Hussain Sajwani: A UAE Success

Hussain Sajwani has been compared to Donald Trump, and for some very good reasons. Like the American president, Sajwani has made billions of dollars and has been active in real estate development. Also, his is a name known around the world.

 

Sajwani’s father was an entrepreneur, too. He owned a watch shop. Sajwani, however, chose a different path from the one taken by his father. He started in the food service business, had success, and then created DAMAC Properties.

 

DAMAC’s success was built on a governmental decree by Dubai. This opened up the ability of foreigners to purchase property in the emirate. It was this segment of the market that became the bulk of DAMAC’s clients, and these clients bought out all of the units in Sajwani’s first residential apartment building before construction had even started.

 

It is Sajwani as DAMAC owner and CEO who has helped to build up Dubai’s image. Since its founding in 2002, the company has helped to shape the skyline.

 

Sajwani knows Donald Trump. The two have done business together since 2013. Out of their business relationship have emerged two Trump-branded golf courses. One opened in 2017, and the other is scheduled to open at the end of 2018.

 

The Hussain Sajwani family includes four children. One of the four, Ali Sajwani, is on the track to follow in his father’s footsteps. He is an economics graduate from Northeastern University, and he is now the General Manager of Operations at DAMAC Group. He is already earning recognition for his business acumen and, as such, was recently named as one of the Middle East’s Future Stars as part of the Arabian Business Achievement Awards 2017.

 

The success of Sajwani’s son Ali and his involvement in DAMAC also echoes that of the Trump family. Trump’s children Ivanka, Eric, and Donald Jr. have all played roles in their father’s business dealings.

 

DAMAC does not just focus on earning money, either. The company is firmly committed to giving back via various philanthropic efforts such as donating money to the UAE Red Crescent to support refugees.

 

Follow Hussain Sajwani on twitter.

Leave a Reply

Your email address will not be published. Required fields are marked *