Hussain Sajwani/DAMAC Owner
Hussain Sajwani based DAMAC Properties at 2002; he remains the vast majority shareholder and its own Chairman. DAMAC Properties was created in 2002 as a luxury property developer providing unrivalled living adventures in Dubai, the United Arab Emirates. The business has grown to become one of the leading luxury developers, together with projects spanning the GCC, the broader Middle East and the uk. Having a lasting enthusiasm for quality and design, the business has established a reputation for producing some of the most famous and desired properties in the area.
Following a brief interval, he established his own company and in 1982 began his own catering enterprise.
From small beginnings, the leasing department has grown from strength to strength and now is a market pioneer managing over 200 jobs and serving over 150,000 meals per day in many of markets such as the Middle East, Africa and the CIS. Along with servicing building campsites, military camps, educational establishment, five-star resorts and onshore / offshore places, the branch specialises in supplying ancillary services such as camp management, upkeep and maintenance supply.
Sajwani was also among the pioneers of this house market growth in Dubai. From the mid-90s, he constructed several resorts to accommodate the rising influx of people coming into the emirate to conduct trade and business.
Sajwani’s know-how and experience within the business of real estate development from advertising, sales, legal, finance, and management is among the essential drivers of the organization’s success and now, DAMAC Properties has many prestigious jobs in key worldwide cities such as Dubai, Abu Dhabi, Doha, Amman, Beirut, Jeddah, Riyadh and London.
The business has among the best track records in the luxury property development market and thus far has given over 20,880 houses, using a growth portfolio of over 44,000 units at different phases of preparation and advancement.
As a major manufacturer on the current market, DAMAC Properties has joined forces with some of the very used fashion and lifestyle brands to deliver exciting and new living theories to the marketplace. Projects incorporate a Tiger Woods constructed golf course, which is handled by The Trump Organization, luxury flats with insides by Italian fashion-houses Versace Home and Fendi Casa, stylish baths with interior design by Just Cavalli, luxury villas styled by Bugatti, and distinctively conceptualised Paramount Hotels & Resorts to provide ventilated living in its most opulent.
Back in October 2011, DAMAC Properties established its hospitality branch’DAMAC Maison’, which will offer bespoke solutions to residents in over 15,000 serviced hotel rooms and hotel apartments. This will place the Company among the greatest hotel operators and programmers in the area.
The extraordinary development of DAMAC could be attributed to the vision and entrepreneurial abilities of Sajwani. Listed among the 100 most internationally influential Arabs, he’s the proven capacity to move a company vision into corporate fact; and also to provide the direction required to keep continuity and expansion.
As an astute businessman and investor, DAMAC Owner Sajwani additionally has an established history of successful forays to the international equity and capital markets. He holds investment portfolios of securities in many of regional and international markets.
DICO Investments Co LLC is the flagship investment Business. This provider focuses on investments in private pensions, mergers, and acquisitions and retains majority and minority holdings in publicaly traded firms and is always searching for value propositions from the regional and global investment spheres.
According to akhbarak.net, other regions of company interest for Sajwani are at the area of trading, including Al Amana Building Materials, located in Oman, which represents world-famous names such as Villeroy & Boch, Grohe and Dorn Bracht, to mention a couple. A additional small business interest within this discipline within his portfolio is Al Anwar Ceramic Tiles Co, the very first and one of just two tile producers in the country.
The business was recorded in 1997 and since that time has produced remarkable results in changing marketplace conditions.
Sajwani resides in Dubai together with his wife and four kids.
Sajwani’s website: https://hussainsajwani.com/ar/