Hussain Sajwani is the global tycoon in the real estate development and construction business, and founder and owner of DAMAC Properties based in Dubai. He founded the company in the year 2002 when he moved to Dubai to take advantage of the flexible governments’ policy on the foreign land purchase. As per the government’s decree, it was possible for the foreign investors to acquire land in the country. However, thanks to the business acumen of Hussain Sajwani, who has done B.A. and B.S. from the University of Washington, he was able to sell the 38-story building within six months of purchasing land, even before the first brick for construction was cast.
Today, Hussain Sajwani is the third richest person in the United Arab Emirates, and his net worth stands at $3.4 Billion. His journey into the business world started with opening a food service enterprise, a company that he still owns. When in the food service sector, he through his experience and excellent business skills was able to score big clients such U.S. Military and Bechtel. DAMAC Group has headquarters in Dubai and has projects spread through the Middle-East and West, including in the major cities like Dubai, Abu Dhabi, Riyadh, Jeddah, Amman, Doha, London, Beirut, and many others. In totality, DAMAC Group is currently active in over 20 countries and is aiming to expand its global operations to many other nations.
Hussain Sajwani is also deeply interested in the stock market, and has a diverse portfolio, with massive investments made in both regional and international equity markets. His company is known for developing some of the key construction landmarks in the Dubai and other cities in the Middle East. For many of his real estate development projects, he has collaborated with international design companies such as Fendi and Versace to develop a unique architectural design that is functional and extraordinary at the same time.
One of his international collaborations that have been making news is his relationship with now President of The United States, Donald Trump, who is also the owner of Trump Organization. The partnership between Hussain and the President Donald Trump goes back way before the later became president, for the Trump International Golf Club and other construction projects.