Defining The World Of Real Estate Business
Hussain Sajwani graduated from the University of Washington. He began his career in GASCO as a contracts manager, which was Abu Dhabi National Oil Company subsidiary. He worked there for a short time before moving from corporate employment to start his own business. In 1982, he launched his own catering venture. Hussein Sajwani is among the property market expansion pioneers in Dubai. He established DAMAC properties in 2002, after identifying a market opportunity.
DAMAC has worked with many businesses and properties. The properties that have partnered with DAMAC are leisure, residential and commercial investments. The company has also dealt with real estate development.
Donald Trump and DAMAC chairman Hussain Sajwani have been working together for a long time. The two have interest in the real estate business. DAMAC was behind the construction of Trump’s $2 billion luxury golf course in Dubai. The two families have enjoyed a close relationship with each other.
DAMAC properties established in 2002, is owned by Hussain Sajwani. Its headquarters are in Dubai, United Arab Emirates. DAMAC deals with real estate. In 2016, DAMAC had a revenue of $1.947 billion. The company has completed many commercial, mixed-use projects and residential in the Kingdom of Saudi Arabia, Abu Dhabi, Dubai, and Qatar. DAMAC is also the mastermind behind two master developments located in Dubai with approximately 100 million square feet from one project to the other. DAMAC also operates hotel apartment’s complexes, hotels, and serviced villas.
The Hussain Sajwani-DAMAC foundation is an initiative that is aimed at sponsoring One Million Arab Coders. The initiative main focus is offering free training for one million Arab youths aimed at empowering them for future opportunities in programming. Hussain Sajwani sponsors Dubai Cares and Emirates Red Crescent. The chairman of DAMAC donated AED 2 million towards the campaign of clothing one million children. Hussain Sajwani’s contribution will cloth 50,000 children.