The real estate scene of Dubai is amongst the most advanced and unique in the world with its high-rise residential complexes and sophisticated commercial complexes. It is primarily due to the contributions made by the companies such as Damac Properties, which has helped place the Middle East real estate scene on the world map. Damac Properties, owned by Hussain Sajwani, is one of the most successful real estate firms in the country and has so far developed thousands of residential and commercial complexes of various scales in the country. The success of Damac Properties and Hussain Sajwani is well-known in the real estate industry of the United Arab Emirates, as well as globally.
Hussain Sajwani was leading a catering and support services firm named Al Jazeera Services in the United States, but due to the sudden growth the Dubai’s real estate market witnessed in the early 2000s, he decided to try his luck in the real estate development. He shifted his base to Dubai and started a 35 story project in the suburbs of Dubai. The project was a huge hit among the wealthy and affluent in the country and abroad, and it attracted a lot of investors for his future ventures as well. It is what helped Hussain Sajwani take his real estate firm, Damac Properties, to another level. Today, Damac Properties has well known in the real estate industry for his luxurious and elegantly designed commercial and residential properties with a host of modern amenities.
Hussain Sajwani, apart from being a highly successful businessman, is also a passionate philanthropist. He is known to be involved with many leading charitable organizations in the country, and recently also donated AED 2 Million to provide clothes to 1 million impoverished children globally. Hussain Sajwani is the third-richest person in the United Arab Emirates with the fortune of over $3.7 Billion. Thanks to the success of his real estate firm Damac Properties, and many of its projects under development, that sum is expected to rise exponentially in the years to come.
The Damac owner was in the news recently for his close ties with the United States President Donald Trump. However, Hussain Sajwani had known Donald Trump from way before the latter became the President of the United States. Their firms continue to work together on many projects, and Hussain Sajwani Family is also well-acquainted with Donald Trump’s family. Hussain Sajwani continues to implement innovative and strategic ideas in the business to ensure Damac Properties lead from the front in the real estate sphere of the Middle East.