Category Archives: People

Hussain Sajwani Is The Pattern For Success

Hussain Sajwani could be the ultimate in the eyes of the world when it comes to a person who is able to capitalize on the next best thing, but he will tell you that early in life he had some doubts. It all began when he worked for his father in the family business in Dubai. His father forced him to work very long hours after school, which made young Hussain wonder if life as a business owner was worth it.

 

However, as he looks back, he states that these formative times held him in good stead as he really learned how to work hard and become organized. He went on to college and eventually graduated with degrees in Engineering and Economics.

 

Sajwani’s first real business opportunity came about as a food service operation where he worked for Americans in many different places such as Somalia, in the Gulf States and in Bosnia. He was also heavily invested in working with the US Army during Desert Storm for which he received various commendations for the excellence of the service.

 

In 2002 formed the DAMAC company which was and is a real estate development and management company. From a very inauspicious beginning, he quickly brought the startup into a rapidly growing concern with his penchant for aggressive marketing and promotion. The organizational skills he learned with the food service operation were valuable as he had to organize and develop DAMAC to the dynamic company that is has become today.

 

Mr. Sajwani properly forecasted a rapid growth in the real estate market when it was announced that the UAE would allow foreign nationals to purchase and own property in the Emirates. Today his vast array of apartments, hotels, and resorts are a testament to his abilities. He has even partnered with Donald Trump, prior to his running for President of the US, to build Tiger Woods-designed golf courses in a few of the more luxurious resorts.

 

DAMAC has focused on the high end of the residential real estate market in Dubai and in the middle east. With such brands as Versace, Bugatti, and Fendi Interiors, the result has been an overwhelming success of luxury accommodations. People are very eager to do business with DAMAC because of the high quality of living that is achieved.

 

In the company mission statement, it reads that DAMAC desires to deliver the utmost in luxury living to investors. It goes on to say that the company seeks only the highest qualified architects, engineers, and designers for the company’s projects.

Hussain Sajwani Has Built the Miracle Company

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.