Hussain Sajwani is an astute businessman and is currently serving as the CEO, chairman and founder of DAMAC Properties based in Dubai, United Arab Emirates. He was born and raised in a middle-class family in Dubai. His father owned a business that sold Parker pens, watches and various imported goods from China. His mother would purchase wholesale fabric and resell them to the local women. Hussain Sajwani earned his Bachelor of Science degree in Industrial Engineering and Economics from University of Washington in 1981. He was one of the selected few to have obtained a government-issued scholarship and visa to receive education in the United States. Prior to graduating, he would help out at his father’s shop ever since he was a child and he quickly developed his business acumen that you see today.
In 2002, Hussain Sajwani launched his real estate development company, DAMAC Properties. This was after he had seen a major opportunity in Dubai’s real estate industry. The Dubai government issued a decree that all non-emirates will now be able to own property in the emirate. The DAMAC owner found the perfect lot in Dubai to develop his first residential property in hopes to attract these foreign buyers. The 38-story duplex was a success and all of the units were sold out before the building was even constructed. DAMAC Properties soon became high in-demand and they have completed numerous luxury residential and commercial properties across the U.A.E. One of their most famous customers is President Donald Trump.
Hussain Sajwani has been friends with Trump before he became the president. They have collaborated on many Trump-branded projects in Dubai including the Trump International Golf Club and the Trump World Golf Course. The Trump World’s course was designed by professional golf extraordinaire, Tiger Woods. It scheduled to open at the end of 2018 and is located at the Akoya residential property owned by DAMAC. The entire Hussain Sajwani family currently reside in Dubai, his homeland is dear to him and he has donated to many charities located in the emirate. In 2013, he donated $550,000 to help clothe impoverished children.
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