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How DAMAC Owner Hussain Sajwani Found Success In The Real Estate Industry April 27, 2018

As an entrepreneur, Hussain Sajwani is always on the outlook for ways to expand his company. DAMAC owner Hussain Sajwani has made a lot of money developing luxury properties. He has developed residential, commercial, and leisure properties in his home country of the United Arab Emirates since 2002. Several years ago he started building properties in other countries in the region like Iraq, Saudi Arabia, and Qatar. He recently completed his first project in the United Kingdom which was a luxury property in downtown London. He is now sizing up various opportunities in Europe as well as other regions around the world.

 

Prior to 2002, the UAE government forbade anyone but residents of that country from being owners in the real estate market. As many foreigners, in particular international businessmen, wanted to own property there the government decided to change its policy and allow them to do so. Hussain Sajwani saw this as a huge opportunity for him and so he established DAMAC Group. He says that his first project sold out before he had even been able to get it under construction.

 

As he owns a luxury brand himself, Hussain Sajwani likes to partner with other similar brands. One of these is Donald Trump’s brand. They collaborated on two projects, DAMAC Hills and one slated to be opened in late 2018. Each features a large Trump-managed and branded 18 hole golf course. He has also partnered with a number of high-end Italian brands like Versace.

 

Always on the lookout for new business opportunities, Hussain Sajwani also expanded DAMAC Group into the hospitality industry. He now offers catering services to many hotels and apartments across the Middle East. Another area he has moved into is the insurance industry. His DAMAC Group is now the biggest such company in Bahrain, for instance.

 

Due to all of his success at business he is now worth in excess of $4 billion. As he is a philanthropist he has donated some of his money to various causes over the years. In one initiative, for instance, he donated enough money to provide warm clothing to over 50,000 children around the world.