Hussain Ali Habib Sajwani is one of the world’s elite business owners, with a net worth of 3.9 billion dollars, it’s hard to not pay attention to his business.
Hussain Sajwani’s residential real estate company, DAMAC Properties was founded in 2002, on the heels of a government decree permitting those not from the UAE to own property in the emirate of Dubai.
Damac owner Sajwani’s roots begin with a food service business, which by most peoples’ standards, would be very profitable. His food firm itself orginally served workers in the energy sector. Despite the millions he made in his contracts with the US military and construction giants like Beltech, he decided to build a future on property.
During this time he purchased land in an undeveloped area, built his first 38-level residential building, and in less than six months Sajwani sold six units before construction had begun. Sajwani’s business exploits with DAMAC have since helped to build the image of Dubai as it is known today—a bustling, glittering, glamorous desert metropolis.
DAMAC engages in the development of residential, commercial, and leisure properties in Dubai and the Middle East. Among their dozens of projects are luxury villas, designer-built residences, and highrises, working with names such as Fendi Casa and Versace, as well as Bugatti.
DAMAC Properties holds sites which are envied in Dubai, such as the Maison Cour Jardin, and the AKOYA Oxygen community, as well as waterfront towers on Business Bay, and dozens of other locations, within and outside of Dubai.
Sajwani and DAMAC later partnered with Donald Trump in 2013 to build two Trump branded Golf Courses – Trump International Golf Course and the Trump World Golf Course. Trump and The Hussain Sajwani family are business partners to this day and enjoy a cordial, social relationship.
DAMAC and Hussain Sajwani also have a history of philanthropic outreach. In the September 2013 initiative launched by Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, Hussain Sajwani offered a gift of two million AED for the purposes of clothing 50,000 children in need.