The DAMAC Owner and His UAE Empire

The DAMAC Owner and His UAE Empire

Hussain Sajwani grew from his experiences helping his father in the family variety store during after school hours. The hours were long and he kept telling his father that being a businessman just wasn’t his cup of tea. He would rather be a professional so he would not have to work so many hours.

As things turned out, he became a businessman, just like his father, only thousands of times more successful. Sajwani is the founder and DAMAC owner, a Dubai real estate development company that builds and manages properties from Dubai, London, Paris, and many other points in the Middle East.

Sajwani seized the opportunity when the powers that be in the UAE allowed investors from outside of the Emirates to purchase property and live there. He was a great promoter of his very luxurious apartments, condos, and resorts. He emphasized, “A New Bently for Each Luxury Apartment.” Lately, he has even partnered with Donald Trump before Trump was elected President of the United States in Trump Golf Courses and resorts.

In an article from Ebizine, it says that Sajwani has been judicious in his business operations by paying cash only for land. That way no one can ever fully foreclose on him and he will always have a place to rebuild if necessary. He also keeps separate accounting and bank accounts for each property so it stands on its own financially. He also maintains adequate cash reserves, held in bond just in case of market downturns which occur occasionally.

Sajwani has properties all over the UAE, other Middle Eastern countries, as well as in London and Paris. His company is looking at other countries in which to expand such as Saudi Arabia in the Riyadh and Jeddah areas as prime targets. He is also placing family members in key management areas as their talents allow in order to keep the company in the family as it grows.

Sajwani’s musings as a schoolboy did not quite work out except by becoming an entrepreneur he has in a sense become a professional as well. Sajwani is involved in many civic and city planning endeavors as his reputation for quality and city changing properties are apparent. Sajwani also tries to give back by donating to needy children.

Look at this: analystoffinance.com/2018/05/damac-owner-hussain-sajwani-re-built-dubais-real-estate-market/

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