Internationally known Middle Eastern businessman and entrepreneur Hussain Sajwani is the founder, CEO and chairman of the real estate development company DAMAC Properties. A native of the United Arab Emirates, Sajwani has a degree from the University of Washington. After college, he was hired as a contracts manager for an Abu Dhabi National Oil Company subsidiary called GASCO. A few years later, Hussain Sajwani left GASCO to go into independent business. In 1982, he founded a catering company and secured contracts to provide food services for employees of the construction giant Bechtel as well as members of the U.S. military stationed in the Middle East.
Hussain Sajwani began investing in real estate in Dubai in the 1990s. Seeing the thousands of people that regularly came into the country to do business, he began building hotels to provide quality accommodations for them. When the government of Dubai decided to let foreigners buy property in the emirate in 2001, Hussain Sajwani saw a lucrative opportunity. He founded DAMAC Properties the next year and began buying real estate and building and selling condominiums and apartment homes. Within six months, he had built and sold entire developments filled with hundreds of condos.
A very shrewd businessman, Hussain Sajwani has assembled a team with expertise in administration, finance, legal services, marketing and sales. DAMAC Properties now has a staff of over 2,000 and has completed prestigious construction and real estate development projects in London, Dubai, Beirut, Abu Dhabi, Riyadh, Doha, Jedda, Amman and many other important global cities. Sajwani’s company is now among the Middle East’s largest luxury property development firms with over 22,204 homes sold and more than 44,000 units under development. In 2013, Hussain Sajwani and Donald Trump joined forces to build two Trump-branded golf course developments in Dubai.
Hussain Sajwani has continued to make major moves. He founded DIO Investments through which he’s involved in regional and global investments, private equity and capital markets. Hussain Sajwani, who now has a net worth of over $3.1 billion, is a committed philanthropist and supports charitable organizations and causes worldwide benefiting needy children and families.
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