Hussain Sajwani – UAE’s Real Estate Tycoon With Footprints Globally

Hussain Sajwani is the owner and Chairman of the largest and most luxurious private residential real estate developing firm in the Middle East, DAMAC Properties. He founded the company in the year 2002 by taking advantage of the Dubai’s government decree that permitted people from abroad to invest and own properties in the country. With limited capital to invest in his real estate start-up, he bought an empty plot in the then suburb of the Dubai city.

 

 

Within six months of buying the plot, he managed to sell the 38-story residential building, even before the construction work began. This clearly exemplifies his incredible salesmanship, communication, and business skills. He is the third-richest person in the United Arab Emirates today, and his net worth stands tall at $3.3 Billion.

 

 

Starting with Dubai initially, DAMAC Properties continues to have headquarters there and operates in over 20 countries, including at Riyadh, Doha, Amman, Abu Dhabi, London, Beirut, and many others. He also has a keen interest in the stock market and has a vast stock investment portfolio that is diverse and linked with many different regional as well as global equity markets. Hussain Sajwani is a dynamic businessman who always keeps a close watch on the real estate updates from around the world, and collaborates with different real estate firms and invests wherever he finds scope.

 

 

One of his major collaborations is with the Trump Organization for Trump International Golf Club, a dream real estate project that has already amassed over $2 Billion in sales. The relation between Hussain Sajwani and the US President Donald Trump, owner of Trump Organization goes back way before the later became the President Of United States. Both the families, even though primarily linked through business, has over time developed a cordial and friendly relationship that involves not just business meetings, but also having family dinners together whenever they happen to be in the same cities.

 

 

In 2013, Hussain Sajwani contributed AED 2 Million for the Ramadan initiative taken by the then Vice-President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammad bin Rashid Al Maktoum to provide clothing to 1 million underprivileged children across the globe. Overall, it can be said without an iota of doubt that Hussain Sajwani is a dynamic personality who is always on the move and doesn’t hesitate in taking risks while ensuring consistency and sustainability in all his endeavors.

 

http://www.emirates247.com/news/richest-arabs-youngest-billionaire-wealthiest-family-2016-04-17-1.627434

Hussain Sajwani