Hussain is the CEO and founder of Damac properties. His firm was launched in 2002; it primarily deals with developments of real estates.
Hussain was raised in a humble background in Dubai; Hussain Sajwani family were mere traders. Luckily in 1978, he won a scholarship to study in the USA where he obtained his degree from the University of Washington in economics and industrial engineering. Read more: Meet Our Board | DAMAC Properties
Hussain ’s Work History
In his line of career, he obtained his first job in the department of finance at Abu Dhabi Gas Industries. Then two years later Hussain decided enough is enough he resigned. He collaborated with his partner who owns a business firm in the launching a catering enterprise.
Despite the drawbacks like embezzlement of funds by the British company, the catering business continued to get more contracts and developed various branches. After a couple of few years of experiencing high profits, the firm started sinking into losses up to forcing them to constituents living the ones only in UAE.
Hussain Sajwani’s experience between 1996 and 1998 was remarkable to him; he learned a lot after going through a chapter of success and losses in that session he was in Abu Dhabi Industries. With experience garnered from the industry he was now ready to a big risk in his dream to venture into real estate sector.
Hussain established DAMAC in 2002 following the backdrop decree by the Saudi government to allow foreigners to own property in the country. Hussain with his ever thinking mind he went to underdeveloped areas in Saudi Arabia and by short time (six months) he sold his newly built apartment(a 38 story building).
Hussain Sajwani has ever contributed positively in creating and maintaining the image of Dubai as one stop destination for both enjoyment and investment opportunity. DAMAC company currently has its branches in Central Asia, Middle East, Far East and North Africa.
The Relationship of Hussain and Donald Trump
At the helm of his success, the DAMAC owner has had the opportunity to partner with Donald Trump to develop two golf courses in 2013. One of them is The Trump International Gold Course in Dubai that was officially launched in February in 2017.
The other one is The Trump World Golf Course that is yet to be launched in 2018; the legendary Tiger Woods designed the golf course.
Learn more about DAMAC owner: http://www.forbes.com/sites/kerryadolan/2016/03/01/the-donald-of-dubai-hussain-sajwani-interview/#1b049a722f15