The real estate market of Dubai is one of the most lucrative in the world as not only is it filled with numerous luxurious choices in residential and commercial space, but is also amongst the most profitable. The decree of the UAE government allows for the foreign investors to invest in the real estate of United Arab Emirates, and it is this provision that attracted the already successful entrepreneur Hussain Sajwani back to Dubai. Born and raised in the United Arab Emirates, Hussain Sajwani completed his studies from the University of Washington in Industrial Engineering and Economics. After finishing his studies, Hussain Sajwani like any other graduate took an average day job at Gasco, one of the leading oil and gas firms.
However, Hussain Sajwani soon realized that a salaried job is not his cup of tea, and started his entrepreneurial journey by starting Al Jazeera Services. It is an industrial catering firm that provides support and meals to the industries, has worked with major organizations like the construction giant in the United States, Bechtel, and the United States Military Service. Even as the Al Jazeera Service was running well, Hussain Sajwani decided to branch out to the real estate sphere because of the many opportunities it presented in the Dubai real estate market. He relocated to Dubai and purchased a land plot on the outskirts of the city, and the 35 story project he developed was sold out within six months, even when the construction of the project hasn’t started.
Since then, Damac Properties, owned by Hussain Sajwani, has never looked back since. Damac Properties has grown exponentially over the years and has completed thousands of residential and commercial projects since it started in 2002. The success of Damac Properties has put Hussain Sajwani on the Forbes list as the third-richest in the United Arab Emirates with the estimated net worth of close to $3.8 Billion. Hussain Sajwani believes in giving back to the society and empowering local communities and has a thriving corporate social responsibility policy in his firm, Damac Properties.
Damac owner recently announced a huge donation of AED 2 Million to provide clothing to over a million kids globally. Hussain Sajwani has been in the news recently for his relationship with Donald Trump, United States President. Hussain Sajwani family also knows the Trump Family well and are seen dining together on many occasions. Damac Properties and Trump Organizations continue to work together on many large-scale real estate projects.
Success and hard work are concepts that are understood very clearly by Mr. Hussain Sajwani, a resident of Dubai. The United Emirates Economy is considered to be a very viable for business. However, it is impossible to mention its success without making reference to personalities such as Mr. Hussain Sajwani. Middle East region boasts of unique infrastructure development that has created a favorable business environment. This atmosphere has been made possible thanks to the effort of people like the Damac owner Hussain Sajwani.
Being the CEO and owner of a Billion Dollar Company is not something that can easily be attained as it requires a great initial effort. Hussain Sajwani, who initially specialized in the food industry started out by purchasing a section of land that was undeveloped. His previous experience in marketing helped him sell 38 units of a building which had not even started being built. As time passed by, he saw the greater opportunity that existed in the real estate market. So, he ended up creating Damac Properties back in 2002. His company primarily specializes in Real Estate Development.
Hussain Sajwani did not start out as a successful business person, but he initially had to work for other firms such as the Abu Dhabi National Oil Corporation and GASCO. It is after graduating from the University of Washington that he ended up in the employment industry and worked for such big Companies. He eventually gained vast experience and skills which helped him to venture slowly into the real estate market. Currently, Damac Properties boasts of having employed over 2000 workers and having developed over 16000 houses.
Hussain Sajwani, a close personal friend to Mr. Donald Trump, has managed to set foot permanently in the real estate development industry. His friendship with Mr. Trump is also, somehow based on the different business undertakings of the two billionaires. Hussain Sajwani’s firm has helped in creating two golf courses for the Trump Organization namely; the Trump International Golf Course and Tiger Woods Golf Course that was also designed by Tiger Woods himself.
The Hussain Sajwani family is very united. Most of the time, he seeks the advice of his household. For instance, the advice that he got from his father was what partly propelled him to great success. His family is also very close to that of Donald Trump since it is evident that they spend holidays together. This closeness is an indication that their association is not entirely based on the businesses that they individually have.
Giving back to the society is something that Hussain Sajwani treasures. His Philanthropic character was exhibited, when he offered to provide food and clothing for the needy persons all over the world during the Ramadan period.
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The Chainsmokers have went through quite the evolution in the past couple of years. A group member left; a group member joined. Now, once a DJ and producer duo, the Chainsmokers are now, by definition, a true band. After the release of “Closer,” Andrew Taggart took on a new role in the group – lead singer.
