Whenever some of the United Arab Emirates business associations and media gatherings host awards to recognize major finance and real estate gurus, you can almost always be sure that DAMAC owner Hussain Sajwani will be mentioned. He has been named in the Tycoon awards and recognized with titles such as CEO of the Year and Real Estate Legend. It’s because he has planned construction and interior designs of some of the UAE’s biggest and most beautiful buildings. Hussain Sajwani has been able to weather storms of down markets such as 2008, by planning savings of large cash reserves and placing them in Escrow while also scaling back but then resurging when the markets rebound. Thus far, he’s been adept at building investments and has kept cash flow operating and steering DAMAC Properties away from debt.
Hussain Sajwani was born in Deira and talks often about his childhood in learning how to make deals from his father. He later received his bachelor’s degree from the University of Washington and brokered deals as a contracts manager for the Abu Dhabi National Oil Company. But then Sajwani started a catering company that brought in clients from all over the world and also brought the idea to him to start getting into the UAE’s real estate market. But the catering business continued and Sajwani (@HussainSajwaniOfficial) says he still considers it foundational to the company today. He also owns a tile manufacturing company and building supply outlet.
According to Crunchbase, Hussain Sajwani established his company and assumed the title of DAMAC owner in 2002, and his first completed projects were Park Towers and the Marina Terrace properties. His first big luxury designed building was DAMAC Tower which had Versace designers do the interior. But the Hussain Sajwani family is also very close to President Trump and his family because both men have had similar business philosophies and both share similar personal values. Along with DAMAC Hills, AYKON City and the DAMAC Maison establishment, Trump and Sajwani have had several golf courses such as the Trump International Golf Club and Trump World Resort designed. Sajwani is also a philanthropist who has supported causes such as the 1 million Arab Coder Initiative. Get in touch with Hussain via Twitter or Instagram.