Business Venture

Hussain Sajwani, the CEO of DAMAC believes DAMAC is yet to achieve its Full Potential

DAMAC Properties is a renowned company working in the global real estate scene. The owner of DAMAC is Hussain Sajwani. The company recently launched its latest development Business Bay, Rěva Residences. The luxurious development consists of elegant apartments overlooking the magnificent Dubai Canal.


The apartments are strategically located within the Business Bay which is a vibrant part of Dubai. It comprises of businesses as well as leisure and entertainment spots that give it an excellent setting. The Rěva Residences’ design and features stand out in the neighborhood offering a marvelous modern facet. The locality has plenty of open spaces and waterside paths ideal for jogging, cycling, and walking. Also, the world’s largest mall is a few minutes away.


According to the Sr. Vice President of DAMAC Properties, Niall McLoughlin, the development is reasonably priced considering its location and inherent features. Rěva Residences also have a complete 24-hour concierge and reception. Other amenities include steam and sauna rooms, temperature-controlled swimming pool, and children’s play area among others. Interested individuals will get more information about the apartments during a full-day sale to be held at Jumeirah Emirates Towers.


Although DAMAC Properties has many state-of-the-art developments to its name, it is yet to reach its full potential. It is a belief that is shared by the Hussain Sajwani, the CEO of DAMAC. He plans to spread the incredible developments to major cities and areas of the world. It explains the continued growth of the company in its portfolio that also includes hospitality and insurance.


The owner of DAMAC got into the entrepreneurial scene after starting a catering business. He got contracts to supply the US military as well as other companies in the energy sector. He gradually sharpened his entrepreneurial skills and ventured in real estate.


Despite coming from a humble background, his entrepreneurial intellect can be traced back to his family. His father owned a shop besides dabbling a bit in real estate. Sajwani’s mother also sold fabric and other household goods. However, he resolved to pursue formal education instead of joining the family business.


Sajwani’s breakthrough came after the decree to allow foreigners own property in the Emirates. He developed apartments which he later sold to non-Emiratis. DAMAC made history after being the first real estate company from the Middle East to be listed on the London Stock Exchange. The owner of DAMAC is also well known for his philanthropic works. He has offered donations to organizations dealing in promoting the welfare of children, health, as well as other humanitarian needs.