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.