Hussain Sajwani is a renowned real estate guru with international recognition. Upon completing his undergrad at the University of Washington, he joined GASCO as a Contracts Manager. He left in 1982 to start his own business in the catering sector. The business catered for US military in Somalia and Bosnia as well as American construction company, Bechtel. Hussain Sajwani spotted an opportunity in the real estate sector. He realized that he could make billions in real estate as compared to the food service industry that made millions. Hussain viewed foreigners who visited the Emirates as a good market for this venture. He, however, retained the catering business as a reminder of his capability to grow businesses.
Transition to Real Estate
His first project in the real estate arena was the construction of some hotels that provided accommodation to the foreigners. When the Dubai government allowed noncitizens to own properties, Hussain Sajwani took the opportunity to start his firm, Damac Properties. He settled in a non-developed land that he used to construct a 38 story building. He sold the apartments in a short time, which elevated him more in the sector. Since then, Damac Properties has teamed up with top players in the industry to create luxurious properties over the years. His efforts in the field have helped shape Dubai as one of the most preferred destination. Some of the partnerships Damac Properties have taken up include one with Donald Trump’s real estate company. The two firms came together to construct two golf courses. One of the courses situated at the Akoya residential development was opened in February this year. The other golf course is designed by Tiger Woods and will be complete by end next year.
Since his catering business days, the Damac owner has made good relationships with prominent people. One such relationship is with Donald Trump who is not only a business partner but a personal friend. This friendship pours down to their families as evidenced by the Donald Trump’s New Year’s speech. He termed the Hussain Sajwani Family as the most wonderful people. Hussain Sajwani is also philanthropic in nature. He has led Damac Properties in several charity events, including the Ramadhan Initiative. This project clothes needy children across the world.
Visit http://www.damac.com/ to learn more.