Famously dubbed the Donald Trump of Dubai, Hussain Sajwani is an emirates billionaire property developer who founded real estate Company, DAMAC properties. Hussain is one of the world’s richest people according to Forbes, 2017. Born to an entrepreneur father, Sajwani became one of the few students to receive a government-funded scholarship to the United States of America. He went on to get a degree in economics and engineering from the University of Washington.
In 1981, Hussain started out his career at the Abu Dhabi Gas Industries’ finance department. In 1982, Sajwani started his own catering venture through which he supplied to clients including the United States military and Bechtel. The catering service is still functional but is now known as Global Logistics Services. In 2002, the DAMAC owner discovered a niche in the property market in Dubai. With this idea, Sajwani founded the DAMAC Properties, a global real estate development company based in the United Arab Emirates where he is currently the chairman and Chief Executive Officer.
The very first projects of DAMAC Properties were centered on the provision of accommodation for people who came to Dubai either for business or leisure. DAMAC Properties is currently among the largest property development companies in the Middle East. Since its inception, DAMAC has developed over 19,000 apartments and has over 44,000 units currently in different stages of construction. DAMAC has also seen to the development of various big-name properties like the Paramount Hotels and Resorts by Paramount Picture, houses in partnership with Versace and Bugatti and a Tiger Woods-designed golf course managed by the Trump Organization.
DAMAC properties and the Hussain Sajwani family are very philanthropic. In 2013 the company donated AED 2 million to support the “clothe a needy child” campaign started by HH Sheikh Mohammed Bin Rashid Al Maktoum. The campaign focuses on providing clothing for over 1 million needy children around the world. DAMAC Properties has also partnered with other organizations in the Middle East in contributing to the noble course of helping underprivileged children all over the world. Hussain Sajwani was named one of the world most influential people in 2017. Learn more: http://www.thenational.ae/business/industry-insights/property/damac-chairman-relishes-his-roots