Developer Hussain Sajwani Sees Continued Demand for Housing in Dubai

Hussain Sajwani is the Chairman of Damak Properties, a large real estate development company. It is based in Dubai. Hussain founded the company in 2002. Its property developments include hotels, luxury housing units, and golf courses. DAMAC Properties originated as a startup company, with its founder as its sole employee at the beginning, and it has now grown into a large, globally recognized company. DAMAC Properties has just been named as number one on the Forbes 2017 Global 2000 List.

 

His first golf course development was a joint venture with the Trump Organization, a U.S. based company owned by the Trump family. The development also includes luxury multi family homes, located on the property. A second multi use golf course project, also with President Donald Trump and the Trump organization, is underway. Hussain Sajwani, in a recent interview, was asked his thoughts on how the projects would be impacted, if at all, when taking into account President Trump’s recent announcement about Jerusalem. Hussain responded that sales have been strong at the first project, and he remains optimistic about similar success of the second.

 

Hussain added that his company is growing 3% to 4%, and he is looking for continued growth in Dubai. He is also looking into development projects in areas of Europe and in North America.

 

He obtained his Bachelor of Science degree at the University of Washington. He studied Industrial Engineering and Economics. When he completed his schooling, Hussain Sajwani started working in the financial area. He left that, and started his own catering business. His company became very successful, and it remains in operation today. His company is a food service business known as Global Logistics Services.

 

His dream was to be a part of the development of Dubai, in which he saw great potential for the expansion and growth of the city. He grew up as the son of an entrepreneur. His father owned his own business, importing products from China. Hussain learned early about business ownership, and of the entrepreneurial spirit it takes to be a successful business owner.

Leave a Reply

Your email address will not be published. Required fields are marked *