Category Archives: people

HUSSEIN SAJWANI FOUNDER AND CEO OF DAMAC PROPERTIES

HUSSEIN SAJWANI FOUNDER AND CEO OF DAMAC PROPERTIES

Hussein Ali Habib Sajwani commonly known as Hussein Sajwani was born in the year 1954. His mother was a hawker and the father a pet store owner. He lived a pretty much normal life in a middle-class household.

 

At the tender age of three, Hussain was already working in his dad’s store. This gave Hussein Sajwani the entrepreneurial experience that would later come in handy for his business empire later in life.

 

He is the proprietor of Damac Properties which was founded in 2002 just when Dubai was going through a boom in real estate business. Damac Properties deals in the development of top of the range, luxury, commercial and residential properties as well as real estate properties in Dubai and the Middle East. One of the marketing strategies associated with Damac Properties is awarding a Bentley for some of the purchases made in his company. The company has its headquarters in Dubai. Damac plans to list its shares on the London Stock Exchange as one of its IPO venues.

 

Some of the developments under Damac Properties include; DAMAC Maison De Ville, DAMAC Maison, AYKON Hotels & Resorts, DAMAC Maison Royale. Each of these caters to different classes of high-end clientele.

 

Hussein Sajwani hopes to strengthen his business ties with the real estate titan The Trump Foundation. The Trump Foundation is a real estate giant company owned by President Donald Trump. Hussein Sajwani has previously worked with the Trump organization in the establishment of the Trump International Golf Club. Their collaboration resulted in sales of up to $2 billion from the sale of the luxury villas by Damac.

 

However, Trump stated that he might not be in a position to take on any more business partnership while in office for fear of conflict of interest. But the two enjoy more than a business relationship that has seen both families create strong ties.

 

Hussein Sajwani and Damac Properties regular engage in corporate social responsibilities. Some of the donations made include AED 1Million for the establishment of a modern center for Dubai Autism center and support to the UAE Red Crescent which assists less fortunate kids.

 

https://www.crunchbase.com/person/hussain-sajwani#/entity