It is a well-known fact that the real estate development in the Middle East has been going on at a massive pace in the past couple of decades. And, all due credit goes to the real estate development firms like Damac Properties, which has helped transform the real estate landscape of the region in ways more than one. Damac Properties is owned and headed by Hussain Sajwani, who is amongst the most successful entrepreneurs in the United Arab Emirates today and is also the third-richest person in the United Arab Emirates as per Forbes.
Hussain Sajwani comes from a humble family background, but thanks to his hard work, determination, and the will to succeed as an entrepreneur, he continued to struggle until he achieved his dream of making it big. Even till date, Hussain Sajwani continues to work as hard as any other employee at Damac Properties, or even more, to ensure that he can maintain the growth momentum of Damac Properties in the time to come, instead of major competition in the real estate sphere in the country today.
Hussain Sajwani is a well-learned and highly qualified individual and holds a degree in Industrial engineering and economics from the University of Washington. After completing his graduation, he took a job at Gasco, which is a subsidiary of the Abu Dhabi Oil Corporation. However, doing a nine to five jobs never interested him much, and it is for this reason he left the job and went on to start a catering service firm by the name of Al Jazeera Services. Under his leadership, Al Jazeera Services grew rapidly and even managed to bag clients like U.S. Military and Bechtel.
Damac Owner regularly invests in the equity markets as well, and have a dedicated investment firm named DICO Investments that takes care of his and Damac’s investments. Hussain is also known to have a friendly relationship with Donald Trump, present U.S. President. As they both are in the real estate industry, their companies have collaborated in the past and continue to work together on various projects. Hussain Sajwani family is also close to that of Trump, and are often seen spending time together on various important occasions and events.
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