Hussain Sajwani is known to be one of the pioneers in the real estate space of the Middle East. He started Damac Properties in 2002, and today, it is among the largest and one of the most successful real estate firms in the country. Hussain Sajwani is the third richest person in the United Arab Emirates as per the reports provided by Forbes. He is estimated to be worth close to $3.8 Billion. Damac owner also started Al Jazeera Services, a firm that provides catering services to organizations and large corporations.
Al Jazeera Services managed to grow very fast under the leadership of Hussain Sajwani in its initial days and also bagged big clients such as the real estate giant Bechtel and the U.S. Military. Hussain Sajwani started Damac Properties because when he came back to Dubai from the United States after completing his studies, he noticed a major transformation in many sectors, and one of it was real estate. The first thing he did after returning to Dubai was doing a massive land search and finding a lucrative plot for high-rise construction. Hussain Sajwani eventually purchased a plot of land on the outskirts of Dubai and planned a 35 story luxurious residential building on it, which he managed to sell off in a period of just six months even before the construction works began.
Hussain Sajwani is known to have sharp business foresight and acumen, which helped him to project Damac Properties as one of the most luxurious residential and commercial property developers in the Middle East. The company was able to attract the rich and the wealthy not only from the United Arab Emirates but from across the globe. Hussain Sajwani is also a regular investor in the equity markets and has an extensive stock investment portfolio.
As a responsible citizen of United Arab Emirates, Hussain Sajwani is well aware of his responsibilities and continues to give back to the society in various ways and through numerous charitable donations. Hussain Sajwani recently donated a huge amount of AED 2 Million in an initiative to provide clean clothing to 1 million underprivileged children across the world. Hussain Sajwani family also continues to volunteer for many different charity events and organize fundraising events for the uplift of the backward class in the society.
To learn more, visit http://www.damac.com/.