Hussain Sajwani is a property developer and billionaire from Dubai. He is also the brains behind one of the largest property development companies in UAE, DAMAC Properties, and Hussain Sajwani Family foundation. Sajwani has been referred to as “The Donald Trump of Dubai” because of his multi-billion property development investments and relations with the US president. He is listed on Forbes Magazine’s 2017 issue that is about the World’s Richest Arabs.
Education and career highlights
Sajwani got most of the inspiration to become an entrepreneur from his father who had a shop selling goods that are imported from China. He was fortunate enough to acquire a government scholarship for studying in the U.S. This real estate billionaire enrolled in the University of Washington to pursue undergraduate degrees in economics and industrial engineering.
After finishing school, Hussain Sajwani was hired by Abu Dhabi Gas Industries to work in the company’s finance department. The DAMAC owner later decided to open a catering company whose main client was the US army. The company is still active and is known as Global Logistics Services.
Hussain Sajwani’s career breakthrough was in 2002 when he founded DAMAC Properties. The company is listed as a publicly-traded venture on the Dubai Financial Market. It has also managed to develop more than 19,000 apartments. DAMAC Properties has 44,000 units that are still under construction.
Partnership with President Donald Trump
Before the US presidential elections that saw Donald Trump win, Hussain Sajwani and Trump were close business partners. They had collaborated on a golf course project. The partnership agreement stated that the project was designed by Tiger Woods and managed by President Trump’s The Trump Organization. It features luxury apartments (whose interiors are styled by Fendi and Versace) and luxury villas that are decorated by Bugatti. Hussain Sajwani’s Damac Properties also collaborated with Paramount Pictures to develop Paramount Hotels and Resorts.
Courtesy of DAMAC Properties, Hussain Sajwani recently contributed $1 million to the #UAECompassion Campaign. The campaign is aimed at supporting refugees in Lebanon and Jordan who were affected by the “Huda” snowstorm. DAMAC Properties also donated to the “Tarahamu” campaign. The two campaigns were launched by the UAE Red Crescent in support of victims hit by the snowstorm.
To learn more, visit http://hussainsajwani.com/.