Dubai is known worldwide for its skyscrapers, luxurious hotels, and highly developed real estate industry, which continues to flourish and astonish the world. Many companies operate in the massive real estate market of the Middle East, but one of the businesses that have made a tremendous impact on the real-estate industry of Dubai is Damac Properties. The Damac Properties was started by the highly successful businessman and entrepreneur, Hussain Sajwani, in 2002.
Damac Properties is known to develop some of the most lucrative projects in the United Arab Emirates in both the residential and commercial real estate space. The properties developed by Damac Properties are known to be unique and highly luxurious, especially because they are mostly designed by international designers such as Fendi, Versace, and others. The company uses the expertise of many international design firms to ensure that the outcome is unique and has something new to offer the modern consumers of today.
According to Saudi Projects, Hussain Sajwani is listed by Forbes as the third-richest in the country and has an approximate net worth of over $3.8 Billion, an amount that is expected to grow in the time to come as Damac Properties is growing at a steady pace year after year. Hussain Sajwani has also been able to multiply its revenue due to his strategic investments in the global equity markets. DICO Investments is an investment firm started by Hussain Sajwani to take care of the investments made by him and his firm, Damac Properties.
DICO Investments also continues to research and look out for lucrative investment opportunities in the local and global stock market and in the real estate sector. Damac owner is also known to be a highly generous philanthropist and have contributed millions over the years to help local communities and aid people in need. He recently made a huge donation of AED 2 Million in a humble initiative to provide clothing to one million underprivileged children worldwide.
Hussain Sajwani understands the real estate industry inside out, and it is what helps him make the strategic business development moves that keep Damac Properties on the forefront of the real estate industry. Damac Properties has also worked with Trump Organization in the past and continues to collaborate on golf course based residential complexes under development in Dubai currently. Hussain Sajwani has shared friendly and cordial relationship with Donald Trump, United States President for long, and Hussain Sajwani family also knows Trump’s family well.