Hussain Sajwani is the current Chairman and founder of DAMAC Properties a global property development company based in the United Arabs Emirates. He is among the wealthiest individuals in the world with a net worth of more than $4.1 billion making him the 4th richest Arab.
Hussain is University of Washington graduate who began his career as the Contracts Manager in GASCO. Shortly, he started his own firm before he began his catering venture in 1982. According to a report by Forbes 2017, DAMAC Properties is ranked as one of the fastest growing property companies in the world. The company has an annual growth rate of revenues of more than $1 billion.
According to akhbarak.net, Hassain started DAMAC Food Services after he graduated from the University of Washington with a Bachelor of Arts in Industrial Engineering and Economics. The company was so successful that he would later expand into the real estate industry in 2002. Among his early clients were the US military as well as the construction Bechtel.
He shifted his base in Dubai when the Saudi government announced that it would allow foreigners to legally buy as well as own freehold property in designated areas. Following the enactment of the Dubai Freehold Law, he bought land and started to construct a 39-storey residential building.
DAMAC Properties develop luxury residential and office blocks in Dubai. The company has more than 2, 000 employees. It has also developed more than 44, 000 units. In Middle East, DAMAC Properties is viewed as a leading luxury property developer.
It is imperative to note that DAMAC Property does not only develop residential luxury properties but also recreational and commercial developments. It was involved in the development of the Trump International Golf Course Dubai, DAMAC Towers which is Holly-wood-inspired, and the Trump World Course.
Today, Sajwani plays a critical role in the development of DAMAC Properties. Moreover, he still plays a greater role in charity work through the Hussain Sajwani – DAMAC Foundation. His success in life and business is an example of how education and hard work can lead to massive success.