A visit to Dubai with a drive along the canal and a walk under its magnificent high rise buildings, and a passing through the financial district will give you a look at the work of DAMAC Owner Hussain Sajwani. Sajwani is one of the world’s wealthiest investors who is continuing to find bigger and better projects each year while building not only in the UAE but also in Lebanon, the UK, Maldives, and even in North and South America. He’s brought in designers from some of the top home interior brands including Versace, Bugatti and the Roberto Cavalli Group, but most importantly he has done an outstanding job with DAMAC Properties’ asset management. Sajwani’s developments and financial acumen have brought him several recognitions including “CEO of the Year” and “Real Estate Legend” from Arabian Business magazine.
Hussain Sajwani built his holdings over the course of 35 years starting out with a catering company. He was a contracts manager for the GASCO subsidiary of an Abu Dhabi oil company when he first opened the catering business, and over the next 10 years it generated millions in revenue. Hussain Sajwani started moving from there to private equity investing and then buying building supply companies and then entering real estate by buying small scale hotel properties outside of Dubai. But as his assets increased, he realized he could build large properties as the tourist market grew, and he became DAMAC owner in 2002 with the goal of doing just that.
The first two properties Hussain Sajwani (@hussainsajwani) completed as DAMAC owner were the Park Towers in the financial section of Dubai, and his seaside housing at Marina Terrace. The return on investment he gained led to the building of major 5-star properties at AKOYA Oxygen, the DAMAC Towers with one in Dubai and the other in Beirut, a multi-million dollar city within Dubai know as AYKON City and several major freehold units as part of the Trump Estates. Sajwani and current US President Donald Trump have been close friends for some time and both have turned Dubai into a top golfing location through construction of the Trump International Golf Club and the upcoming Trump World Resort.