Real estate developer and multi-billionaire, Hussain Sajwani, founded his company DAMAC Properties back in 2002 and it’s now one of the most sought-after companies for luxury real estate development in Dubai, U.A.E. The Dubai government released a decree in 2001 that permitted expats to have a 99-year lease on properties, in 2002, the government allowed foreigners to buy and own properties within the emirate.
Hussain Sajwani noticed an influx of foreigners coming to his homeland, he had launched DAMAC Properties to take advantage of this new moneymaking opportunity. His first apartment duplex was built on an underdeveloped area of Dubai, it had 38 stories and six months before it even opened to the public, all of the units were sold. It was Hussain Sajwani’s and DAMAC’s first success and certainly not their last.
In 2013, Hussain Sajwani and his company collaborated with Donald Trump to create a few Trump-branded properties. They had built the Trump International Golf Course on the DAMAC-owned Akoya residential grounds in Dubai. The golf course opened on February 2017 and the guests of honor were Trumps two sons, Donald Trump Jr. and Eric Trump. Later, Tiger Woods put his professional golf skills to work and helped design their newest project at the Trump World Golf Course, it’s scheduled to open at the end of 2018.
DAMAC Properties have worked with other big name brands including Fendi, Versace, Bugatti, Paramount Hotels and Resorts and many others. In 2013, DAMAC Properties became the first Middle Eastern real estate company to be publicly listed on the London Stock Exchange. DAMAC have completed over 19,000 luxury residential and commercial projects in areas located all throughout Dubai, Qatar, United Kingdom, Saudi Arabia, Abu Dhabi and more.
Hussian Sajwani has been married to his wife for more than 14 years, they are the proud parents of four children and currently live in Dubai. He graduated for the University of Washington with a Bachelor of Science degree in Industrial Engineering and Economics. Sajwani is one of the richest people in the United Arab Emirates and the whole world, his current net worth is over $4.9 billion.
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