Real Estate Magnate Hussain Sajwani

Hussain Sajwani is an impressive real estate developer of Emirati nationality whose net worth is currently estimated at over $4 Billion. He is the founder and currently serves as CEO and Chairman of Damac Properties, a property development company based in Dubai. Hussain was born into the business life, as his father owned and managed a watch and accessory store. As a young man, Hussain Sajwani applied for a scholarship to study in the United States and was accepted. It was at the University of Washington where he completed a Bachelor’s degree in Industrial Engineering and Economics.

 

In the early 80’s after briefly working for an oil company, he initiated his career in business, starting a catering venture that proved successful and included the U.S. military among its clients. As time passed he earned more money, experience, and social connections in the world of business. In 2002, only a year after Dubai decided to allow foreigners to buy land, Hussain Sajwani saw a brighter future and founded Damac Properties.

 

Since its beginnings, Damac’s developments have been exclusively directed toward luxury. The most notable are two master developments, the Damac Hills and AKOYA Oxygen with a combined footprint of nearly 19,000 square miles. In a partnership with Donald Trump, the company has also developed two Trump branded golf courses. Donald Trump and Hussain Sajwani have a longtime friendship and partnership in the business world and the Sajwani family was among the list of those personally invited to the Trump inauguration in January 2017.

 

Damac owner, Hussain Sajwani currently resides in Dubai and has fathered four children. His son Ali has been regarded as a future star by the Arabian Business Achievements Awards and currently holds the position of General Manager of Operations at Damac. Ali graduated from the North Eastern University majoring in economics.