DAMAC owner Hussain Sajwani is the founder and the Chief Executive Officer of the vast Damac assets. Damac assets are one of the biggest property developments companies that are found in the Middle East. He helped in orchestrating one of the ever world’s major most real estate’s bangs twice after the crash in 2008. He talks candidly about the ways he rebuilt the vast empire and his future plans.
Hussain Sajwani success is due to his formative years where he worked in the family shop with his entrepreneur father who sold goods that were exported from China. The lessons bore fruit because he is the tenth rich Arab in the world that is accordance to Forbes with estimate net amounting to $3.7bn. The Damac assets in 2017 were the Arab fourth largest public business in the world.Mr.Hussain Sajwani possesses of boldest structures in the Arab state. Since when it was formed the Damac assets has been able to develop 19,000 flats. The company was publicly in the list with shares that were trading on Dubai Finance Markets.
In 1978, Hussain Sajwani went to Seattle whereby he studied at the Washington University and he did industrial engineering as well as economics. The gap between Seattle and his country in terms of freeways mesmerized him which was a wakeup call for him. In 1982 he returned home, whereby he started his career. Within two years he got out and founded a catering project that came to be the region’s biggest logistic facilities. He has the entrepreneurial spirit is in the blood, therefore, he looked for an opportunity to start his venture.
Hussein Sajwani started his property project in 1996 whereby he constructed the first of his hotels based in Deira. In 2002 Mr. Hussein Sajwani founded the Damac group of properties where he was now ready to be a big player. He took advantage of the opportunity given by the government decree that allowed foreigners to be able to purchase properties on a freehold type of ownership.
Hussein Sajwani boosts of several awards that include being ranked as number 15 on the Hotelier Authority 50, as the Property Chief Executive Officer of 2017 and lastly the Real Estates Legend. Mr. Hussein Sajwani is married with four children and he currently lives in Dubai.