DAMAC Properties: Hussain Sajwani’s Magic Carpet

BUSINESS ACHIEVEMENTS

Hussain Sajwani leads ‘DAMAC Properties‘ as its founder, owner and board chairman. He established the real estate development firm in 2002 as an insightful business strategy. The leading body of the United Arab Emirates (UAE) had announced the expansion of real property trade to include global investors. Hussain foresaw that he could build properties for a much wider share of the market. Also, foreigners would need help understanding and closing the international real property transactions.

This type of forethought, diligence and service shines forth throughout Hussain Sajwani’s life. His accomplishments are many. In 1981, he started his professional, corporate career as a contracts manager of a subsidiary of the well-known ‘Abu Dhabi National Oil Company.’ In 1982, he established his own food catering business known today as Global Logistics Services. As his catering business bloomed, he built hotels as an answer to executive housing needs for global business travelers. In 1991, Hussain Sajwani established the savings and holdings branch for his real estate vision and named it ‘DAMAC Invest.’ In 1998, he acquired the region’s sole tile manufacturing company, ‘Al Anwar Ceramic Tiles Company,’ which still functions as a key source of custom designs for his properties.

DAMAC PROPERTIES

As his real estate endeavours continued to grow from his 2002 founding of ‘DAMAC Properties,’ he became affectionately known as the ‘Trump of the Middle East.’ In 2006, Hussain Sajwani and his team completed his first UAE skyscraper, the ‘Dubai Marina.’ In 2010, he began the artistic collaboration with Versace Home designs for long-term accentuation of his worldwide, real estate development projects. In 2011, he expanded ‘DAMAC Properties’ by launching a multi-unit, multi-property division for his hospitality business. He named it ‘DAMAC Hotels & Resorts.’ Since then, he has received industry awards such as Property CEO of the Year for the years 2013, 2017 and 2018. He was honored amongst the 2017 Top Most Influential Persons in Dubai, and the 2018 Forbes list of top Arabic billionaires.

PHILANTHROPIC PARTICIPATION

Hussain Sajwani feels strongly about enhancing the conditions of his communities and its members. As part of his personal commitment to the well-being of others, and in keeping with the initiatives of the global ‘Sustainable Development Goals’ of the 2015 United Nations agreement, Hussain Sajwani answers philanthropic calls, as well. He provides millions to the ‘Red Crescent’ organization. He gave two million units of currency in support of the UAE’s aim to teach one million Arab youths the essentials of coding language as preparation for the future. He also regularly gives to numerous other charitable foundations that assist the less fortunate against all manner of poverty including challenges regarding hunger, clothing, healthcare and housing. Hussain Sajwani is a husband, father, entrepreneur, mentor, community leader and self-made billionaire.

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