Hussain Sajwani is the well-known founder and the current chairman of the successful DAMAC properties based out of UAE. He was born to a middle-class family from Dubai with Omani roots. His father had a store in deira souk while his mother sold handmade goods to ladies from home. From a young age, Hussain Sajwani spent hours working in his family business after school.
When Hussain Sajwani came to the US to study at the University of Washington, he started working part-time and selling time-share apartments. He saved the money he earned through it for his future. Once he completed his education, and after working for two years for the finance department of Abu Dhabi Gas Industries, he realized that he would earn more if he became an entrepreneur. Hussain Sajwani used his saving to start a catering business that is very successful today. But, his love for real estate did not die down. He began developing small hotels and then moved on to the development of towers in the best locations in Dubai. He founded DAMAC Properties in the year 2002 and is headquartered in Dubai.
Today, his real estate company DAMAC Properties is one of the top property development companies in the Middle East. The company has its offices in multiple cities including Doha, Dubai, Beirut, London, Amman, Jeddah, Dubai, Riyadh and Abu Dhabi. DAMAC Properties delivers luxurious residential, commercial and leisure properties to its clients. DAMAC Properties is also known being a significant contributor to the real estate boom in Dubai.
Over the years, DAMAC Properties have delivered more than 19,855 homes and currently has 44,000 units in different stages of progress around the world. The company has risen tremendously in the past 15 years and is among the region’s top developers. Hussain Sajwani is also active in social work and is involved with many different social care organizations from around the world. Close to home, he is part of the Emirates Red Crescent campaign that provides clothing to deprived children. He wrote a cheque of AED two million that helped the organization arrange clothing for more than 50,000 children. Learn more: http://www.forbes.com/profile/hussain-sajwani