Hussain Sajwani is the founder and CEO of DAMAC Properties, a Dubai real estate development company that has literally taken the world by storm. DAMAC has been ranked number one on the Forbes 2017 Global 2000 list as the fastest growing company globally based on the compound growth rate annually for revenues from 2013 to 2016.
That is quite a feat for anyone, let alone for a young boy working for his father as a teenager after school, and telling his father that he would never be a self-employed businessman. Sajwani worked long hours and figured that it would be better to be a doctor or an engineer so he could work normal hours.
As things developed, Hussain did attend college at the University of Washington in the USA and earned a degree in engineering. He actually worked for an oil and gas company in Dubai for a short time. That ended, however when he discovered an opportunity and then acted on it.
He formed a catering company that sold food to the US Army during the Gulf Wars and he did very well, indeed. That business is still in operation and making profits still to this date.
DAMAC was formed when the UAE announced that it was relaxing the immigration rules in order to allow foreign nationals to immigrate to the country and take up residence. Sajwani correctly perceived that this was going to cause a real estate boom which is of course, what actually occurred.
As things progressed, things looked like DAMAC was going to turn into what the Hussain Sajwani family would their reality and destiny. Sajwani got off to a fast start, as his first project was sold out completely before the construction was even started. Sajwani is a very proficient marketer and promotion specialist and the DAMAC brand was all over the countryside.
Soon, people got to know the DAMAC brand and the flamboyant DAMAC owner as more and more units were built, it seemed that more and more people wanted the luxurious accommodations. To date, DAMAC has built 19,000 apartments and there are another 44,000 in various levels of completion.
Sajwani shows no signs of slowing down, as he has several family members in key positions, poised to carry the torch far into the future.