Hussain Sajwani was born in 1952/1953 in Sharjah, UAE. He is a prominent Emirati property owner and billionaire. His vast wealth comes from his long entrepreneurial career. He is the founding father and chair of DAMAC Properties, a company that focuses on real estate development. His company has had a lot of success in recent years. In fact, DAMAC Properties even ranked first on the list of fastest expanding international companies by Forbes 2017 Global 2000. Hussain Sajwani ranked 4th in the list of the world richest Arabs with a whopping $4.1b net worth.
Hussain Sajwani grew up with a business-minded father. His father sold pens, shirts, watches and all sorts of goods that he brought in from China. Therefore, it is evident that even from an early stage in his life, he was exposed to business and business dealings. He took after his father when he started his own catering business. However, he left this business soon after to start DAMAC Properties.
Today, this real estate development company has grown to be among the biggest real estate development agencies in the Middle East. In fact, this company has a large and impressive portfolio that solidifies its position. Since its establishment, this company has gone on to develop 19000 apartments and more than 44,000 housing units. The company became publicly listed in 2015 with shares listed by the Dubai Financial and stock Market.
Aside from his business acumen, Hussain Sajwani (@hussainsajwani) is also an expert when it comes to fostering beneficial business relationships. These relationships have proven very beneficial in his line of work, therefore, it is not a surprise that among the projects under DAMAC Properties is the golf course conceived by pro-golfer Tiger Woods, luxury apartments that have interiors designed by Versace & Fendi, high luxury villas that are decorated by Paramount Hotels and Bugatti and resorts that were developed through his collaboration with the internationally known Paramount Pictures.
DAMAC Properties is also involved with several charities. In the year 2017, the Hussain Sajwani’s DAMAC Foundation sponsored the Dubai Future Foundation’s a million Arab programmers Initiative. This initiative was flagged off by the VP and PM of the UAE, Sheikh Mohammad bin Rashid Al Maktoum.
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