced hotel rooms. There is another property under construction, Trump World Golf Course expected to be opened before the end of 2018.
Official website: https://hussainsajwani.com/