Hussain Sajwani is the CEO of a real estate empire worth billions and he is the icon of an economic movement in the middle east that does not seem as though it is going to slow down anytime soon. It wasn’t always that way, as Sajwani swore as a youth that he would never be a businessman.
His father, who was the owner of a clock business, made him work long hours after school, so to Sajwani it seemed like a better idea to just get a degree and become a professional so he could work normal hours. However, he changed his mind when he found a good source for wholesale candy and wound up making a nice profit selling it to his schoolmates.
Sajwani earned a degree in engineering from the University of Washington in the US, and then returned to Dubai to work as an executive in an oil company. When the Gulf Wars occurred, he was able to start a catering business that served the US Army and other major contractors in the area. This part of his business is still flourishing and is a significant part of his overall operations.
In 2002, Sajwani formed Damac Properties, a real estate development company designed to take advantage of the coming real estate boom in Dubai. The government had just issued a ruling that would allow the immigration of foreign nationals who could then become permanent residents.
Through innovative promotional activities, smart financing and planning, and a flair for actionable decision-making, Sajwani was able to purchase land in an undeveloped area and sell out his first project in just under six months. The 38 story apartment project was all sold even before any construction had started.
Since then the Damac owner has been able to build many similar projects and is well-known for his flamboyant style of promotion. His “Bentley for every Apartment” promotion is well-known and has added to the fun of buying from Damac. Sajwani is a good friend of Donald Trump and there are Trump golf courses already located at two of the Damac properties.
The Hussain Sajwani family is very involved in the multi-billion dollar business as many members occupy various positions withing the corporate structure. Sajwani is very aware of his legacy and that of Damac, and it is only natural that talented relatives step up to take on a role as they are qualified.
Visit http://hussainsajwani.com/ to learn more.