Hussain Sajwani, Emirati Entrepreneur and Founder of DAMAC Properties

Hussain Sajwani is the current Chairman and CEO of DAMAC Properties, a real estate company that he founded in 2002. Mr. Sajwani has reached great heights of success in the real estate industry, but he had a less than privileged upbringing as the son of working-class parents in the United Arab Emirates. His father owned a shop where he sold pens and watches, and his mother sold fabric and household goods to women in the area to earn extra money for their family.

 

Hussain Sajwani helped work his father’s shop from a young age, which helped him learn about running a successful business. His father wanted him to make a career working in the family shop, but Hussain’s goal was to receive a formal education and make his own career as a businessman. He first attended a medical college in Dubai, but he never finished his education there. However, he knew that he had the desire and motivation to be an entrepreneur, and he wasn’t ready to quit.

 

His father had dabbled in real estate in the United Arab Emirates in addition to running the store, and this was Hussain’s first introduction to the field of real estate. In 2002, he founded the DAMAC group in Dubai after a government decree allowed foreigners to own real estate properties there. Many wealthy foreigners were interested in owning properties in Dubai, and Hussain started selling units before his first property was even fully built.

 

DAMAC properties soon became extremely successful, and in 2013 it was the first Middle Eastern real estate company to be listed in the London Stock Exchange. DAMAC has completed award-winning projects in Dubai, Qatar, Saudi Arabia and the U.K., among other countries. Among their projects are the famous Trump International Golf Course in Dubai, which opened in February 2017, and the Trump World Golf Course, which was designed by Tiger Woods and is set to open towards the end of this year. While DAMAC has become best-known for luxury projects, the company also features DAMAC Holding, which focuses on hospitality.

 

Hussain Sajwani’s net worth is estimated at over 4 billion U.S. dollars, but he has never forgotten his humble beginnings. He donates to a variety of charities that are activated in Dubai, including one organization that provides clothing and other daily necessities to underprivileged children in the city. He is also dedicated to supporting the aspirations of children who came from similar backgrounds to himself by supporting higher education for those who couldn’t afford it otherwise.

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