How The DAMAC Owner Hussain Sajwani Has Established Himself As A Real Estate Titan

Hussain Sajwani was ranked fourth in the List of the wealthiest Arabs globally. The property developer went to the University of Washington and graduated with a Bachelor of Science degree in industrial engineering. After University he joined GASCO, a renowned oil company based in Dubai as an oil and gas contractor before he quit and focused on his own business. According to Erem News, he started the Al Jazeira Services Company that supplied food to officers and construction workers. The food venture has to date expanded and is under the DAMAC Properties providing meals to over 150,000 people daily.

He ventured into real estate in 1995 when he built a few units to accommodate guests who came to the Emirates for business but did not have places to stay. In 2002, Hussain Sajwani officially started the DAMAC Properties, a company that has a solid reputation in developing luxurious homes with laid out portfolios. The company is currently in Doha, Lebanon, London, and Jeddah. The real estate company is headquartered in Dubai and trades its shares in the Dubai Stock Market. The DAMAC owner has overseen the success of about 20,000 complete units and is managing 44,000 ongoing projects.

Besides DAMAC properties, Hussain Sajwani has the majority of shares in Al Aman building material, a company that distributes high-quality building materials, bathroom and surface finishes. The DAMAC owner is the chairman of the largest ceramics manufacturer in Oman, Al Anwar Ceramic Tiles Company. The company strives to use locally produced raw materials in making the tiles and imports glazes and frits from Spain and Italy. He founded DICO investments, an organization divided into four major divisions, the strategic holdings, debt collection instruments, ownership of subsidiaries and long-term investments.

Under his guidance, DAMAC properties have partnered with various brands like Bugatti to facilitate its executive advertising technique that involves rewarding every apartment buyer with a Lamborghini. For the Trump international golf course, he collaborated with Tiger woods and had also closed deals with Italian fashion houses like Fendi Casa and Versace. The DAMAC owner is a family man and has four children. Learn more about Sajwani on Facebook.

Reference: https://www.damacproperties.com/ar/investor-relations/corporate-governance/meet-our-board

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