Hussain Ali Habib Sajwani is one of the wealthiest Arabs in the United Arab Emirates. He is the founder and CEO of Damac properties a company that deals with luxurious property developments. He joined the real estate market in 1995 when he realized that the visitors streaming into the country for business did not have places to stay, so he set up units to accommodate them. In 2002, he entirely focused on the industry and then started DAMAC properties.
The real estate Titan is well known for delivering homes with development portfolios. Under Hussain Sajwani’s guidance, the company has successfully finished about 20,000 home projects and has well over 44,000 units in progress. In 2011, the DAMAC properties team launched a hospitality division that was meant to target about 15,000 apartments and hotels that are serviced. They are headquartered in UAE and have expanded to places like Doha, Saudi Arabia, Lebanon, the United Kingdom and Qatar.
The property development company according to aliqtisadi.com has worked with various brands to improve the outlook of their projects. In their list is Tiger Woods for the golf course designs, Fashion brands like Versace to bring new exciting ideas to the constantly changing market and Bugatti to design their prime luxurious apartments and villas. Besides having a personal relationship with President Donald Trump and his family, the two are incredible business partners. He developed the Trump International Golf course, and despite being president, Trump said he would continue with the business relations having his sons and Wife Ivanka get involved.
The Arab billionaire has a philanthropic spirit, and in 2013, he supported a campaign that was started to feed and clothe one million needy children, a Ramadhan initiative by Sheikh Mohammed Bin Rashid. Hussain Sajwani, the DAMAC Owner said that children were the future of tomorrow and it was only fair that they got a good foundation to start out their lives. On behalf of DAMAC properties, he contributed AED 2 million, a donation that was meant to provide clothing for more than 50,000 needy children. He has continued to support the Sheikh, and with the opening of DAMAC Maison, their hospitality section, they will continue to better the lives of other people.
Helpful resource: forbes.com/profile/hussain-sajwani/