How Hussain Sajwani Built A Successful Property Management Firm
Hussain Sajwani is a property developer and entrepreneur. He started his first business, a catering company, in 1982.
He is now the owner of a global firm called DAMAC Properties which has around 2,000 employees and has its stock traded on the Dubai Financial Market. They have built almost 20,000 luxury homes in the Middle East and around 44,000 are in the pipeline of development.
The developments that Hussain Sajwani builds through DAMAC Properties are glitzy in nature. The properties are primarily built for wealthy individuals that live outside of the United Arab Emeritate but want to own property there for personal and/or professional reasons.
He is known for creating elaborate marketing stunts such as giving away a free Bentley when someone bought one of his luxury villas or apartments, for instance. Read more: Hussain Sajwani | LinkedIn
It was in 2002 that Hussain Sajwani launched DAMAC Properties. He has said that he dabbled a bit in property development in Dubai beforehand including some hotels he had built in Deira.
He could see that his home country was about to experience a boom in real estate and he felt that he had the experience and savvy to take advantage of this opportunity.
For one of DAMAC Properties most recently opened developments, Hussain Sajwani had forged a relationship with Donald Trump. He built villas and apartments around a golf course that Trump’s organization had agreed to manage.
There have been so far $2 billion in sales of residential homes in this development and it has proven to be very profitable. He said that due to the U.S. presidential election Donald is no longer involved in this collaboration but his three children continue to be very much involved in managing this golf course.
Beyond Damac Properties, Hussain Sajwani also founded and operates another company called DICO Investments Co LLC. This is his investment company and his specialty is in mergers and acquisitions as well as private equity firms.
He owns stock in many companies that are located both in the UAE and internationally. He also owns DAMAC Maison which offers professional services to people who live in select apartment buildings.