DAMAC owner Hussain Sajwani has built a reputation for himself not only within his home emirate of Dubai but beyond as well.
The multi-billionaire whose net worth is around $3.8 billion is best known by many for the property development that his company has engaged in.
Hussain Sajwani grew up in Dubai, was educated at the University of Washington, and started his career in the finance department at Abu Dhabi Gas Industries.
Growing up, he had seen what being an entrepreneur was like; his father had been a shop owner who specialized in selling imported goods. That early exposure to owning one’s own business had an influence on Hussain Sajwani; two years after starting his career, he opened his own company.
The first company that Hussain Sajwani started was not in property development. Rather, he got his self-employed start in the food services sector. Read more: Hussain Sajwani | Twitter and Hussain Sajwani | Forbes
He found great success with that first company, and he retained ownership after it even after establishing the extremely successful DAMAC. Today, the company is known as Global Logistics Services.
Hussain Sajwani saw opportunity in changes to Dubai property law. These changes opened up property ownership to non-emiratis–and set the stage for DAMAC to be established in 2002.
Foreign buyers were the target audience for the company from its very first project, which was a high-rise apartment building.
That first project spearheaded by Hussain Sajwani helped to establish a firm foundation for the newly minted DAMAC. All units were sold out before DAMAC had even undertaken construction on the building.
Today, DAMAC is one of the largest property development companies in the Middle East. It is a name recognized also on a global scale. Two projects in particular have captured attention outside of the Middle East: two Trump-branded golf courses.
The work done by DAMAC on those two golf courses helped to create a bond between Hussain Sajwani and Donald Trump.
The two have been on good terms, and their families have become close. Hussain Sajwani has also expressed a desire that DAMAC be able to team up with Trump on more projects in the future.
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