Meet the Successful Real Estate Entrepreneur, Hussain Sajwani

Hussain Sajwani is the head and founder of Damac Properties. He has played a critical role in the rise of the real estate company. In an interview with an Arabian media group, Sajwani talks about his plans of rebuilding his empire.

 

Hussain Sajwani, DAMAC owner, spent his childhood working in their family shop in Deira. He attributes part of his success to the formative years he spent with his father. Hussain Sajwani is among the most prosperous Arabs in the world with an estimated worth of $3.7bn.

 

Rise

 

Sajwani enrolled in the University of Washington, Seattle, for a course in industrial engineering and economics. In 1978, there was a vast difference between Dubai and Seattle growth. Hussain Sajwani went back home in 1982 and joined the Abu Dhabi Gas Industries. In 1984, he opened Global Logistics Services, a leading catering entity in the region.

 

Later in 1996, the entrepreneur ventured into the real estate industry and constructed the first three-star inns in Deira. He founded Damac Properties after the government amended real estate provisions. Expats could lease property for 99 years and foreigners were free to buy assets on freehold ownership.

 

Investments

 

Marina Terrace was his first project. From 1997 to 2002, the investor concentrated in stock markets. Hussain Sajwani got funds from his ceramics plant and an insurance firm. He used his money to finance Damac until it went public in 2013.

 

Damac Properties Company was the first property company from this region to be listed on the London Stock Exchange (LSE) in 2013. After the comeback, Sajwani adopted a new strategy to scale the business by setting up projects after projects across Dubai. They include merges with Bugatti, Paramount, and Akoya. He has ongoing investments in Qatar, Saudi Arabia, UK, Jordan, and Lebanon.

 

Damac future

 

Sajwani revealed that in his growth plans the establishment would target overseas market like Europe. Damac wishes to build towers in major hubs across the world. The business leader devotes his resources when handling a project. He uses his remarkable story to motivate potential investors on the need to remain focused to reach wintery heights.

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