Hussain Sajwani is an entrepreneur, real estate developer, and a philanthropist. He is the founder and serves as the Chairman of DAMAC Properties, which is a global property development company.
He attended the University of Washington where he graduated with a Bachelor of Science degree in 1981in the field of Economics and Industrial Engineering. He was among the first to achieve the government scholarships to study abroad. Read more: Meet Our Board | Damac
His first employment role was working as a Contracts Manager at Abu Dhabi Gas Industries Limited. A year later, he started his catering business which thrived under his leadership. In 2002, his life changed as he identified a market opportunity in real estate. This lead to the formation of DAMAC Properties which has become one of the leaders of the real estate development in the region.
DAMAC Properties has an impressive track record of developing luxury apartments boasting of a portfolio of over 17,000 completed houses with another 40,000 units to be delivered in the future. DAMAC Properties has also collaborated with other recognizable fashion brands in developing some of its projects.
The most famous collaborations are with Versace and Fendi which took care of the interior of some of the luxury apartments. DAMAC Properties has also collaborated with Bugatti which took the role of styling luxury villas and Paramount Hotels & Resorts. Another partnership that is proving to be profitable is with The Trump Organization which will manage the Tiger Woods golf course.
The Trump International Golf Club has been considered a success with over $2 billion in sales of the luxury villas. This is the most successful venture that Sajwani and Trump have undertaken. DAMAC Properties made revenue of $2.3 billion as gross profit with an estimated $1.2 billion as net profit in 2015.
DAMAC Properties is part of DAMAC Group which is a publicly listed company. The company deals in real estate, especially luxury villas, and apartments. DAMAC Properties has also engaged in hotels and other social and leisure resorts, such as the Tiger Woods Golf Course. Learn more about DAMAC Owner: http://www.damac.com/terms-of-use/
The company was formed in 2002, the company has consolidated itself in the market and managed to undertake more lucrative deals in the regions. Recently, it has been eyeing to develop properties in other parts with its primary focus in London. The company has over 2,000 employees, and its headquarters located in Dubai, in the UAE.
Hussain Sajwani is also a philanthropist. He likes to contribute to noble causes and giving back to the society. He has always encouraged young people to engage in innovations to curve their careers actively.