Hussain Sajwani is a successful Emirati businessman and investor, known for his role as the founder and chairman of DAMAC Properties, a leading real estate development company in the Middle East. With a net worth of $3.8 billion, Sajwani is one of the wealthiest people in the UAE.
Sajwani was born in Dubai in 1952 and attended the University of Washington, where he earned a degree in industrial engineering and economics. After graduation, he returned to the UAE and started his career in the finance and real estate industries.
In 1982, Sajwani founded a catering company, which quickly became one of the largest in the UAE, with clients including the US military during the Gulf War. He later expanded his business interests to include real estate, founding DAMAC Properties in 2002.
Under Sajwani’s leadership, DAMAC Properties has become one of the most successful real estate developers in the Middle East, with a portfolio of luxury properties across the region. The company has also expanded its operations to other countries, including the UK, Jordan, and Saudi Arabia.
In addition to his role at DAMAC Properties, Sajwani is also involved in several other business ventures, including investments in hospitality and retail. He has been recognized for his business acumen and was named one of the 100 most influential Arabs by Arabian Business magazine.
Sajwani is also known for his philanthropic efforts, particularly in the areas of education and healthcare. He has donated generously to several charitable causes, including the Dubai Autism Centre and the UAE Red Crescent Society.
Despite the challenges posed by the COVID-19 pandemic, Sajwani remains optimistic about the future of the real estate industry and his company’s prospects. He continues to be a prominent figure in the UAE’s business community and a role model for aspiring entrepreneurs in the region.
Here is a timeline of Hussain Sajwani’s life and career:
1952 – Hussain Sajwani is born in Dubai, UAE.
1976 – Sajwani graduates from the University of Washington with a degree in industrial engineering and economics.
1982 – Sajwani establishes his first business, a catering company that eventually becomes one of the largest in the UAE.
1992 – Sajwani launches his first real estate project, building a hotel in Dubai.
2002 – Sajwani founds DAMAC Properties, a luxury real estate development company.
2004 – DAMAC Properties completes its first residential development, Marina Terrace.
2008 – DAMAC Properties launches its hospitality division, DAMAC Maison, which manages serviced hotel apartments.
2013 – DAMAC Properties becomes the first Middle Eastern real estate company to be listed on the London Stock Exchange.
2017 – DAMAC Properties partners with the Trump Organization to develop the Trump International Golf Club Dubai.
2020 – Sajwani’s net worth is estimated at $3.8 billion by Forbes.
2021 – Despite the challenges posed by the COVID-19 pandemic, DAMAC Properties remains a leading player in the Middle Eastern real estate market.
As of 2021, Sajwani continues to be actively involved in the operations of DAMAC Properties and remains committed to expanding his business interests in the UAE and beyond.
Here are 5 interesting facts about Hussain Sajwani:
- Sajwani’s catering company provided food services to US troops during the Gulf War, which helped to establish his reputation as a successful entrepreneur.
- He is known for his close business relationships with prominent figures, including former US President Donald Trump, whom he collaborated with on several real estate projects.
- Sajwani is a philanthropist and has donated millions of dollars to charitable causes, including the Dubai Autism Center and the UAE Red Crescent Society.
- In addition to his business ventures, Sajwani is a passionate golfer and has built several golf courses in the UAE and other countries.
- Sajwani is a member of the Board of Trustees of the Dubai Future Foundation, which aims to promote innovation and technology in the UAE.
Here are 5 quotes from Hussain Sajwani:
- “I believe in taking risks and creating opportunities. Success does not come easy, but with hard work and perseverance, anything is possible.”
- “Innovation is key to staying ahead of the game. We are constantly looking for new ways to enhance our offerings and deliver value to our customers.”
- “Philanthropy is not just about giving money, it’s about making a difference in people’s lives and creating a better future for our communities.”
- “Real estate is a long-term investment, and we are committed to delivering quality projects that stand the test of time.”
- “The UAE is a land of opportunity, and I believe that with the right mindset and determination, anyone can achieve success here.”