The real estate sector in Dubai has no doubt seen astronomical levels of development in the past seventeen years. The UAE government decree of two thousand and two, allowing people of foreign origin to own properties in Dubai, contributed a great deal to the construction boom. To mention the Dubai real estate boom without mentioning the name of DAMAC Properties Chairman, CEO, and Founder, Mr. Hussain Sajwani will be grossly misrepresenting the contribution that real estate mogul has made.
Born in a rather conservative middle-class home in 1954, Hussain Sajwani made it to the University of Washington where he graduated with a degree in Industrial Engineering and Economics. After his graduation, Hussain Sajwani worked for GASCO where he offered service as a contract manager. This was to be a short spell as he discovered his entrepreneurial spirit two years later when he moved out and formed a catering firm. The firm catered to various customers including the US army in a relationship which flourished during the Operation Desert Storm. Today the company operates under the name Global Logistics Service.
In 2002 he founded the DAMAC Properties, and successfully oversaw its growth to be one the giants of the Middle East construction industry. It is here in DAMAC Properties that his astute business nature has come to flourish. Taking advantage of an improving real estate environment in Dubai, DAMAC owner, through his company, made a series of decisions that altered the commercial and luxury real estate market in Dubai. With a policy of developing properties on low cost land and then marketing them heavily, DAMAC was already a company to watch a few months after it was formed.
In his character of establishing relationships with high profile clients and developing partnerships with other entrepreneurs business, Hussain Sajwani family teamed up with Donald Trump, another real estate mogul, and the current US President. Together they have built projects like Tiger Woods-designed Golf Course and others under consideration. Learn more: https://www.crunchbase.com/person/hussain-sajwani#/entity
Hussain Sajwani participates in philanthropic ventures too, donating huge sums of money to various courses such as clothing children of poor neighborhoods around the globe and towards helping young entrepreneurs find their ground in the business world. Learn more: http://www.forbes.com/sites/kerryadolan/2016/03/01/the-donald-of-dubai-hussain-sajwani-interview/#1b049a722f15