Hussain Ali Habib Sajwani is the 57-year-old owner and chairperson of DAMAC Properties. It is one of the largest luxury real estate developers that’s majorly focused in the middle east. Mr. Sajwani founded the real estate developer in 1976, but it entered the Dubai real estate scene in 2002. He took advantage of the Dubai government decree that allowed foreigners to own property in the middle east. He realized an outstanding property market from non-residents. He bought large pieces of land in the then undeveloped area selling a dream to would be investors. Within a short period, he had begun construction, turning Dubai into the glimmering destination it is now. Mr. Sajwani’s start as an entrepreneur was in the food industry. He acquired customers such as the U.S military and Betchel (a construction giant). At his capacity in the food industry, Mr. Sajwani was able to cultivate lasting relationships with influential people on the international circuit.
DAMAC Owner Hussain Sajwani partnered with the current U.S president, Donald Trump before his legislative days. He helped develop two Trump branded Golf courses in Dubai. President Trump in his New Year state address commended DAMAC Owner and his business partner Mr. Sajwani for being a fantastic gentleman.
DAMAC is mostly associated with luxurious ploys and crazy marketing stunts. Some time ago, they would give out a free Bentley for every apartment purchase. Mr. Sajwani reminds us that every successful entrepreneurial scheme has a modest source. For DAMAC Group, the source is heavily embedded in the food industry which is to date still a significant part of its operations. The DAMAC Owner says the company stays afloat by following a strict business model which includes: Paying 100% for land hence ensuring no debts, keeping separate escrow accounts and thus ensuring that each development is self-dependent. Finally, they keep cash in reserves to enable continuity of construction if the property market fluctuates.
DAMAC Properties chairman, Hussain Sajwani recently donated a whopping sum of AED two million to help buy clothes for poverty-stricken children worldwide. This is among his many charitable and philanthropic deeds.
Visit http://www.damac.com/terms-of-use/ to learn more.