Hussain Sajwani is a very successful real estate developer based in Dubai. He is the founder of Damac Properties. Sajawani founded the company in 2002 to develop properties in Dubai that he could sell to foreigners. He began by buying and developing properties in under-developed areas of the country. Sajwani’s first move was constructing a 38-story residential building and pre-selling all the units before he began construction on the building. Some of the spectacular buildings he constructed helped to give Dubai its reputation for having some of the world’s most fabulous residences.
Over the last 15 years, Hussain Sajwani has become internationally known for his ability to conceptualize and complete amazing commercial, residential and leisure projects. He has even created golf courses working in conjunction with golfer Tiger Woods and newly elected U.S. president Donald Trump. The projects Sajwani has done throughout the Middle East and the United Kingdom have made him a very wealthy man. His net worth is estimated to be in excess of $3.9 billion. Not bad for the owner of a real estate development company that is only 15 years old.
One of the first businesses with which the Hussain Sajwani family became involved was food service company he started in 1982. Sajwani’s exceptional skill at deal making enabled him to get food service contracts with the U.S. military as well as the construction giant Bechtel. The company continues to do very well and has many other very lucrative contracts. It remains an important part of Sajwani’s extensive business portfolio. The Damac owner, who recently signed a billion dollar contract to transform Oman’s waterfront into a tourist development, also owns many other companies.
Damac Properties is now one of the Middle East’s leading real estate development companies. However, Hussain Sajwani also owns DICO Investments Co LLC. The company handles private equities, mergers and acquisitions. Through it Sajwani has holdings in several publically traded companies worldwide. In a news conference President-elect Donald Trump had shortly after his inauguration, he called Hussain Sajwani a very, very amazing man. Powerbrokers all around the world consider this an apt description.
Check out Hussain Sajwani on LinkedIn.