Hussain Sajwani, Chairman of DAMAC Properties

As the CEO of DAMAC group, Hussain Sajwani comes from a middle-class family of conservatives whose father owned his own shop selling watches and pens. His father put in long hours into this business, even as his mother sold fabric and other household goods to make extra money on the side. Hussain Sajwani was to work in the family business but he wanted to get an education and become a more professional person. He tried medical school in Bagdad but didn’t continue his studies in the field. Hussain Sajwani developed an entrepreneurial spirit rather than want to continue the family business.

 

DAMAC group was founded in 2002 by Hussain Sajwani where a government decree in Dubai allowed foreigners to own real estate. He sold his first units for a residential building before it was constructed. In 2013, DAMAC group was the first Middle Eastern company to be listed on the London Stock Exchange. DAMAC group has completed assignments in Dubai, Qatar, the United Kingdom, Saudi Arabia and several other places. DAMAC Group has been involved with two major developments in Dubai. DAMAC Hills is a luxury golfing community located in Dubailand.

 

DAMAC Hills is made up of townhouses, villas, smaller luxury apartments, and mansions comprised of 42 million square feet with additional feet leftover for entertainment and retail establishments. The DAMAC group was involved with Donald Trump before he became President where Dubai hosts the Trump International Golf Course, opening in February 2017. Tiger Woods was the super-star that designed the Trump World Golf Course, which was due to open as a different development in Spring 2018. Trump International Golf Club is a luxury 18-hole golf course named “Best Golf Development” in the world.

 

DAMAC Holding is another part of Hussain Sajwani’s company that has a focus in the hospitality industry, providing a catering service in the Middle East. Hussain Sajwani’s net worth is over $4 billion dollars because of his successful career. He also has a philanthropic spirit, donating to some charities in Dubai. He gives to the poor children in order to help them because Sajwani believes in giving back because of the fact of his success.

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