One of the world’s most beautiful cities and one of the top 10 places to visit according to Gulf News is Dubai, UAE, a place with stunning skyscrapers of magnificent design, and vacation homes found throughout its limits. It wasn’t always as breathtaking as it can be found today, but many modern architects and real estate investors took the time to build it and turn it into the beautiful place it is. One of those visionaries is Hussain Sajwani, the founder and Chairman of DAMAC Properties which not only owns properties throughout Dubai, but also has bought properties in Lebanon, Oman, and even in the UK and the Republic of Maldives. Hussain Sajwani has also worked closely with the Trump Organization and even pro golfer Tiger Woods to build one of the world’s best courses.
Hussain Sajwani often recalls the days when Dubai and other UAE cities were not nearly as built up and were the home of many trade shops like the one his father ran. He said he first got the idea to do what he does today at DAMAC from his days as a student at the University of Washington in Seattle. Hussain Sajwani saw how there was so many high-end commercial properties within the city and so many choices, and it had the idea lingering that he could one day see cities built like that back in the UAE. He was also very entrepreneurial minded, and his first big business was a catering company. Even to this day, his office at DAMAC Properties still has a plaque on the wall commemorating what that catering company did for the US Military back in the Gulf War.
Hussain Sajwani first started buying up real estate back in the 1990s when the tourism market started growing in the UAE. He officially founded DAMAC Properties in 2002, and the two big developments completed by the company were Park Towers and Marina Terrace. Hussain Sajwani managed to use savvy cash flow reserve management during the 2008 recession, and on the other side came out with even more stunning property completions like DAMAC Tower, AKOYA Oxygen, AYKON City and the Trump Estates projects. Hussain Sajwani has been recognized for his real estate accomplishments by several Arabian business media outlets including one who gave him the prestigious “Real Estate Legend” award. View Sajwani’s profile on Bloomberg.