Hussain Sajwani is the founder of The DAMAC Group, an acclaimed real estate development company with headquarters in the city of Dubai. He is the Chairman and CEO of the company. Hussain was born in Dubai, United Arab Emirates in the mid-1950s. Prior to the start of DAMAC, he owned a food service business.
When Dubai began to allow the sale of its real estate to foreigners in 2001, Hussain Sajwani foresaw a tremendous opportunity to grow a prosperous business in the real estate development sector of the city. He started DAMAC Group in 2002, and he began on somewhat of a small scale to develop small hotels and luxury apartments. The demand for the units took off, and Hussain Sajwani and DAMAC Group went on to develop more and larger projects. In recent years, he entered into a joint venture with his firm DAMAC Group and the Trump Organization in New York to develop golf course communities in Dubai. Hussain and U.S. President Donald Trump, owner of the Trump Organization, have become friends as well as business partners. Hussain looks forward to doing more deals with the Trump Organization in the future.
According to Zawya, Hussain Sajwani is a successful and wealthy businessman in the Middle East, and DAMAC Group is one of its largest real estate development companies. It was reported by Forbes that his estimated net worth is approximately $2.8 billion as of June 2018. Hussain is also a philanthropist, and he founded the Hussain Sajwani Family Foundation to support and contribute generously to the needy. Most recently his support went out to needy children, and through the foundation he donated $2 million to help clothe the unfortunate children. Hussain Sajwani (@HussainSajwaniOfficial) and DAMAC Group support many charitable organizations throughout the world.
The sales are underway for the luxury residential units located on the new golf course in Dubai. Hussain continues to see an opportunity the real estate market in Dubai. He has more construction projects underway for DAMAC Group, and he plans more for the future. Read this interview with Sajwani.
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