Hussain Sajwani is the Chairman, CEO and founder of the Damac Group. The group consists of numerous subsidiaries such as Damac Properties, Damac Real Estate Development, Majara Investment, Nine Elms Property and Damac Maison among many others. The group has interests in real estate, property development and management, hotel and hospitality, financial services and manufacturing.
Damac Properties was launched in 2002 with a focus on the luxury real estate market. It is the biggest privately-held global property development company in the Middle East.
Forbes lists the UAE national as one of the richest men in the world. His net worth is estimated at over $4 billion. He has also been acknowledged as one of the most influential persons in the UAE. The Damac owner has an in-depth understanding of the property markets. He is adept at development, marketing, and administration. He has led the group to achieve rapid success.
Damac Properties has over two thousand staff and more than $7 billion in annual revenue. The group has extensive operations in the UAE, Qatar and Abu Dhabi. Projects to expand into other markets such as the UK, Lebanon and Jordan are underway. It has prestigious properties in the major cities such as Dubai, Riyadh, Doha, and London.
Hussain Sajwani attended the University of Washington. He graduated in 1981. He briefly worked for the national oil company before embarking on his entrepreneurship career. He began in the food service and catering business. The Hussain Sajwani family serviced lucrative contracts from the US military as well as oil and construction companies in the Middle East. The catering division, Al Jazeira Services, is still going strong serving educational institutions, luxury hotels and camps.
Hussain Sajwani launched Damac in 1982, the precursor to the current Damac Group. Damac Properties was publicly listed in 2015.
Hussain Sajwani came into the spotlight when the media reported on his business relationship with the serving US President Donald Trump. Hussain Sajwani enjoys a longstanding business partnership with Donald Trump that started in 2013. It is effected through Damac Properties and The Trump Organization respectively. They develop luxury golf and mixed-use destinations including Trump International Golf Course in Dubai and Trump World Golf Course.
Follow Hussain Sajwani on twitter.