Menu

Hussain Sajwani Finishes What He Begins January 16, 2018

Hussain Sajwani was just a schoolboy, working for his father in the family store in Dubai when he became disgruntled by the long hours his father made him work. He told his father that he was sure that he would never be self-employed because the long hours were just impossible. He stated that he would rather go to college and get a degree so he could be a professional with regular hours.

 

Hussain did discover a very low price for a bulk order of candy which he was able to purchase with saved funds, and he then proceeded to make a handsome sum, selling the candy to classmates. It may have been at that time the entrepreneurial bug bit him, even though he did attend the University of Washington in the US and earned degrees in engineering and economics.

 

He then returned to his home country of Dubai and landed a job as an engineer in a Dubai gas company. That position didn’t last too long, and it came to an abrupt halt when Hussain saw an opportunity and seized it. He formed a catering company which sold food to the US Army during the Gulf War in Kuwait and Iraq. The venture was very successful and led to Hussain gaining valuable experience in running a large company.

 

In the year 2002, Hussain established DAMAC Properties, a real estate development and management company. The UAE had just announced that the restrictions on foreigners immigrating to the country had been lifted, and Sajwani discerned correctly that there would be a great demand for land and living accommodations.

 

As things worked out, DAMAC would become a great boon to not only the Hussain Sajwani family but to the country as well. People took interest in DAMAC and the luxury apartments and villa right away and sales started to set records immediately. Sajwani’s first project sold out before the construction had even begun.

 

The DAMAC owner had a flair for marketing and advertising, as one of his slogans was, “A New Bently For Every Apartment.” Since the inception of DAMAC, over 19,000 apartments have been sold, and there are another 44,000 in various stages of construction.

 

Follow Hussain Sajwani on Instagram.

Categories Business Leader