Hussain Sajwani is the founder of DAMAC Properties Dubai Co. The company was founded in 2002 and its headquarters is the United Arab Emirates city of Dubai. The DAMAC owner focuses on residential, commercial and leisure development in the Middle East, as well as Dubai. The company also invests in real estate projects by other developers. DAMAC also partners with financial entities such as Noor Bank to offer financing for some of their residential properties.
Sajwani has developed a partnership with the Trump Organization and sees the partnership as beneficial for both companies. The two companies have collaborated on the Trump International Golf Club and sold luxury villas for almost $2 billion in sales. Not only has Sajwani dealt with Donald Trump, he also deals with his children Ivanka, Donald, Jr., and Eric. Donald Trump has promised he will not be making any deals with Sajwani, as he will hand the control and operation of the company to his children. His collaboration with the Trump Organization will continue with his children.
The two families have become great friends and the Hussain Sajwani family takes great pride in being friends with the people he works with. It makes the relationship more personal rather than a cold, sterile relationship. The Trump children represent the family brand to investors admirably. Sajwani admires the commitment the children have for the business and are diligent in their relations with other countries and use social media to relay information about business meetings with others.
Because of Trumps election as the president of the United States, Sajwani feels his business has been enhanced. The association he has with the Trump Organization, as with Donald Trump himself speaks volumes as the Trump name is recognized and greatly respected throughout the world.
Before the real estate business, DAMAC was involved in the food industry. Through diverse business dealings, he has developed the ability to cultivate friends and business contacts in high places, as well as on an international level. He is putting his unique business ability to great use as he positions DAMAC to take full advantage of the real estate recovery in the United Arab Emirates (UAE). He provided public stock offerings through the London Stock Exchange (LSE), as it becomes one of the best initial public offerings vehicles.
Sajwani finds real estate development challenging, but preferable to the food service industry. The profit margins for real estate are higher than the food industry. Real estate tends to be more flexible even with tougher regulations, but overall that is seen as a very good thing, especially for Dubai Know how Sajwani rebuilt Dubai’s real estate market, here.
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