Hussain Sajwani: The Dubai Based Billionaire, Real Estate Developer

Filed in Real Estate

Hussain Sajwani established DAMAC Properties in 2002; the company deals with property development, and it’s located in Dubai, in the UAE (United Arab Emirates). The company is a part of DAMAC Group, established in 1992 by Sajwani. The company took advantage of a decree of the Dubai government that permitted foreigners to buy and own property anywhere in the emirate. Hussain Sajwani saw non-Emiratis people as the main buyers of apartments.

 

After Hussain Sajwani bought land in a part of town that wasn’t developed then, before six months, Hussain Sajwani had sold all the units in his first residential building of 38 stories, before he even began construction. He has since helped in burnishing the image of Dubai as a destination that’s glittering. At the beginning of 2013, DAMAC joined together with Donald Trump to develop two golf courses that are Trump-branded.

 

The Dubai-based Trump International Golf Course opened on Feb. 2017 at the residential development of Damac’s Akoya, and also the Trump World Golf Course that Tiger Woods designed, which will open in 2018 at a different DAMAC development. Hussain Sajwani family with Donald Trump family have a close relationship. Sajwan told NBC news that his wife and Ivanka (Trump’s daughter) are good friends, they communicate through emails. Ivanka has been to Sajwan’s house. Also, the family of Sajwan visits Trump and his family regularly. Their relationship goes beyond business.

 

In Oct. 2011, DAMAC established its hospitality division knows as the DAMAC Maison, which offers bespoke services to residents across 8,280,507 square feet, in 7,957 hotel apartments that are serviced. That positions DAMAC among the largest operators and developers of Hotel Apartment in the world. DAMAC has finished several award-winning commercials, residential as well mixed-use projects across KSA, Qatar, Abu Dhabi, and Dubai, with more still in progress in those countries plus in the UK, Lebanon, and Jordan.

 

Hussain Sajwani, DAMAC’s chairman, gave a check of 2 million Emirati Dirham to a campaign for clothing one million deprived children worldwide. Sajwani said that DAMAC always has been supporting the philanthropic efforts of Sheikh Mohammed to better other people’s lives, especially during Ramadan holy month.

 

To learn more, visit http://hussainsajwani.com/.