Hussain Sajwani established Damac Properties, a residential real estate, in 2002. He took advantage of the Dubai government verdict that permitted outsiders to own properties in the Emirates.
Sajwani bought land in an undeveloped part of town and developed it. Furthermore, in less than six months, Hussain Sajwani managed to sell units in his 38-story residential buildings.
In 2013, Hussain collaborated with Donald Trump, America’s president-elect, to develop two golf courses named after Trump. The Trump International Golf Course Dubai was inaugurated in February 2017 while the other Trump World Golf Courses will be opened at the end of 2018. Read more: The Rise and Rise of DAMAC
Donald Trump praised Hussain Sajwani in a press conference after he was elected as the president of the United States. Donald cited that he turned down Sajwani’s offer of a $2 billion real estate contract.
Damac Properties is an international company that develops residential, commercial, and leisure properties in the Middle East and Dubai. Hussain Sajwani is the founder of Damac Properties.
The headquarters of the company is in Dubai, the United Arab Emirates (UAE). Damac Properties has principles such as retaining of cash reserves and independency of escrow accounts. Additionally, the company does not hold debt for land.
Career Experiences of Hussain Sajwani
Hussain Sajwani initially owned a food service business. His clients included the United States Army. Sajwani also worked with Americans in Somalia, the Gulf, and Bosnia.
Further, his food service business is part of the Damac Group, since it acts a reminder of his first business expertise as well as his abilities to nurture important friends all over the world. Sajwani is implementing skill from his first business to gear up Damac Properties by benefiting from the recovery in the UAE property prices. Learn more about DAMAC owner: http://gulfnews.com/culture/people/high-riser-1.25193
The Generosity of Hussain Sajwani
Hussain Sajwani is a leading cheerful giver. He supported the campaign to clothe a million poor children all over the world by issuing a cheque worth AED two million. The contribution of Hussain Sajwani showed his company’s continual support for the Dubai government that aimed to improve people’s standards of living all over the world.