Andrew Taggart andhis partner Alex Pall released their first big song in 2014. The song was called “Selfie” and was published and promoted by Dim Mak Records. The Chainsmokers are known for their incredible collaborations, working with other DJs and singers in the music industry.
Despite their long list of hits, “Closer” may be the song that goes down in the history books of The Chainsmokers. Even though the song has a guest vocalist – Halsey, with Andrew Taggart beginning a career as a singer it can only mean positive things for the band.
The Chainsmokers owe their success to their similar thinking. During an interview Alex Pall said that he and Taggart both knew what each other brought to the table right away. They first discussed what they liked musically and talked about their interests as children. This lead to a great understanding of each other and next they talked about the modern music scene.
In the same interview, Alex Pall explained the reasoning behind the decision to put Taggart behind a microphone.
“Well, why?” Pall asked himself. There were many reasons behind the decision, but primarily, the band was tired of having guest vocals blasting through a loud speaker at their concerts. With Andrew Taggart as lead singer, he can perform his own original vocals and the vocals of guest singers who can’t be in attendance at a live show.
Going forward, nothing but beneficial change are in store for The Chainsmokers. Moving Taggart to vocalistis only the first step in creating better music and providing a better live experience.
Hussain Sajwani, the founder and CEO of Damac Properties, is acclaimed to be a key player in the Emirates real estate industry. As an investor and influencer of the industry, he has gone through high and low that have significantly affected his business. For instance, the 2008 economic recess severely affected the real estate industry. Despite these challenges, Sajwani has been able to build an empire that is influencing the industry in the region and across the world. In a recent interview with the Arabian Business, he illustrates his success story of how his business rose, fell, revived and the future.
The first questions revolved around his childhood. He contemplated that he started working at a very young age at his father’s shop. Although the shop may have been small, the experiences imbued ambitions in Hussain Sajwani. After spending time studying in the US, he returned to the Emirates in 1982 where he started his career in the gas industry. After two years, he ventured into businesses by establishing a catering company. In 1996, he started the Sajwani properties which constructed the first three-star hotel in Deira. The name of the company was later changed to Damac properties and continued to soar to greater heights until the 2008 economic crush.
Damac Properties had grown exponentially and dominated the market during the crash. It was apparent that the company would suffer immensely. The Damac owner indicated that he saw the crisis coming and immediately put measures to mitigate the situation. Although the measures slightly cushioned the business, it was very difficult that it took several months to get back.
Revival and the future
After the crisis, Damac Properties made a stunning comeback by raising an IPO in the London Stock Exchange. It was the first real estate company from the Middle East to list in the London Stock Market. The IPO raised over three hundred million dollars that helped the company get back to business. According to Sajwani, the company is looking at investing Aggressively overseas especially in Europe. His dream is to spread Damac properties across the world.
Hussain Sajwani founded Damac Properties where he is the CEO. His plans helped shape the most prominent real estate boom in the world and also achieved the same feat after the 2008 crash. In the interview, Sajwani attributes his success to the time when he was creative. He starts by explaining that when a customer would buy a pack of vests costing ten dirhams and when the customer left, his father would then raise the price to eleven dirhams. The reason his father gave was that the customer never bought anything from his shop and that he had bought a more significant quantity without any questions. The price implied that there was a shortage of the product in the market. Sajwani explains that his father had identified his customers and that he always had a way of analyzing the market and adapted to changes.
At the time of the interview, Forbes had rated Hussain Sajwani as the tenth richest Arab in the world with assets worth $3.7 billion. In 2017, Damac properties were the fourth largest public company in the Arab world and its only competitor, Emaar operating on a larger scale.
Sajwani further explains that while undertaking his industrial engineering and economics in the University of Washington, he was amazed by the size of the Walt-Mart and decided that he was also going to build something similar when he got back to Dubai property market. On coming back home in 1982, he started his catering service, the Global Logistics Service, which he still owns. He developed the company to become one of the unique and most significant companies in the region. Sajwani further implies that his grandfather also traveled to India and Pakistan for his trade activities, and believes that trade exists in their family blood.
Sajwani’s involvement in real estate began in 1996 when he first constructed five three-star hotels in the city of Deira. His model of business is building new properties then leasing or selling them. He further argues that he used funds from other investments to boost his real estate business.
