All The Week

Real Estate Magnate: Hussain Sajwani

Hussain Sajwani is one of the household names in the global real estate and food services industry. The 63 years-old entrepreneur was born in UAE. He graduated from the University of Washington with a Bachelor’s degree in Arts (Economics). Immediately, he ventured into the real estate business industry first as a contracts manager in GASCO, an operating branch of the Abu Dhabi National Oil. He later established his own business empire under the brand, Draieh Management Services Co (DAMAC) LLC in 1982. The company changed its name to DAMAC Group, which operates a portfolio of companies mainly in the luxurious real estate and food service industry.

Hussain’s success in business saw him establish the DAMAC Properties in 2002. The company is a subsidiary of the DAMAC Group, which focuses on residential, leisure and commercial real estate development. The company is headquartered in Dubai, and is one of the grounding figures behind the sprawling city of Dubai, including most of the high end buildings that groom the city. Seizing the opportunity of the government of Dubai that allowed foreigners to own property in Emirates in the early 2000s, Hussain Sajwani saw a great future in the real estate market. He resorted to purchasing land in the reserve surroundings of the Dubai City which was mostly desert at the time. A prudent economist and a futurist, Sajwani’s optimism has really paid off lucratively.

 

Being a giant figure in the real estate industry, he has partnered with several global billionaires with similar interest in the industry. Hussain Sajwani has partnered with the current US President, Donald Trump, who also is an established global property developer. Way back in 2013 before even Trump showed interest in the US topflight job, the duo had already partnered to see the development of two Trump-branded golf courses which are yet to be opened. Their friendship has since been growing stronger to the bizarre extent that saw the two celebrate the 2017 New Year eve together in Florida.

 

Hussain Sajwani has also initiated several philanthropic moves; more notably the 2-million-dollar donation for AED. The donation was to see successful campaign to clothe over a million destitute children globally.