Hussain Sajwani’s DAMAC Properties and Catering

Hussain Ali Habib Sajwani is the CEO, executive chairman and founder of DAMAC Properties LLC. He was born during the year of 1954 in Dubai, United Arab Emirates. He was listed as one of Forbes’ top ten wealthiest Arabs of 2017, his current net worth is said to be over $4 billion. His privately held company is one of the fastest growing as well as the largest global real estate developers in the whole region of Dubai. Mr. Sajwani graduated from the University of Washington in with a Bachelor of Arts degree in Industrial Engineering and Economics in 1981. The Hussain Sajwani family consists of four wonderful children and his wife, they currently live in Dubai.

 

Prior to becoming the DAMAC owner, Hussain Sajwani used to work in the financial department for Abu Dhabi Gas Industries Ltd., formally known as GASCO in 1981. While working there, the company promised to sponsor his MBA after he worked there for more than two years. At that time, Mr. Sajwani grew a strong interest in the food industry and longed to work for himself. After the first year of joining GASCO, he decided to create and launch his own catering business, he named it DAMAC Food Services. His venture into catering was very successful, it has managed over 200 projects and served more than 150,000 meals to various countries, hotels, campsites, army camps, schools and more.

 

The DAMAC Properties was established in 2002 after Mr. Sajwani had an idea that non-Emiratis were the main market for apartment buying. This came after the Dubai government had released a decree that foreigners were now able to own property there. He quickly bought a plot of land and had erected his first residential building that was thirty-eight stories tall. DAMAC has developed many luxury properties over the years and in 2013, the company teamed up with Donald Trump to help develop two lavish golf courses, The Trump International Golf Course Dubai and the Trump World Golf Course that was designed by professional golfer, Tiger Woods. Hussain Sajwani recently won the Property CEO of the year honor at the 2017 CEO Middle East Awards.

 

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