DAMAC Properties, a worldwide real estate development company, was founded by Hussain Sanjawi. Sanjawi studied Economics and Industrial Engineering at the University of Washington. He began his career in 1982 in the catering industry. The company has served more than 150,000 meals a day in locations including Africa and the Middle East. He also took on challenges with the real estate property development in 2002 when expansion began to accelerate in Dubai.
The company has developed more than 17,000 homes in areas such as London, Riyadh, Jeddah, Beirut, Amman, Doha, Abu Dhabi and Dubai. The company also maintains a portfolio of more than 44,000 units at various stages of planning and development. Te growth of the company is due to Hussain Sanjawi’s leadership and entrepreneurial vision and has the ability to take his vision from concept to reality. His leadership style is all responsible for maintaining such growth.
As a youth he spent time after school working in the family business. Never one to be afraid of taking a risk, he sold time share apartments while in college and would eventually become the financial source to start his own company. He came to the realization that he could make more money working for himself and started a catering business. He also had an interest in real estate and he began his foray into that industry by developing small hotels and that became the funding source to develop towers in Dubai.
Hussain Sanjawi typically starts each day by meeting with his management team and being updated on the status of the various projects in progress. He looks at areas with potential and envisions what they will look like 10 to 20 years down the road and put time and effort into making his vision becoming a reality. He finds the digital age and social media to be very exciting and uses both as a tool to enhance marketing and communication efforts.
The early part of Hussain Sanjawi’s career and that spawned the idea to start his own company. He sees that time working for someone else as a stepping stone to where he is today. He takes failure as a learning experience and failure is just as important as success. He credits part of his success with the ability to empower his team and giving them the flexibility and latitude to do what they do best.