Hussain Sajwani is a Dubai businessman who is the founder, chief executive officer, and chairman of DAMAC Properties. He had developed this company into a real estate development firm that has built luxury residential properties throughout the Middle East as well as one in London. He is starting to pick out sites in Europe as well to put in luxury buildings, such as the coast of Spain.
After graduating from the University of Washington, Hussain Sajwani moved back home and soon thereafter launched a catering venture. Since he founded this company in 1982 it has expanded and it now supplies catered food in nations throughout the Middle East, Northern Africa, and the Commonwealth of Independent States. He saw an opportunity develop in the United Arab Emirates real estate market in 2002 which is when he launched DAMAC Properties.
Today, DAMAC Properties has built luxury homes in cities like Dubai, Doha, Beirut, Riyadh, Jeddah, and more. He and his team have delivered almost 18,000 homes and their development portfolio includes another 44,000 that are in different stages of development. He has ably led this firm and it is his leadership ability that is largely credited for the huge success of his company.
Hussain Sajwani says that when he was a child he often worked at his father’s retail shop. He says this experience influenced him to be an entrepreneur himself once he got older. While he attended the UW he sold time-share apartments on the side in order to generate income. He saved quite a bit of this money and used it when he launched his catering venture.
As for his typical day of work, Hussain Sajwani says that he spends a good part of each day in business meetings. These often involve his management team who keep him informed about all of the different aspects of DAMAC Properties. He also has meetings with partners of his company as well as people in the business community. He says he has forged many professional contacts because that is how you get ahead in the real estate industry.