Brief History of Hussain Sajwani
Hussain Sajwani is a shrewd businessman and the owner of the Damac properties. In 2002 the government of the Dubai authorized foreigners to own property in the Emirate. Hence the majority of non-emirates were on high buying chunks of residential properties.
Hussain Sajwani family saw this as an opportunity to invest in the real estate industry. He decided to buy land in the then undeveloped areas of Emirates. In less than a year, Sajwani had already sold his first residential building. Since then he has built Dubai residential industry to become a glittering destination.
Sajwani and President Donald Trump
The current President of United States; Donald Trump is Hussain Sajwani’s business partner. They teamed up together before Donald’s election as the President. They built two Donald Trump –branded gold courses and have developed the Trump International Golf Course, which was launched in February 2017 at the residential building of the Damac Akoya development.
On the other hand, the Trump’s Golf Course is slated to be launched a separate Damac residential development at the end of next year (2018). After he had been elected as the US president, Donald praised Sajwani for being a fantastic business partner.
Sajwani’s Career History
Hussain Sajwani graduated from the Washington University with a degree in economics. He started off his career as a contractor manager at a subsidiary group of the Abu Dhabi National Oil Company called the GASCO. In 1982, Sajwani decided to start his company in the food service industry.
He has served the construction giant Bechtel and the US military with food. In 1990, he began several hotel chains to accommodate the influx of non-emirate who came to trade after the government’s decree.
By 2002, Sajwani had already established his target market, and that’s how he founded the DAMAC properties. Damac is one of the leading property development firms in the Middle East. Hussain Sajwani is the chairman of the publicly traded company.
Besides his role as the DAMAC owner, Mr. Hussain Sajwani is involved in numerous philanthropic activities such as donations to the UAE Red Crescent to assist the Refugees. Also, DAMAC Properties has financially supported ‘the cloth a child’ campaign for years.