The founder of DAMAC Properties, Hussain Sajwani is ranked by Forbes magazine among the top five richest Arabs in the world. The story of DAMAC owner inspires many Arabs because he started from humble beginnings and built his dynasty. He was recognized among the 100 most influential Arabs and has portrayed excellent business acumen in his dealings. The United Arabs Emirates national is married with four children.
As a kid, Hussain Sajwani spent most of his time after school helping out in his father’s shop. This experience encouraged him to become an entrepreneur. He started out by developing small hotels before he decided to venture into prime real estate. The DAMAC owner prides himself in taking investment risks that present vast opportunities for growth. Hussain thinks receiving daily updates from his management teams ensures he has a productive day.
The emergence of online marketing is one digital trend that excites the billionaire. Hussain Sajwani admits that this trend has revolutionized the concept of sales and marketing as more people are embracing it. The DAMAC owner is well conversant with social media platforms and news websites because he likes to be in the know of what is happening around him and the world.
Hussain Sajwani points out that appreciating every moment in his life, especially his failures and embracing them has contributed to his success. He encourages business executives to be willing to learn new concepts and to introduce new aspects to their businesses. He says if given a chance to go back in time, he would not change anything because everything Hussain has done in the past has led him to become the person he is today.
DAMAC Properties has expanded to become the top real estate company in the world. Hussain Sajwani attributes this to having a motivated team. The firm has developed more than 19,000 homes and has several projects that are still in development. In addition to the real estate company, the DAMAC owner also has an international catering business called Global Logistics that he established in 1982. He schooled at the University of Washington where he graduated in Economics and Industrial Engineering.