Hussain Sajwani is the founder, chairman and chief executive officer of the Dubai-based luxury property developer, DAMAC Properties. He established his company in 2002, after the Dubai, UAE, government had allowed foreigners to own property. His first residential project had outstandingly sold out all of its units in less than 6 months. Prior to DAMAC Properties, Hussain Sajwani worked in the financial department at ADNOC Gas Processing, formerly known as GASCO, in 1981.
A year later, he launched his own catering company and it grew to service the U.S. military camps stationed overseas, corporate construction campsites, academic institutions and companies in the hospitality industry. Today, his catering company consistently delivers over 150,000 meals per day, and service countries in Africa, the Middle East and the Commonwealth of Independent States.
In 2018, according to the Analyst of Finance, Hussain Sajwani was listed as the world’s 4th richest Arab by Forbes. His current net worth is estimated at $4.2 billion and he is occasionally dubbed the “Donald of Dubai” for his extravagant marketing style and real estate development strategies. The name might also have to do with the fact that Hussain Sajwani has been close friends with Donald Trump before he won the U.S. presidency. When it came down to developing extravagant leisure and residential projects that people would enjoy, both men have melded their astute business minds together to create several, now-famous luxury golf courses and villas: Trump International Golf Club Dubai, and Trump World Golf Club Dubai.
In his personal life, Hussain Sajwani, the DAMAC Owner, lives in Dubai and shares four children with his wife. He regularly hosts at his home and invites his colleagues from DAMAC Properties. They discuss all of the latest developments, objectives and the potential challenges that their company might face. All of his business sessions are purposely done in an intimate setting to bring forth the best brainstorming and strategies. DAMAC Properties has developed award-winning residential buildings befitted with exclusive interiors by Versace Home and Fendi. The company has also developed the famous DAMAC Towers in partnership with Paramount Hotels and Resorts. In 2018, the company was presented with a Meed Projects Award for “Residential Project of the Year.”
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