Hussain Sajwani (@hussainsajwani) is a renowned and self-made billionaire. He was born in 1952 in Sharjah, the United Arab Emirates in a humble family. Hussain Sajwani went ahead to obtain a government scholarship in the United States of America, where he obtained a bachelor’s degree in economics and industrial engineering from the prestigious Washington University. Upon completion of his studies, he started his career at the Abu Dhabi National Oil Company as a contracts manager.
Being a man of great vision, CEO Hussain Sajwani was not satisfied with employment. In 1982, he started his own business, venturing into the catering industry. From a simple beginning, the catering company experienced massive growth in terms of operations and revenue. The company rapidly became a trendsetter in the market, managing hundreds of projects and offering meals to approximately 200,000 markets all over the world. The company also offers ancillary services like providing camp maintenance, management, and supply of the human resource.
With growing demand for property in Dubai in the 90s, DAMAC Owner Hussain Sajwani saw a niche in the property market and established DAMAC properties. Today, the company has expanded to be among the market leaders in the properties development field in the Middle East and beyond. With Sajwani’s vast expertise in property development aspects like administration, legal, sales, finance, and marketing DAMAC properties has established outstanding projects in major cities, chief among them, London, Doha, Amman, Muscat, Dubai, and Abu Dhabi. DAMAC Properties has done over 8,890 units and is currently doing 19,136 units which are near completion.
DAMAC properties’ impressive performance has attracted major market leaders in fashion and lifestyle brands to bring a new concept into the market. The most recent partnership is the Tiger Woods-designed golf course project, which is managed by the Trump organization. Others include Fendi Casa and Just Cavalli, in a project to develop luxury apartments with interiors by Italian fashion-houses Versace Home.
HussainSajwani, as the chairman of DAMAC properties, has committed to giving back to the society through cooperate social responsibility. Recently, he donated over AED two million during the Ramadhan to help the needy. The initiative was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.