Hussain Sajwani is a Dubai-based billionaire. He is into luxury real estate business. He is the owner of the famous Damac Properties Dubai Co. Although he founded the company in 2002, nothing about it indicates that the company is not up to 2 decades.
After getting an undergraduate degree in economics from the University of Washington, Hussain Sajwani decided to get a job even though he could afford further education and his decision paid off big time. He worked in GASCO as a contracts manager. In case you may not know, GASCO is a thriving subsidiary of the Abu Dhabi National Oil Company.
In 1982, Hussain Sajwani started his catering business that has become a force to reckon with. Currently, his catering business serves about 150,000 meals a day to different customers. In fact, it has become a global company that supplies meals to Africa, The CIS, and Middle East.
Hussain Sajwani is among the first few people that invested in property market development in the United Arab Emirate. Over the years, he has built a lot of hotels and housing apartments in different parts of the world. Due to the number of people coming to Dubai for either pleasure or for business, all his hotels are really thriving.
It was the prospect he saw in the business that made him establish Damac Properties in 2002. His personal competencies are in the legal issues, finance, sales, and even marketing. He turned his business into a corporate giant with all his competencies.
Having discussed about the DAMAC owner in details, it is necessary to also discuss Damac Properties Dubai Co in detail. The company was founded to provide leisure, private residence, and commercial buildings. Damac Properties has a presence in Jordan, North Africa, Lebanon, Saudi Arabia, Qatar, and several other countries.
In May 2017, Damac Properties was estimated to be over $4 billion in value. Right now, the company has over 2,000 employees and it is publicly listed on Dubai’s Financial Market. On December 2013, Damac Properties became the first real estate company from the Middle East listed on London Stock Exchange.
This was because the company successfully raised the sum of $379 million in the form of an IPO. Damac Properites grew gradually to become a world class investment group that has diversified into other businesses. Right now, it has become one of the most success companies in the world.