Hussain Sajwani is the owner and chairman of DAMAC Properties, and international property development firm headquartered in Dubai, United Arab Emirate. He has college degrees in industrial engineering and economics that he earned in the United States by attending the University of Washington. The first business he opened was in 1982. This is an international catering venture that is still going strong. Today it provides food to 200 locations and serves more than 150,000 meals each and every day.
When Hussain Sajwani founded DAMAC Properties it was because he had identified a market opportunity. Under his leadership it is now one of the biggest real estate development firms in the Middle East with projects in many cities such as Abud Dhabi, Dubai, Riyadh, and Beirut. He has not set his eye on expanding DAMAC Properties out of the Middle East and recently completed a new project in London. So far DAMAC Properties has built almost 18,000 homes and in the planning stage plus under construction he is set to deliver another 44,000 of them.
The very strong growth of DAMAC Properties has been accredited to Hussain Sajwani’s vision and leadership. He has been named one of the most globally influential Arabs for a number of years now because of his ability to turn his vision into concrete reality. He has also become a skilled investor who invests his $3.1 billion in assets in global markets.
While Hussain Sajwani studied at the UW he had a part-time job as a time-share salesman. He saved quite a bit of this money and two years after graduating he used some of it to start his catering business. He says that as this business was very successful he decided to see what else he could do to make money and real estate is what caught his eye. He started out building hotels for international travelers and this led to him building homes.
Hussain Sajwani says the key to success is to always be willing to learn new things and grow professionally. He also suggests that others look to real estate to build their wealth, in particular in established global cities.