When billionaire Damac owner Hussain Sajwani began developing luxury property in Dubai, DAMAC Properties’ modern residential high rises helped to transform the emirate’s skyline. In 2001, the Dubai government announced that foreigners could now own property in the emirate; by 2002, Sajwani established DAMAC Properties, and he started building upscale homes for foreigners.
Creative marketing strategies, such as giving away a luxury car to people who purchased apartments in January, attracted buyer’s attention. DAMAC Properties has built 15,500 homes to date and with an additional 40,000 units in the planning stage, therefore, it is clear that homebuyers favor DAMAC Properties’ luxury apartments, villas and mansions.
When the Hussain Sajwani family traveled Donald Trump’s Florida estate for a New Year’s party, Trump singled them out for praise. The Trump organization is managing the Trump International Course Dubai, which is located in the heart of DAMAC Properties’ Akoya community, surrounded by magnificent homes. For brand-obsessed consumers, DAMAC Properties has collaborated with Bugatti, Fendi and Versace to increase their property’s cachet.
A self-made man, Hussain Sajwani lived in a middle-class home as a boy; his father was an entrepreneur. While Sajwani helped in his father’s store, he was not planning to start his own business. Instead, Sajwani came to the United States on a government scholarship and graduated from the University of Washington in Seattle. Learn more about Hussain Sajwani: https://www.facebook.com/HussainSajwaniOfficial/
After he graduated and returned to the UAE, Hussain Sajwani took a job with the Abu Dhabi Gas Industries; however, he decided to start his own catering business to serve foreigners in the Middle East. The business did well; he served the U.S. military and private companies. The catering company because the first business in the DAMAC Group, a conglomerate of companies. Read more: DAMAC Chairman Relishes His Roots | The National
Hussain Sajwani dabbled in real estate with his profits from the catering business; however, he sold those properties to buy undeveloped land in he Marina, where DAMAC Properties first building is located. The rest is history.