Dubai is a place that was previously associated with oil businesses, but today it has proven to be dream home besides the long-term business notion. Hussain Sajwani, often referred by many as the billionaire developer, is among the few notable individuals who have contributed significantly to changing people’s notion about his hometown.
The 63-years old, Hussain Sajwani, is a resident of United Arab Emirates. He is the founder of DAMAC Properties, a renowned residential real estate developer. Hussain was not from a well to do family. His father owned a store in town where he used to work. His mother, on the other hand, used to hawk goods around their place of residence. Hussain says that his business experience dates back to his childhood since he was involved either directly or indirectly in his parents’ businesses.
Sajwani’s success stories date back to his young age. In 1978, he was among the few lucky students who won government scholarships to study in the United States. He joined the University of Washington where he graduated with a degree in Industrial Engineering and Economics. Upon graduation, Sajwani returned to his hometown filled with the urge to transform it into a home of the dream.
Upon returning, Hussain got his first job as a contracts manager in GASCO, a subsidiary of the renowned Abu Dhabi National Oil Company. Since his tender age, Sajwani is known to be a risk-taker when it comes to a chase for luck. In 1982, the successful business person set out to venture on his own. He established Draieh Management Services, a catering service provider that eventually became DAMAC Group.
DAMAC, a real estate company that he established in 2002, earned Sajwani a global recognition. To him, he was just utilizing a decree issued by the government which allowed foreigners to own properties little did he have a clue that it was going to be a breakthrough in his life.
Initially, the company was associated with incredible offers, such as the issuance of an exotic car upon purchase of a luxurious property. However, over time, DAMAC Properties has engaged in massive projects that have seen Dubai transformed into a luxurious home. Not long ago, Sajwani partnered with Donald Trump on golf courses project little did he know that he was going to be partnering with the POTUS.
When it comes to business, Trump is one among the few individuals with the necessary skills to run for the money. Hence, a partnership with Sajwani is evident that the Dubai-based tycoon is a mogul in real estate business. Besides, Hussain and Trump are very close friends. Before Trump joined the political field, both families used to visit one another. Despite Trump declaring to cease his engagements in business, Hussain says that their partnership is meant to continue through Trump’s children. To Hussain, Trump’s presidency is a chance for new developments in his hometown.