Hussain Sajwani has been featured in the Forbes magazine as top ten wealthiest men in the world. He has been branded as the Donald Trump of the Middle East. And all these are attributed to his real estate business DAMAC properties. Hussain Sajwani is the founder of DAMAC properties one for the most successful development firm in Arab as well as across the globe.
The company has established luxurious hotels, residential homes as well as business rooms in Dubai, London, Kuwait, and Beirut. Hussain is always looking to expand his business and is currently working on projects to establish about 10 000 units in the DAMAC hills.
Hussain’s skills in business have proven to be exceptional since he has managed to rise even after experiencing failures. In 2008. There was a crash in the real estate industry. This crush affected many businesses, and many development companies strained in getting back to their feet. However, for Hussain the fall out made DAMAC even stronger than before.
According to https://arabi21.com/, Hussain Sajwani attained a degree in economics and industrial engineering, soon after completing his studies. Hussain joined a financial institution and worked for a while. He then took the bold step and decided to quit to establish his company.
Hussain’s first business a catering company led to the emergence of DAMAC properties. While working in the catering venture, Hussain identified a gap in the hospitality sector. There was a growing need for hotels as Dubai was slowly rising to become a popular destination for tourists. It was also growing, and many business people needed a place to rest during this trip, and this triggered the construction of hotels.
From the hotels, Hussain has grown to be a key developer not only in luxurious hotels but also apartments. DAMAC property has experienced significant growth since it’s establishment and it 2017 was ranked as the fourth largest developer in Arab.
Hussain is not only recognised for his entrepreneurial ventures but also his philanthropic acts. Hussain and his company DAMAC properties have taken part in funding some organisations with feeding programs. Hussain believes in giving back to the community and bringing positive change to the less fortunate. (Reference: http://www.alkhaleej.ae/)