**UPDATE JULY 7/10**
The Rise of Hussain Sajwani to Business Success
Hussain Sajwani is a 64-year-old real estate tycoon based in Dubai in the United Arab Emirates. The University Washington Bachelor of Arts and Science graduate is the founder and Chairman of DAMAC group of companies. DAMAC is a global property development company which deals with real estate development. Its headquarters are in Dubai. The company takes pride as the leading provider of luxury real estates in the Arab Emirates since 2002.
To achieve what he has today, Damac owner rose from humble beginnings as a contracts manager in GASCO as an employee. GASCO is a subsidiary company of Abu Dhabi national oil company. After his short service in this firm, he quit and started his business.
He later moved to Dubai after the country’s government allowed foreigners to own property in the United Arab Emirates. Hussain is a citizen of United Arab Emirates and lives there together with his wife and four children. According to Forbes latest release, his estimated net worth is $4.4 Billion. The Hussain Sajwani family business has expanded its scope of business to include subsidiary companies such as DAMAC hotels and resort credited for providing a state of the art spa services not only in the Arab world but worldwide. The company offers first class a service from it’s over 2000 highly qualified staff. A remarkable achievement is when the company managed to list on the London stock exchange. It did not only take pride in being the pioneer of the Arab world to trade in this market but the fact that this venture raised $380 through a global depository receipts program in the form of an IPO.
DAMAC properties have completed numerous residential and commercial award-winning projects in Dubai, Abu Dhabi, Qatar, and Saudi Arabia among others. Among its other reputable achievements is the DAMAC hills golf community. The construction is an ultra modern golf community development situated in Dubai land. It stands on a 42 million square foot and comprises mansions, villas, and apartments. There are also many leisure retail facilities located within. This facility was recognized as one of its kind at the international property awards held in London late 2016.
It is the ultimate goal of every professional investor to succeed in his line of preferred investment. However, it is quite a tough task to maintain the success over time. Hussain Sajwani, the owner of DAMAC, is a real estate investor and developer who has spanned and maintained a successful career in the properties development industry.
The DAMAC owner is a patriotic citizen of the United Arabs Emirates. He commenced his career as a Contracts Manager at GASCO Oil Company, a subsidiary of Abu Dhabi Oil. Before venturing into the job market, he had attended Washington University for his college education. Read more: Hussain Sajwani Family | Celeb Family
To exercise his skills in entrepreneurship and management more freely, he resigned from his post in the oil company to pursue his dream in the hospitality sector through offering catering services. He had a passion for the industry, and it did not take him long to build a name for himself.
Later on, after a critical analysis of the Dubai trade and business market, he identified a gap that needed bridging. An increased number of business people were streaming in the Emirates all through the year. Seizing the opportunity, he built elegant hotels and resorts to cater for the hospitality needs of these visitors, which turned out to be a worthwhile endeavor.
Hussain Sajwani family investments go far and wide. He has invested a large chunk of his finances in the capital and global securities market. Hussain established DICO Investments as his first investment company. Soon enough, his entrepreneurial eye spotted a niche in the building and construction industry.
He expanded his business limits to Oman where he established two entities, Al Anwar Ceramic Tiles and Al Amana Building Materials that have taken the Oman market by storm. Moreover, his interest in the catering sector did not halt in the Emirates as he founded the Al Jazeira Services, a catering firm that has networked its services all over the Middle East and presently in Africa.
Hussain is a strong global figure in the properties industry and has caught the attention of top personalities in the world like Donald Trump. They both run real estate businesses and have partnered with their organizations in the construction of Trump International Golf Course.
His DAMAC Properties came into force in 2002. It ventures in the properties and real estate developments. Its development revolves around commercial, leisure, and residential properties with its headquarters in Dubai.
DAMAC Properties has developed a hospitality division, the DAMAC Maison, purposed to offer bespoke services to residents. It has also donated two million AED to help clothe underprivileged children in the world.
The organization has witnessed extensive growth in the Middle East developing with each new day under the leadership of Hussain Sajwani.
Learn more about Hussain Sajwani: https://www.linkedin.com/in/hussainsajwani