Dubai is among the best places for real estate business, and a Dubai-based property developer Hussain Sajwani is leaping slowly from this business. Hussain Sajwani is the current chairman and CEO of DAMAC Properties a leading real estate firm in the UAE. Hussain graduated from the University of Washington and studying in a western country gave him a great business skill that helped him to do great business in Dubai.
Hussain Sajwani began his career at GASCO a branch of Abu Dhabi National Oil Company where he had the responsibility of managing major contracts. He did not work for a long time; he left GASCO in 1982 and founded a company that mainly focused on offering catering services.
His interest in the real estate markets began while he was running the catering business. Many people were visiting Dubai for business, but the accommodation was limited. Hussain saw this as an opportunity for him to make money.
]The numbers grew, and the supply of housing services was low compared to the demand. Hussain rose to action, and this is how he began buying lands and building hotels to accommodate the growing numbers of business people visiting the Arab nation. He registered his trading company DAMAC properties in 2002, and since then the company has diversified from building hotels to taking all the businesses in the real estate industry. Learn more about Hussain Sajwani: http://www.forbes.com/profile/hussain-sajwani
DAMAC Properties currently has created employment for over 2000 people who come from all over the world, and it is the largest property development company in the Middle East. The firm has luxurious properties not only in Dubai but also other cities as well including; Doha, Beirut, Jeddah, London, Abu Dhabi and Amman among others.
Hussain Sajwani’s company DAMAC has grown so fast since its inception, and it is now publicly listed, and willing investors can now buy the company shares from the Dubai financial markets at very competitive prices. Read more: DAMAC Help Needy Children
DAMAC mostly deal in prestigious real estate properties, and their primary target is the high-end market. As a great entrepreneur, Hussain holds a lot of shares in the best investments companies in the world.
Hussain has worked with the best investors the world has among them the US president Donald Trump who together they developed Trump International Golf Club which has very luxurious villas which were sold for over two billion US dollars earning the investors very high profits.
Hussain Sajwani is philanthropic, and among the charitable initiatives he has worked closely with is the Ramadan initiative which seeks to cloth over one million children who come from challenged backgrounds.