The DAMAC Properties Founder: Hussain Sajwani

Hussain Sajwani is a billionaire real estate tycoon. He has several properties all over the Middle East from residential to commercial properties. Soon, he plans to take his real estate development company, DAMAC, to parts of the world where the company has yet to develop.

 

But before Hussain Sajwani was developing massive properties, he was a young boy who learned his business principles from his father. The young boy would go into his father’s shop and witness how important it was for a business owner to establish customer service with customers. Hussain carried this principle with him throughout his life. It would later aid to his very own success.

 

Hussain Sajwani studied in Bagdad and had the experience of living in the United States while he was studying in Seattle, Washington. He immediately noticed the difference in between the United States and the Middle East’s infrastructure. The massive highways and bridges of the United States are very different from the ones in his home country. Even giant stores like Wal Mart were very new to him.

 

He returned to his homeland working in the gas industry. Two short years later, he was working for himself. He had created a catering company that did very well. That catering company is still owned by him today. Then in 1996, he decided to get into real estate. This real estate career would lead him to much success.

 

DAMAC has built some of the tallest towers, golf courses and luxury residential centers. It has become the fourth biggest public company. Though the company has had great fortune, the prosperous company is no stranger to hardship.

 

When the 2008 real estate disaster affected real estate companies and property owners everywhere, DAMAC was also affected. Hussain Sajwani was there to bring his company back to life. He remembered how important it was to put customer service first. He remembered how important it was to “Buy, lease, sell. Next, next, next.” He finished old projects and began working on new ones. By doing this, Hussain Sujwani revitalized his company into being Dubai’s largest real estate development company.

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