How DAMAC Owner Hussain Sajwani Built The UAE’s Largest Property Development Company In Two Decades

Hussain Sajwani is DAMAC Properties’ current CEO and Chairman. Sajwani’s history to becoming real estate mogul traces back from the 80’s shortly after graduating with a bachelor’s degree in Economics and Industrial Engineering. He immediately got a job in Abu Dhabi Gas Industries in the finance department where he worked continuously gaining a few financial skills for the next two years.

It was time for Hussain Sajwani to jump-start his long successful career and he started a catering business that currently operates today as Global Logistics Services. The company has over 200 projects including servicing the U.S military.

In 2002, Hussain Sajwani was busy going about his daily routines when he spotted an opportunity to venture into Dubai’s growing real estate industry. At the time, the industry had slowly started to attract foreign investors, and Sajwani saw it fit to launch DAMAC Properties; currently one of the world’s largest property development companies. Since its inception, the firm has seen through the development of more than 45000 units which continue to grow in number.

Some notable works by DAMAC Properties include Tiger Woods Golf Course that is managed by The Trump Organization, luxury villas designed by Bugatti, luxury apartments with the interior décor styled by high-end Italian fashion houses Fendi and Versace and Paramount Hotels and Resorts developed in partnership with Paramount Pictures. Today, the property development company enjoys market capitalization of a surplus of $ 4.5 billion ranking it as one of the largest growing companies.

Apart from being a business genius having grown two major companies from scratch to global recognition, Hussain Sajwani is also a well-known philanthropist. In 2017, he led the DAMAC Foundation where he stands as chairman to launch the One Million Arab Coders Initiative. The program’s primary objective is to empower and equip one million youth of Arab descent with professional software and technology development skills. It should, in turn, help them build a foundation for their careers. In 2015, the DAMAC owner donated about $272,000 to the “Yemen We Care” charity campaign whose aim was to support the Yemen war victims with basic education and healthcare services.

It just goes to show how important and influential Hussain Sajwani has been throughout his life.

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