Dubai is known to be the hub of modern architecture. This can be attributed to the likes of brilliant real estate titans such as one Mr. Hussain Sajwani. He is the founder of DAMAC properties that offers expertise in engineering, construction, architecture and assets. Established in 2002, the company has expanded from Dubai to North Africa, Jordan, Lebanon, Qatar and Saudi Arabia.
Mr. Sajwani did not begin his journey to becoming a billionaire as a realtor. In 1980, he got into the food business; offering catering services to workers in the energy sector in Abu Dhabi. Being a vibrant entrepreneur, he thrived in the firm.
When the first war of Iraq commenced in 1991, Hussein Sajwani offered food service to the United States Army. This gave him an opportunity to make friends of high ranking. In fact, he credits his expertise in cultivating great friends to the food business. The food company exists to date under DAMAC Holdings.
In 2002, Mr. Sajwani’s knack for business made him realize that real estate was the future. It is then that he established DAMAC properties. Mr. Sajwani had previously developed some mid-market hotels in Deira in line with his food business. However, when he began developing resources under his firm, DAMAC properties, they were a far cry from anything he had done before. Not only did they produce top of the range properties, but they went all out and flair on the marketing strategy. At one point, DAMAC Properties was giving a free Bentley for every luxury apartment purchased.
Hussain Sajwani happens to be a great friend to President Trump. They even celebrated New Year’s Eve together at Mar-a-Lago. Their friendship goes way before he became president as they had collaborated on various businesses including the Trump International Golf Course projects. Mr. Sajwani says that their friendship surpasses the cold business relationship and this was reinforced at the New year’s celebrations when President Trump referred to Mr. Sajwani’s family as a most “beautiful people.”
DAMAC Properties recently gave a donation totaling to AED Two million in a campaign to clothe a million deprived children around the word. While handing over the cheque, Mr. Sajwani highlighted the importance of providing a most conducive environment for every child around the world.