Hussain Sajwani is a highly accomplished entrepreneur from Dubai. He received a bachelor’s degree from the University of Washington and has founded several influential companies throughout his lifetime. His food service company even earned him recognition from the United States’ Army during Operation Desert Storm. Hussain Sajwani has over thirty years of entrepreneurial experience, a net worth of approximately 3.3 billion dollars and is recognized as one of the 100 most globally influential Arabs.
Throughout the 1990s, a large influx of people came to Dubai. Hussain Sajwani recognized that there was a strong need for housing for these people, and he began to build hotels in response. Eventually, in 2002, he founded DAMAC properties so as to further fulfill this need. After founding the company, he sold his first residential building in under six months. DAMAC properties primarily focuses on luxury residences and extravagant commercial properties. For example, Hussain Sajwani collaborated with Donald Trump to build the Trump International Golf Course, designed by Tiger Woods, in Dubai. In addition to building glamorous properties, DAMAC also invests in other real estate projects.
Since its founding, DAMAC has grown to employ approximately 2,000 people and is a publicly-listed company. The company operates in over twenty countries and is the largest property developer in the Middle East. They have delivered over 16,800 homes and have an additional 44,000 units in various states of progress and development. The company branched out in 2011 and founded DAMAC Maison, which is a division that provides hospitality services to the patrons, guests and residents of DAMAC properties. This expansion led to DAMAC becoming one of the largest operators and developers of hotel apartments.
In addition to founding DAMAC, Hussain Sajwani has also sat on other boards for organizations such as JUNO Online and the Majan University College. Additionally, he has participated in various philanthropic projects and efforts. For example, in 2013 Hussain Sajwani donated AED 2 million to the Emirates Red Crescent. His donation helped to provide clothing to over 50,000 children in need.