DAMAC Owner, Hussain Sajwani

Hussain Sajwani founded DAMAC Properties in 2002 and remains its majority shareholder and chairman. The company is the top luxury real estate developer in Dubai, the United Arab Emirates. It is famous worldwide for developing some of the most beautiful buildings and properties in the world.

Sajwani was born in either 1952 or 1953. He entered adult life by attending and graduating from the University of Washington with a B.A. in engineering and economics. In 1981 he worked in the area of finances at Abu Dabi Gas. In 1982, he started a catering business. Today it is one of the biggest catering businesses in Dubai. It currently manages over 200 projects worldwide and serves more than 150,000 meals a day to groups in a wide array of industries.

The Sajwani, the DAMAC Owner, entered the real estate industry. In the mid-90s, he built a number of hotels in Dubai. His real estate endeavors went to well and were so successful that in 2002 he founded DAMAC Properties.

Over the years Sajwani has garnered a vast amount of experience and knowledge in Marketing, sales, legalities, finance, and administration. DAMAC employs around 2,000 people and has shares traded on the Dubai Financial Market. Throughout its history, it has also partnered with many of the top fashion and lifestyle brands in the Dubai area. Some of their most lucrative projects have included a golf course designed by Tiger Woods, various luxury apartments (over 19,000 since inception), luxury villas, and some of the top hotels in the world.

It is estimated to be worth about $2.9 billion. Forbes stated that Sajwani is currently the 4th richest Arab, with a net worth estimated at $4.1 billion. He has also been listed by Gulf Business as one of the 100 most globally influential Arabs. In 2017 DAMAC began sponsoring the Dubai Future Foundation’s One Million Arab Coders Initiative which seeks to provide free software development training to 1,000,000 young Arabs.

From this source: https://www.albayan.ae/economy/local-market/2018-02-12-1.3184075

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