Damac Properties is among the most successful real estate development companies in the Middle East. The Damac owner, Hussain Sajwani, has been described by U.S. president Donald Trump as an amazing man. People who have done business with him or watched his meteoric rise agree wholeheartedly. A University of Washington graduate, Sajwani began his business career working with Abu Dhabi National Oil Company subsidiary GASCO as a contracts manager. In 1982 he saw a business opportunity in food service and started a catering company. Soon afterwards the U.S. military became one of his clients.
When the government of Dubai decided foreigners could by property in the country, Hussain Sajwani saw another business opportunity. In 2002 he founded Damac Properties and began developing real estate and selling it to foreigners. Today the company has almost 2,000 employees, has sold over 16,800 homes and has an additional 44,000 units in the development pipeline. Damac Properties and Hussain are internationally known for luxury property development. The company is now publicly listed and shares are available on Dubai’s financial market.
Sajwani’s development work in Dubai is credited for the country becoming known all over the world for its amazing, innovative commercial and residential buildings. Damac Properties is also responsible for a number of incredible real estate development projects in cities like Abu Dhabi, Amman, Beirut, Doha, Jeddah, London and Riyadh. Sajwani has also developed golf course with Donald Trump and Tiger Woods. DICO Investments Company is another of Hussain Sajwani’s lucrative businesses. The financial services company does mergers & acquisitions and private equity and manages Sajwani’s holdings in publicly traded companies.
Sajwani’s impeccable reputation for real estate development recently led Damac Properties to get a billion dollar contract to create a tourist development on the waterfront in Oman. In addition to business, the Hussain Sajwani family is also known for its charitable work. Sajwani recently donated two million dollars as part of a fundraising project. The money is to be used to provide clothing for needy children. It is just one of the many charitable causes to which Hussain Sajwani lends his financial support.