Hussain Sajwani is the founder and the CEO of DAMAC Properties Limited. He has made a legacy in UAE as a serial entrepreneur, especially in the real estate business. Hussain interest in business started when he was still a young boy. He used to help his father in operating a shop every day after school. This experienced instilled incredible entrepreneurial skills. He initially started with catering business that boomed and earned him good enough money that he later invested in real estate venture. His interest in catering business began when he was working in GASCO where he got his first job right after his graduation. He has a great educational background as he schooled in the University of Washington. He graduated with a Bachelor’s Degree in Industrial Engineering and Economics.
Hussain Sajwani, the DAMAC Properties owner, is unique from other entrepreneurs in that he has the potential to discover the hidden opportunities and turn them into reality. He has an outstanding ability to implement the skills that he learned in the school of economics to develop a long-term project plan. This is what led to the unprecedented success that has earned him an excellent name in both catering and real estate business as well as in the entire UAE. His ideas for the DAMAC Properties started long ago. He started by buying land from the remote regions in his neighborhoods. This seemed like a stupid move since the area was not attractive for real estate business by then. Things took a different turn some few years down the line as development hit the region and it became a hot cake for real estate investors. By then, it was prohibited for the foreigners to own property in Dubai.
The expatriates from India and UK start pushing for the right to own property in Dubai, and soon it was granted. This is how DAMAC Properties came to being. Hussain Sajwani has made a perfect calculated move as Dubai property market was headed for an unprecedented boom. DAMAC developed their first tower by the name the Marina Terrace and was bought within 40 days. Since then, every tower that DAMAC Properties built brought a new face to the once poor neighborhoods of Dubai skyline. This was an advantage as it made Dubai an attractive and valuable jewel for both the local and global investors. Thanks to Hussain Sajwani for his great input in this development.
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