Hussain Sajwani has been described as the father of the real estate industry in UAE. For two decades now, Hussain Sajwani is still one of the most influential people in the Arab world. Apart from being influential and wealthy, he is a mentor to thousands of people around the world. Hussain Sajwani started his life in the world of business from a very young age. The DAMAC owner was introduced to business dynamics through his family business. Sajwani was also fortunate to be among the few UAE students that received a scholarship to study in the UAE.
His study at the University of Washington exposed him to the business dynamics of the USA. Working in the USA market largely influenced his business philosophy, which he still holds dear today. Apart from working and studying in the USA, he is fortunate to be one of the few investors to have the experience of the two worlds of investment. His background in economics and engineering also has an impact on the way he runs his investments.
What made DAMAC owner transform from just an employee to one of the major investors in the world? First, he has a sharp eye for opportunities. Surprisingly, DAMAC Properties is not his first venture. He first made debut in the investment world through a food outlet. However, the Dubai transformation from a typical city to what it is today made Hussain Sajwani make the change from the food industry to real estate. His company was instrumental in developing and selling high-end properties and offices in the new city. Since then, Hussain Sajwani has made some critical decisions on making the company a public traded company primarily to expand the company operations.
Currently, Hussain Sajwani has expanded to other property markets outside his home country. Over the years, he has been able to make partnerships in the world of real estate. In return, DAMAC owner has successfully entered competitive markets such as London properties market. He is also a common factor in the Arabian countries still in real estate development. To-date, his company has completed close to 20,000 homes and close to 50,000 units around the world.
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