Hussain Sajwani is the founder, chairman and current Chief Executive Officer of DAMAC Group. According to Forbes, his real net worth is more than three point six billion US dollars.
How Hussain Sajwani earned his vast wealth
Hussain Sajwani earns a huge chunk of his money from his real estate company, DAMAC Properties which he founded in 2002. He took advantage of a decree which had been declared by the Dubai government to allow foreign investors to own properties in the Emirates.
Mr. Sajwani bought land in the underrepresented areas of Dubai, built massive storey houses which he later sold in a period of less than six months. He helped restore the glorious image of Dubai before teaming up with Donald Trump, the current President of The United States of America.
Hussain Sajwani’s vast experience in properties market
Besides founding DAMAC Properties, Hussain Sajwani is as well recognized as one of the pioneers behind the expansion of Dubai Property markets. In the middle of 90’s Hussain constructed numerous hotels which accommodated the ever growing numbers of people coming into Dubai for business and trade.
Currently, Hussain Sajwani is ranked as one of the a hundred most influential Arabs across the whole world.
DAMAC Owner Hussain Sajwani’s relation to Donald Trump
Donald Trump’s relation to Hussain Sajwani is centered on Hussein’s real estate businesses. It therefore, came as no surprise at all when President Donald Trump praised Hussain Sajwani in his New Year’s Eve speech. However, Hussain Sajwani maintains his relationship with Donald Trump exceeds beyond business partners to actual friendships.
The founding journey of DAMAC Properties
DAMAC Properties was established in the year 2002 by Hussain Sajwani. With its headquarters in Dubai, DAMAC specializes in commercial, residential and leisure properties in Dubai and in other areas in Middle East. Not only does it construct but also invests in other worthy real estate projects.
Currently, DAMAC Properties provides diverse job opportunities to more than two thousand people. DAMAC tops in the list of real estate companies with superior track records when it comes to luxury property development.
DAMAC properties has partnered with other gigantic fashion brands to come up with new concepts in the market.