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NBA legend and Hall of Fame member Shaquille O’Neal was born in 1972 in Newark, New Jersey. The city has been through its ups and downs over the year, but often the downs outnumbered the ups. In the early 90s, its native son Shaquille became one of the biggest stars in professional basketball and this success led to him to life-changing wealth. Shaquille has always had a huge heart and a huge desire to give back to the community that he was born into. He has always had a big desire to do good in his hometown and to make an effort to add some beautification of the city. To this point, Shaquille O’Neal is the man behind the construction of the first high-rise residential construction to take place in Newark in the last 50 years. The building is located on Rector Street. To accomplish this, he has partnered with renowned urban real estate development firm Boraie. Shaquille and Boraie also have the full support of the city of Newark behind them as well as Goldman Sachs.
According to Patch, Newark civic leaders have stressed that this project is another sign that the city is in a state of resurgence. For his part, Shaquille has had civic revitalization in Newark on his mind as early as when he got his first big NBA contract in the early 90s. He has never forgotten that his mother once told him that someone needed to do something to bring the city back to what it once was. Shaquille O’Neal has been beaming with pride as the project nears completion as he happily poses with city leaders and members of the team at Boraie. This current project has gone so well that Shaquille O’Neal and Boraie have committed to working together on another project that will be constructed off of McCarter Highway.
Boraie Development LLC is a real estate development firm based in New Jersey. The company is well known and respected in the field of urban real estate development. In order to develop the most revolutionary building projects possible, Sam Boraie collaborates with strong financial institutions as well as the top architects in their field today. You can visit crunchbase.com for more details.
Wes Edens is a financial expert in the field of finance and continues his journey with prosperity and success. He currently ranks as number 962 on the Forbes billionaire list. Wesley Edens was one of the principal investors who contributed to Fortress Investment Group and its status of development. His talent for co-creating entire businesses by putting large sums of money in the basket is what mostly made him one of the leading co-founders of Fortress Investment Group today. Even from day one of the initial public offering Fortress Investment Group scaled up very quickly. Wesley Edens is the Co-Chairman for the board of directors at the financial empire he helped to create, and even when the price of the company dropped down by one dollar he managed to get the ball rolling with saving the company in terms of price fluctuation.
Wesley Edens was also responsible to the infrastructure and transportation sector of the investment service industry when he became the chairman of such developments. The people under him who worked as employees at Fortress Investment Group mainly stated that there was always something eventful and interactive at the company. They also often times experienced the gift of being included in what ever endeavor the company was facing at the moment according to their strengths and skillsets. Before Fortress Investment Group Wesley Edens attended Oregon State University to study the disciplines of finance and business which is where he began his journey in the world of financial discovery. As of now he is the owner of the basketball team called the Milwaukee Bucks. He is also an owner of Flyquest which is a team belonging to the League of Legends.
According to Biz Journals Wes Edens takes home an annual sum of about fifty four million in cash every year mainly because he was one of the stockholders at Fortress Financial Group early on and that is what his dividend pay out is now. He made a considerable and an inspiring contribution to the involvement and practices of helping companies and private investors reach their financial goals and visions, and because of that he is reaping what he sows in the form of a blessing from financial heaven. It was because of his generosity that he recieves the equally generous returns from his life’s work. As of now he lives in the throes of financial freedom due to his plethora of good deeds and hard work ethic.
Whitney Wolfe is one of the poster children of this generation. This is the generation of the hard working and career driven women. Whitney Wolfe describes this generation of women as women who work long hours and are tired. At the same time, she also states that sometimes women want to sit at home in their pajamas and work from their laptops. The whole point of this is that women are very focused on their careers and climbing to the top. It is this focus that has inspired Whitney Wolfe to build Bumble and all of the extensions to the app.
In an earlier era, women were treated as inferior. They were also limited in the types of jobs they can take on. This has been the cause of a lot of frustration among women. However, they have been very steady in their progress towards their own success according to nytimes.com. Many women have started businesses and have shown that women are very capable of making their own lives without men. This is not to say that women intend to discard men. Women just want to be equal so that they can have a great relationship with the men they want to be with.
This is also the beginning of the age of the entrepreneur. For one thing, a lot of jobs are being lost and both men and women are having to find ways to generate income that are different from what they have been used to. While some people like Whitney Wolfe find something that they can work with, there are others who are not so fortunate. One of the reasons that Whitney Wolfe been successful with Bumble is that she works for the empowerment and greater food for women and men as well. Whitney is not only a successful entrepreneur but also a role model for women.