Hussain Sajwani – Making Damac Group One of the Largest Real Estate Firms in the World

The architectural landscape of Dubai is among the best in the world, and it all due to the efforts made by the real estate firms operating in the country. One of the leading real estate development companies in Dubai is Damac Properties, which was founded in the year 2002 by Hussain Sajwani. The company has grown to become one of the top three real estate firms in the country and develops unique and luxurious commercial and residential projects. Hussain Sajwani, the founder of Damac Group, is the third richest person in the country with the fortune estimated to be around $3.5 billion dollars.

 

 

Hussain Sajwani road to success started when he relocated to Dubai after completing his studies in the United States. Hussain Sajwani studied Economics from the reputed Washington University and even did the job at Gasco as a contracts manager for a while. However, he realized soon after joining the job that salaried work is not for him and he started his firm by the name of Al Jazeera Services, which is catering company that continues to supply 150,000 meals a day and manages over 200 projects at the moment. However, after realizing that the real estate market in Dubai has tremendous potential, he shifted back to Dubai and purchased a plot on the city’s outskirts. The first 38-story residential project he designed was sold off within just six weeks, and this marked the beginning of the Damac Properties as we know today.

 

 

Damac Group operates not only in the United Arab Emirates but has developed projects in Jeddah, Beirut, South Africa, London, the United States, the United Kingdom, and more. Damac owner continues to find new ways to expand the company’s operations in other countries where the real estate market is fast developing. Hussain Sajwani is a close ally of the United States President, Donald Trump. Since, both of them have worked together on many projects in the past and continues to work on several projects under development in Dubai, they know each other well. Moreover, Hussain Sajwani family also knows the Trump’s family well, and are often seen spending time together.

 

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