Hussain Sajwani of the DAMAC Group
Hussain Sajwani is the founder, Chairman, and Chief Executive Officer of Dubai-based DAMAC Group that is operating in more than twenty countries. Sajwani is known as a successful entrepreneur with three-decade-experience of pioneering enterprises. When it comes to property development, Sajwani is considered an expert is having sound knowledge of administration, finance, legal issues, sales, and marketing. All these factors play a key role in the success of DAMAC Group that is currently working on large projects in cities like Riyadh, Jeddah, Beirut, Amman, Doha, Abu Dhabi, London, and Dubai. Hussain Sajwani has a record of being a successful investor and businessman in capital markets and global equity. In several international and regional markets, he holds investment portfolios.
Hussain Sajwani is on the Board of several organizations like Bahrain-based Al Ahlia Insurance, Abu Dhabi-based Emirates Takaful Company, New York-based JUNO Online, and Muscat-based Majan University College. He is also considered one of the pioneers of Dubai property market expansion. In the decade of nineties, he realized the influx of people coming to the UAE for reasons like trade and business. As a result, he constructed many hotels for accommodating the incoming people. In 2002, he founded DAMAC Properties after identifying the marketing opportunity. Today, DAMAC Group is considered Middle East’s biggest property development company. The company has more than two thousand employees, and its shares are successfully traded on Dubai Stock Market.
Hussain Sajwani and Donald Trump have a strong business relationship. DAMAC Group and Trump Organization are working on new deals. Trump International Golf Club is one of their major projects where luxury villas were quickly sold, and an amount of two billion dollars was earned. Sajwani said Trump’s children are very much involved in the business with him, and Trump’s presidency will not affect it. The two real estate tycoons celebrated the New Year’s Eve together at Mar-a-Lago. Sajwani is involved in many philanthropic activities. Four years ago, he donated a huge amount to provide clothing to deprived children in every part of the world. It is believed that Sajwani’s donation would help to provide warmth and clothing to more than fifty thousand needy children.